Asset Management One Co. Ltd. decreased its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 173,809 shares of the company’s stock after selling 8,561 shares during the quarter. Asset Management One Co. Ltd. owned 0.07% of Church & Dwight worth $14,831,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CHD. AE Wealth Management LLC acquired a new position in Church & Dwight during the 4th quarter valued at about $21,624,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Church & Dwight by 16.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 54,273 shares of the company’s stock valued at $4,551,000 after purchasing an additional 7,664 shares during the period. Nicholson Wealth Management Group LLC lifted its position in Church & Dwight by 28.4% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 21,029 shares of the company’s stock valued at $1,763,000 after purchasing an additional 4,651 shares during the period. KBC Group NV lifted its position in Church & Dwight by 0.3% during the 4th quarter. KBC Group NV now owns 119,268 shares of the company’s stock valued at $10,000,000 after purchasing an additional 380 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Church & Dwight by 6.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,374 shares of the company’s stock valued at $199,000 after purchasing an additional 152 shares during the period. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Down 0.4%
NYSE CHD opened at $96.50 on Tuesday. The stock has a market capitalization of $22.86 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 3.59 and a beta of 0.48. The stock’s 50 day moving average price is $98.09 and its two-hundred day moving average price is $91.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.07. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.04.
Church & Dwight Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were paid a $0.3075 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.30. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, February 13th. Church & Dwight’s dividend payout ratio is 40.73%.
Insiders Place Their Bets
In other news, Director Penry W. Price sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $100.58, for a total transaction of $704,060.00. Following the completion of the sale, the director owned 30,070 shares in the company, valued at approximately $3,024,440.60. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Janet S. Vergis sold 12,960 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the transaction, the director directly owned 17,102 shares in the company, valued at approximately $1,727,302. This represents a 43.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CHD. Jefferies Financial Group upped their target price on shares of Church & Dwight from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada set a $112.00 target price on shares of Church & Dwight in a research report on Thursday, April 9th. Citigroup restated a “neutral” rating and set a $100.00 target price (up from $87.00) on shares of Church & Dwight in a research report on Monday, February 2nd. Barclays lowered their price target on Church & Dwight from $85.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. Finally, Raymond James Financial upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research report on Monday, January 5th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.59.
View Our Latest Stock Report on Church & Dwight
About Church & Dwight
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.
Further Reading
Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD – Free Report).
Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.
