Asset Management One Co. Ltd. Trims Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Asset Management One Co. Ltd. decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,316 shares of the company's stock after selling 4,587 shares during the quarter. Asset Management One Co. Ltd. owned about 0.07% of Church & Dwight worth $18,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC increased its stake in 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 acquiring an additional 130 shares during the last quarter. Versant Capital Management Inc increased its stake in Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after acquiring an additional 112 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight in the fourth quarter valued at $40,000. Banque Transatlantique SA acquired a new stake in shares of Church & Dwight in the fourth quarter valued at $46,000. Finally, NBC Securities Inc. acquired a new stake in shares of Church & Dwight in the first quarter valued at $61,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Insiders Place Their Bets

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the sale, the director now directly owns 13,747 shares of the company's stock, valued at approximately $1,360,953. The trade was a 51.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carlen Hooker sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $98.05, for a total value of $294,150.00. Following the completion of the sale, the executive vice president now directly owns 262 shares of the company's stock, valued at $25,689.10. The trade was a 91.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock valued at $4,910,586 in the last ninety days. Insiders own 1.20% of the company's stock.

Church & Dwight Stock Down 0.1%

NYSE CHD traded down $0.13 during trading on Friday, reaching $94.84. 3,093,647 shares of the company's stock were exchanged, compared to its average volume of 1,745,105. The stock has a market cap of $23.36 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 3.80 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. The company has a 50 day moving average price of $96.85 and a two-hundred day moving average price of $103.05. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion during 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%. Church & Dwight's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer dropped their price objective on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. UBS Group dropped their price objective 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. Wells Fargo & Company lifted their price objective on Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Morgan Stanley dropped their price objective 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 issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.