AMI Asset Management Corp Sells 21,195 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

AMI Asset Management Corp decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 528,926 shares of the company's stock after selling 21,195 shares during the period. Church & Dwight comprises about 3.4% of AMI Asset Management Corp's investment portfolio, making the stock its 7th biggest holding. AMI Asset Management Corp owned about 0.21% of Church & Dwight worth $58,229,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IAG Wealth Partners LLC lifted its position in shares of Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Versant Capital Management Inc boosted its stake in Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after acquiring an additional 112 shares during the period. Bernard Wealth Management Corp. acquired a new position in Church & Dwight in the fourth quarter valued at approximately $40,000. Banque Transatlantique SA acquired a new position in Church & Dwight in the fourth quarter valued at approximately $46,000. Finally, NBC Securities Inc. acquired a new position in Church & Dwight in the first quarter valued at approximately $61,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Performance

Shares of CHD traded down $0.13 during mid-day trading on Friday, reaching $94.84. 3,093,647 shares of the company's stock traded hands, compared to its average volume of 1,766,081. The business's 50-day moving average price is $96.85 and its 200-day moving average price is $103.08. The stock has a market capitalization of $23.36 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 3.81 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 earnings per share. Equities analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CHD shares. UBS Group decreased their target price on Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays decreased their target price on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a research note on Friday, May 2nd. Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and lifted their target price for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Finally, Morgan Stanley decreased their target price on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Church & Dwight currently has an average rating of "Hold" and an average target price of $108.29.

Insiders Place Their Bets

In related news, EVP Michael Read purchased 3,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $92.07 per share, with a total value of $276,210.00. Following the completion of the purchase, the executive vice president now owns 5,505 shares of the company's stock, valued at $506,845.35. The trade was a 119.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carlen Hooker sold 6,380 shares of the company's stock in a transaction on Monday, June 16th. The stock was 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 in the company, valued at $25,754.60. This trade represents a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock worth $4,910,586 over the last ninety days. Company insiders own 2.00% of the company's stock.

Church & Dwight Company Profile

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.