Elevation Point Wealth Partners LLC Sells 6,417 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Elevation Point Wealth Partners LLC lessened its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 75.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,096 shares of the company's stock after selling 6,417 shares during the period. Elevation Point Wealth Partners LLC's holdings in Church & Dwight were worth $231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its position 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 valued at $42,000 after acquiring an additional 112 shares during the period. Bernard Wealth Management Corp. bought a new position in shares of Church & Dwight in the 4th quarter valued at about $40,000. Bank of Jackson Hole Trust bought a new position in shares of Church & Dwight in the 4th quarter valued at about $43,000. Banque Transatlantique SA bought a new position in shares of Church & Dwight in the 4th quarter valued at about $46,000. Finally, NBC Securities Inc. bought a new position in shares of Church & Dwight in the 1st quarter valued at about $61,000. Institutional investors own 86.60% of the company's stock.

Wall Street Analysts Forecast Growth

CHD has been the subject of several research analyst reports. UBS Group reduced their target price on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Barclays reduced their target price on shares of Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company lifted their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Wall Street Zen cut shares of Church & Dwight from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $108.67.

Insider Activity

In related news, Director Penry W. Price sold 14,660 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the transaction, the director now directly owns 27,043 shares of the company's stock, valued at $2,518,514.59. This represents a 35.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carlen Hooker sold 11,875 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $98.75, for a total transaction of $1,172,656.25. Following the transaction, the executive vice president now directly owns 262 shares in the company, valued at approximately $25,872.50. This represents a 97.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,195 shares of company stock valued at $4,283,432. 2.00% of the stock is currently owned by insiders.

Church & Dwight Trading Up 0.7%

Shares of NYSE CHD opened at $97.78 on Tuesday. The firm has a 50 day moving average price of $98.33 and a two-hundred day moving average price of $103.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The stock has a market cap of $24.08 billion, a P/E ratio of 41.26, a price-to-earnings-growth ratio of 3.32 and a beta of 0.52.

Church & Dwight (NYSE:CHD - Get Free Report) last posted 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 net margin of 9.58% and a return on equity of 20.03%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm posted $0.96 EPS. The company's quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

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.

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