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

Congress Asset Management Co. MA lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,137,722 shares of the company’s stock after selling 34,945 shares during the quarter. Congress Asset Management Co. MA’s holdings in Church & Dwight were worth $118,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Chilton Capital Management LLC grew its stake in Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after acquiring an additional 110 shares during the period. Creekmur Asset Management LLC purchased a new position in Church & Dwight during the fourth quarter valued at $32,000. Annapolis Financial Services LLC increased its stake in shares of Church & Dwight by 2,087.5% during the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after purchasing an additional 334 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Church & Dwight during the 4th quarter worth about $35,000. Finally, Jones Financial Companies Lllp lifted its stake in Church & Dwight by 383.8% in the 4th quarter. Jones Financial Companies Lllp now owns 387 shares of the company’s stock valued at $37,000 after buying an additional 307 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Up 0.0 %

Church & Dwight stock traded up $0.02 during mid-day trading on Friday, reaching $108.93. 1,736,655 shares of the company’s stock were exchanged, compared to its average volume of 1,151,856. The company has a fifty day moving average of $106.62 and a 200-day moving average of $101.56. The company has a market cap of $26.64 billion, a P/E ratio of 34.58, a P/E/G ratio of 3.55 and a beta of 0.51. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31.

Church & Dwight (NYSE:CHDGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio is presently 35.87%.

Insider Buying and Selling

In other news, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the sale, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $107.00, for a total value of $5,847,978.00. Following the completion of the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,346 shares of company stock worth $19,465,948. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Church & Dwight in a research note on Friday, March 1st. They issued a “buy” rating and a $110.00 price target on the stock. HSBC increased their target price on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Barclays cut their price objective on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating for the company in a report on Monday, May 6th. Finally, Oppenheimer boosted their target price on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $106.19.

View Our Latest Stock Analysis on Church & Dwight

Church & Dwight Profile

(Free Report)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in 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; 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 showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.

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

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