Oppenheimer & Co. Inc. Sells 1,792 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,350 shares of the company’s stock after selling 1,792 shares during the period. Oppenheimer & Co. Inc.’s holdings in Church & Dwight were worth $3,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHD. Palumbo Wealth Management LLC grew its holdings in Church & Dwight by 29.8% during the 1st quarter. Palumbo Wealth Management LLC now owns 27,465 shares of the company’s stock worth $3,024,000 after acquiring an additional 6,309 shares during the period. M3 Advisory Group LLC boosted its position in shares of Church & Dwight by 5.4% in the 1st quarter. M3 Advisory Group LLC now owns 2,457 shares of the company’s stock worth $270,000 after purchasing an additional 125 shares during the last quarter. TrueMark Investments LLC acquired a new stake in shares of Church & Dwight during the first quarter worth $263,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Church & Dwight in the first quarter valued at about $781,000. Finally, North Point Portfolio Managers Corp OH lifted its stake in Church & Dwight by 0.9% in the first quarter. North Point Portfolio Managers Corp OH now owns 127,555 shares of the company’s stock valued at $14,042,000 after buying an additional 1,190 shares during the period. 86.60% of the stock is owned by institutional investors.

Church & Dwight Trading Down 0.8%

Shares of NYSE:CHD opened at $95.29 on Thursday. The firm has a market cap of $23.47 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 3.85 and a beta of 0.52. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46. The company’s fifty day simple moving average is $97.27 and its 200 day simple moving average is $103.24. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, May 15th. Church & Dwight’s dividend payout ratio is presently 50.64%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Michael Read bought 3,000 shares of Church & Dwight stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the acquisition, the executive vice president now owns 5,505 shares of the company’s stock, valued at $506,845.35. This trade represents a 119.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Carlen Hooker sold 6,380 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the transaction, the executive vice president now directly owns 262 shares of the company’s stock, valued at approximately $25,754.60. This trade represents a 96.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,575 shares of company stock worth $4,910,586. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada upgraded Church & Dwight from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd. Evercore ISI decreased their price objective on shares of Church & Dwight from $106.00 to $102.00 and set an “in-line” rating for the company in a report on Friday, May 2nd. Wall Street Zen raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. TD Cowen cut shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Tuesday, May 6th. Finally, Barclays decreased their price target on shares of Church & Dwight from $94.00 to $84.00 and set an “underweight” rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $108.29.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.