Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by National Bank of Canada FI

Key Points

• National Bank of Canada FI reduced its holdings in Church & Dwight Co., Inc. by 15.2%, now owning 132,765 shares worth approximately $14.6 million.
• The company recently declared a quarterly dividend of $0.295 per share, with an annualized yield of 1.3%.
• Church & Dwight's latest earnings report showed an EPS of $0.94, surpassing analyst estimates and a revenue of $1.51 billion, indicating a slight decrease compared to the previous year.

National Bank of Canada FI lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,765 shares of the company's stock after selling 23,735 shares during the period. National Bank of Canada FI owned 0.05% of Church & Dwight worth $14,615,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC lifted its stake in shares of Church & Dwight by 92.9% in the 1st 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 period. Wayfinding Financial LLC acquired a new stake in shares of Church & Dwight in the 1st quarter worth $40,000. Versant Capital Management Inc lifted its stake in shares of Church & Dwight by 42.1% in the 1st 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 period. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight in the 4th quarter worth $42,000. Finally, Chilton Capital Management LLC lifted its stake in shares of Church & Dwight by 90.9% in the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock worth $46,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity

In other news, EVP Lee B. Mcchesney purchased 5,409 shares of the stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $91.38 per share, for a total transaction of $494,274.42. Following the completion of the acquisition, the executive vice president directly owned 5,409 shares in the company, valued at $494,274.42. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the sale, the director owned 13,747 shares of the company's stock, valued at approximately $1,360,953. This trade represents a 51.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,915 shares of company stock valued at $3,545,300. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CHD has been the subject of several recent analyst reports. Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and raised their target price for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Redburn Partners set a $83.00 target price on shares of Church & Dwight in a research note on Monday, July 14th. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. UBS Group raised their price objective on shares of Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Cowen cut shares of Church & Dwight from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $103.94.

Church & Dwight Stock Performance

NYSE:CHD opened at $91.71 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $96.53 and a two-hundred day moving average price of $101.09. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The company has a market capitalization of $22.34 billion, a P/E ratio of 43.26, a price-to-earnings-growth ratio of 3.75 and a beta of 0.43.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, research analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.295 per share. The ex-dividend date is Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight's payout ratio is 55.66%.

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.

Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.