Blair William & Co. IL trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,192 shares of the company’s stock after selling 9,635 shares during the quarter. Blair William & Co. IL owned 0.06% of Church & Dwight worth $11,935,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Church & Dwight by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock valued at $2,672,000 after acquiring an additional 945 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Church & Dwight by 18.4% in the 1st quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock worth $726,000 after acquiring an additional 1,024 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Church & Dwight during the 2nd quarter worth approximately $254,000. Atlantic Union Bankshares Corp purchased a new position in shares of Church & Dwight during the 2nd quarter worth approximately $114,000. Finally, Savant Capital LLC increased its holdings in Church & Dwight by 16.8% in the 2nd quarter. Savant Capital LLC now owns 7,093 shares of the company’s stock valued at $682,000 after purchasing an additional 1,018 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Stock Performance
Shares of CHD stock opened at $100.72 on Monday. The firm has a 50 day moving average of $95.09 and a two-hundred day moving average of $90.11. The stock has a market capitalization of $23.84 billion, a PE ratio of 33.35, a P/E/G ratio of 3.71 and a beta of 0.45. The company has a quick ratio of 0.71, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $116.46.
Church & Dwight Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a dividend of $0.3075 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 13th. This represents a $1.23 annualized dividend and a yield of 1.2%. Church & Dwight’s dividend payout ratio (DPR) is currently 40.73%.
Insider Activity
In other news, Director Janet S. Vergis sold 12,960 shares of Church & Dwight stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $101.00, for a total value of $1,308,960.00. Following the completion of the transaction, the director owned 17,102 shares in the company, valued at approximately $1,727,302. This trade represents a 43.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have issued reports on CHD shares. Evercore boosted their target price on Church & Dwight from $101.00 to $103.00 and gave the company an “in-line” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Church & Dwight in a research note on Monday, December 22nd. Argus cut their price objective on Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Morgan Stanley set a $105.00 target price on Church & Dwight and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Finally, Rothschild & Co Redburn set a $91.00 target price on Church & Dwight and gave the company a “neutral” rating in a report on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.88.
Check Out Our Latest Research Report on Church & Dwight
Church & Dwight Company Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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