Advisors Asset Management Inc. lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,187 shares of the company’s stock after selling 1,938 shares during the period. Advisors Asset Management Inc.’s holdings in Church & Dwight were worth $7,899,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Church & Dwight in the 2nd quarter valued at $45,000. Zions Bancorporation National Association UT purchased a new position in Church & Dwight during the 1st quarter worth $53,000. State of Wyoming bought a new stake in shares of Church & Dwight in the 1st quarter worth $69,000. Ameritas Advisory Services LLC bought a new position in shares of Church & Dwight during the 2nd quarter worth approximately $76,000. Finally, WPG Advisers LLC purchased a new position in shares of Church & Dwight in the 1st quarter worth approximately $105,000. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Stock Performance
Shares of Church & Dwight stock opened at $84.16 on Wednesday. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $116.46. The business has a fifty day simple moving average of $86.44 and a two-hundred day simple moving average of $92.39. The firm has a market capitalization of $20.21 billion, a P/E ratio of 39.70, a P/E/G ratio of 3.52 and a beta of 0.42. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.
Church & Dwight Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.295 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.18 annualized dividend and a yield of 1.4%. Church & Dwight’s dividend payout ratio is 37.11%.
Analyst Upgrades and Downgrades
CHD has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an “underweight” rating on the stock in a research report on Monday, August 4th. Evercore ISI cut their price target on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 4th. Oppenheimer set a $100.00 price target on shares of Church & Dwight and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Wells Fargo & Company reduced their target price on Church & Dwight from $108.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, Citigroup cut their price target on shares of Church & Dwight from $88.00 to $85.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $99.00.
Check Out Our Latest Report on Church & Dwight
Church & Dwight Profile
Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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