Cwm LLC cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 38.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,108 shares of the company’s stock after selling 9,620 shares during the quarter. Cwm LLC’s holdings in Church & Dwight were worth $1,267,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. True Wealth Design LLC increased its stake in shares of Church & Dwight by 935.5% in the third quarter. True Wealth Design LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the last quarter. Ameriflex Group Inc. raised its holdings in Church & Dwight by 101.3% in the third quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock valued at $28,000 after acquiring an additional 162 shares in the last quarter. CVA Family Office LLC boosted its stake in Church & Dwight by 58.1% during the 3rd quarter. CVA Family Office LLC now owns 332 shares of the company’s stock valued at $29,000 after acquiring an additional 122 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Church & Dwight during the 3rd quarter worth $30,000. Finally, First Horizon Corp acquired a new position in Church & Dwight during the 3rd quarter worth $32,000. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Trading Down 0.0%
NYSE CHD opened at $95.00 on Monday. 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 one year low of $81.33 and a one year high of $106.04. The company has a 50-day simple moving average of $97.59 and a 200-day simple moving average of $91.14. The firm has a market capitalization of $22.50 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 3.52 and a beta of 0.48.
Church & Dwight Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, February 13th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.30. Church & Dwight’s dividend payout ratio (DPR) is currently 40.73%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on CHD shares. Barclays cut their target price on shares of Church & Dwight from $85.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 14th. Citigroup reiterated a “neutral” rating and issued a $100.00 price target (up from $87.00) on shares of Church & Dwight in a research note on Monday, February 2nd. JPMorgan Chase & Co. lowered their price objective on Church & Dwight from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, April 17th. UBS Group decreased their target price on Church & Dwight from $102.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Finally, Raymond James Financial upgraded Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $101.59.
Get Our Latest Research Report on CHD
Insider Activity
In other Church & Dwight news, Director Janet S. Vergis sold 12,960 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares of the company’s stock, valued at $1,727,302. The trade was a 43.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Penry W. Price sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $100.58, for a total transaction of $704,060.00. Following the completion of the transaction, the director owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. This trade represents a 18.88% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by corporate insiders.
Church & Dwight 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.
Further Reading
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.
