Private Ocean LLC purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 580 shares of the company’s stock, valued at approximately $41,000.
Several other hedge funds have also recently made changes to their positions in CHD. JPMorgan Chase & Co. grew its position in shares of Church & Dwight by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 617,252 shares of the company’s stock valued at $36,647,000 after acquiring an additional 64,158 shares during the period. Legal & General Group Plc boosted its holdings in Church & Dwight by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 1,421,945 shares of the company’s stock worth $84,410,000 after buying an additional 48,145 shares during the period. Morgan Stanley boosted its holdings in Church & Dwight by 425.0% in the 3rd quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock worth $284,736,000 after buying an additional 3,882,426 shares during the period. Vanguard Group Inc boosted its holdings in Church & Dwight by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 27,786,142 shares of the company’s stock worth $1,649,662,000 after buying an additional 185,775 shares during the period. Finally, LVM Capital Management Ltd. MI boosted its holdings in Church & Dwight by 7.0% in the 4th quarter. LVM Capital Management Ltd. MI now owns 3,986 shares of the company’s stock worth $262,000 after buying an additional 260 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CHD opened at $72.47 on Wednesday. Church & Dwight Co., Inc. has a 1 year low of $45.55 and a 1 year high of $74.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.45 and a current ratio of 0.81. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 3.48 and a beta of 0.24.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 40.09%.
Several research analysts recently commented on CHD shares. Zacks Investment Research raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Thursday, March 28th. Credit Suisse Group started coverage on shares of Church & Dwight in a report on Wednesday, March 6th. They issued a “neutral” rating and a $65.00 price objective for the company. Barclays reaffirmed a “sell” rating and issued a $56.00 price objective on shares of Church & Dwight in a report on Thursday, February 7th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Church & Dwight in a report on Thursday, May 2nd. Finally, Atlantic Securities downgraded shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $67.89.
In other news, Director Bradley C. Irwin sold 13,172 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $72.58, for a total transaction of $956,023.76. Following the sale, the director now owns 49,898 shares in the company, valued at approximately $3,621,596.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur B. Winkleblack sold 48,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $73.19, for a total transaction of $3,513,120.00. Following the sale, the director now owns 240,606 shares in the company, valued at approximately $17,609,953.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,172 shares of company stock worth $6,451,754. Corporate insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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