CIBC Asset Management Inc Cuts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

CIBC Asset Management Inc reduced its position in Church & Dwight Co., Inc. (NYSE:CHDGet Rating) by 92.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,407 shares of the company’s stock after selling 518,871 shares during the quarter. CIBC Asset Management Inc’s holdings in Church & Dwight were worth $4,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHD. Vestmark Advisory Solutions Inc. purchased a new position in shares of Church & Dwight in the 4th quarter worth about $283,000. Dupont Capital Management Corp purchased a new stake in Church & Dwight during the 4th quarter valued at about $96,000. CWM LLC purchased a new stake in Church & Dwight during the 4th quarter valued at about $76,000. Xponance Inc. boosted its holdings in Church & Dwight by 26.9% during the 4th quarter. Xponance Inc. now owns 17,656 shares of the company’s stock valued at $1,810,000 after acquiring an additional 3,744 shares during the period. Finally, Raymond James Trust N.A. boosted its holdings in Church & Dwight by 20.6% during the 4th quarter. Raymond James Trust N.A. now owns 3,568 shares of the company’s stock valued at $366,000 after acquiring an additional 610 shares during the period. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group dropped their target price on Church & Dwight from $104.00 to $98.00 and set a “neutral” rating for the company in a report on Monday, August 1st. Wells Fargo & Company dropped their target price on Church & Dwight from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, August 1st. The Goldman Sachs Group lowered their price target on Church & Dwight from $104.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday. Truist Financial lowered their price target on Church & Dwight from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Finally, Barclays lowered their price target on Church & Dwight from $78.00 to $76.00 and set an “underweight” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.79.

Insider Activity at Church & Dwight

In related news, Director Bradley C. Irwin sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $97.86, for a total transaction of $685,020.00. Following the completion of the transaction, the director now owns 41,636 shares of the company’s stock, valued at approximately $4,074,498.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Church & Dwight Stock Up 0.0 %

Shares of NYSE:CHD opened at $87.00 on Friday. Church & Dwight Co., Inc. has a 52-week low of $80.34 and a 52-week high of $105.28. The firm has a market capitalization of $21.13 billion, a P/E ratio of 27.62, a P/E/G ratio of 3.60 and a beta of 0.34. The stock has a 50 day moving average price of $90.38 and a 200-day moving average price of $95.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 1.01.

Church & Dwight (NYSE:CHDGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.02 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, August 12th. Church & Dwight’s dividend payout ratio (DPR) is presently 33.33%.

Church & Dwight Company Profile

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

Further Reading

Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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