Oddo BHF Asset Management Sas lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 16.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,229 shares of the company’s stock after selling 10,477 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Church & Dwight were worth $5,061,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Integrity Alliance LLC. boosted its position in shares of Church & Dwight by 4.6% during the 4th quarter. Integrity Alliance LLC. now owns 2,500 shares of the company’s stock worth $210,000 after acquiring an additional 111 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Church & Dwight by 0.8% during the 2nd quarter. Advisory Services Network LLC now owns 14,325 shares of the company’s stock worth $1,343,000 after acquiring an additional 116 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Church & Dwight by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 3,524 shares of the company’s stock worth $309,000 after purchasing an additional 124 shares during the last quarter. Essex Financial Services Inc. lifted its stake in Church & Dwight by 2.5% during the fourth quarter. Essex Financial Services Inc. now owns 5,218 shares of the company’s stock worth $438,000 after purchasing an additional 125 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Church & Dwight by 5.3% in the first quarter. Arkadios Wealth Advisors now owns 2,692 shares of the company’s stock valued at $251,000 after purchasing an additional 136 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Down 0.0%
Shares of NYSE CHD opened at $99.88 on Thursday. The business has a 50-day moving average price of $97.04 and a 200 day moving average price of $96.50. The stock has a market cap of $23.67 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 3.60 and a beta of 0.47. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04.
Church & Dwight Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Church & Dwight’s payout ratio is presently 40.46%.
Insiders Place Their Bets
In related news, EVP Carlos G. Linares sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $99.71, for a total value of $997,100.00. Following the completion of the sale, the executive vice president owned 4,668 shares in the company, valued at $465,446.28. This represents a 68.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $98.00, for a total transaction of $1,270,080.00. Following the sale, the director owned 13,653 shares of the company’s stock, valued at approximately $1,337,994. This represents a 48.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 47,680 shares of company stock worth $4,672,190. Corporate insiders own 2.00% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have commented on CHD. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $109.00 price target on shares of Church & Dwight in a research note on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and set a $110.00 price objective (up from $105.00) on shares of Church & Dwight in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Evercore set a $105.00 target price on shares of Church & Dwight in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $111.00 price target on shares of Church & Dwight in a research note on Friday, May 29th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $103.82.
Read Our Latest Analysis on CHD
Church & Dwight Company 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.
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