Townsquare Capital LLC reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 58.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,914 shares of the company's stock after selling 21,028 shares during the quarter. Townsquare Capital LLC's holdings in Church & Dwight were worth $1,642,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in shares of Church & Dwight during the 1st quarter worth $53,000. Savvy Advisors Inc. bought a new stake in shares of Church & Dwight during the 1st quarter worth $215,000. Citigroup Inc. boosted its stake in shares of Church & Dwight by 143.1% during the 1st quarter. Citigroup Inc. now owns 541,393 shares of the company's stock worth $59,602,000 after acquiring an additional 318,706 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Church & Dwight by 11.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 493,762 shares of the company's stock worth $54,358,000 after buying an additional 51,636 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its position in shares of Church & Dwight by 6.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 15,297 shares of the company's stock worth $1,684,000 after buying an additional 974 shares during the period. 86.60% of the stock is owned by institutional investors.
Church & Dwight Price Performance
NYSE CHD opened at $93.57 on Thursday. Church & Dwight Co., Inc. has a fifty-two week low of $90.50 and a fifty-two week high of $116.46. The stock's 50-day moving average is $96.26 and its two-hundred day moving average is $100.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. The firm has a market cap of $22.79 billion, a P/E ratio of 44.14, a price-to-earnings-growth ratio of 3.81 and a beta of 0.43.
Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $0.93 earnings per share. The business's revenue was down .3% compared to the same quarter last year. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.
Church & Dwight Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.295 dividend. 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 presently 55.66%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on CHD. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. 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 report on Monday, May 5th. Oppenheimer decreased their target price on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, TD Cowen cut Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a research report on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $103.94.
Check Out Our Latest Stock Report on Church & Dwight
Insiders Place Their Bets
In other news, EVP Carlen Hooker sold 11,875 shares of Church & Dwight stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $98.75, for a total value of $1,172,656.25. Following the transaction, the executive vice president directly owned 262 shares in the company, valued at approximately $25,872.50. The trade was a 97.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard A. Dierker acquired 5,470 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the completion of the purchase, the chief executive officer directly owned 27,212 shares of the company's stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 12,879 shares of company stock valued at $1,177,702 and sold 35,915 shares valued at $3,545,300. Company insiders own 2.00% of the company's stock.
Church & Dwight Profile
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Free Report)
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.
Further Reading
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).
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