CWA Asset Management Group LLC Boosts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

CWA Asset Management Group LLC increased its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 116.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,144 shares of the company's stock after acquiring an additional 3,836 shares during the period. CWA Asset Management Group LLC's holdings in Church & Dwight were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHD. Norges Bank purchased a new position in shares of Church & Dwight during the 4th quarter valued at about $318,532,000. JPMorgan Chase & Co. raised its stake in shares of Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after buying an additional 1,190,154 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Church & Dwight by 12,489.8% during the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock valued at $94,886,000 after buying an additional 855,049 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Church & Dwight during the 4th quarter valued at about $76,565,000. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Church & Dwight during the 4th quarter valued at about $49,504,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock traded up $0.53 on Friday, hitting $96.42. 4,741,941 shares of the company were exchanged, compared to its average volume of 1,754,560. The stock has a market capitalization of $23.75 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 3.87 and a beta of 0.52. The company has a 50-day moving average price of $97.77 and a 200 day moving average price of $103.46. Church & Dwight Co., Inc. has a 1-year low of $90.99 and a 1-year high of $116.46. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The firm's quarterly revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio is presently 50.64%.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Michael Read acquired 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the acquisition, the executive vice president now owns 5,505 shares of the company's stock, valued at approximately $506,845.35. The trade was a 119.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the transaction, the director now owns 13,747 shares in the company, valued at $1,360,953. This represents a 51.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,575 shares of company stock worth $4,910,586. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $100.00 to $114.00 in a research note on Monday, June 2nd. Truist Financial set a $110.00 price objective on Church & Dwight and gave the company a "buy" rating in a research note on Friday, June 6th. Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday. UBS Group cut their price target 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. Finally, JPMorgan Chase & Co. cut their price target on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.67.

Church & Dwight 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.