Church & Dwight Co., Inc. (NYSE:CHD) Stock Position Cut by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,762 shares of the company's stock after selling 3,722 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Church & Dwight were worth $1,845,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IAG Wealth Partners LLC grew 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 buying an additional 130 shares during the period. Bernard Wealth Management Corp. purchased a new position in shares of Church & Dwight in the fourth quarter valued at $40,000. Versant Capital Management Inc boosted its stake in shares of Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the period. Banque Transatlantique SA purchased a new position in shares of Church & Dwight in the fourth quarter valued at $46,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Church & Dwight by 50.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company's stock valued at $60,000 after purchasing an additional 193 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHD. Wall Street Zen upgraded shares of Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday. TD Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a research note on Tuesday, May 6th. Wells Fargo & Company upped their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Morgan Stanley decreased their target price on shares of 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. Finally, Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Two research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $108.67.

Church & Dwight Stock Performance

Shares of NYSE:CHD traded down $0.87 on Tuesday, reaching $96.08. 1,843,018 shares of the company's stock were exchanged, compared to its average volume of 1,756,642. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 3.89 and a beta of 0.52. Church & Dwight Co., Inc. has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The business's 50-day moving average is $97.42 and its two-hundred day moving average is $103.29. 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 issued its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The firm's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. As a group, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.23%. Church & Dwight's dividend payout ratio (DPR) is presently 50.64%.

Insider Buying and Selling

In related news, EVP Carlen Hooker sold 11,875 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $98.75, for a total value of $1,172,656.25. Following the sale, the executive vice president now owns 262 shares of the company's stock, valued at $25,872.50. This trade represents a 97.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Penry W. Price sold 14,660 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 27,043 shares of the company's stock, valued at $2,518,514.59. This represents a 35.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,575 shares of company stock valued at $4,910,586 in the last quarter. Company insiders own 1.20% of the company's stock.

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.