Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 50.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,161 shares of the company's stock after selling 12,364 shares during the period. First Hawaiian Bank's holdings in Church & Dwight were worth $1,339,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Church & Dwight during the 4th quarter valued at about $318,532,000. JPMorgan Chase & Co. raised its position 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 in the last quarter. Raymond James Financial Inc. bought a new position in Church & Dwight during the 4th quarter valued at about $76,565,000. Ceredex Value Advisors LLC bought a new position in Church & Dwight during the 4th quarter valued at about $49,504,000. Finally, Northern Trust Corp grew its holdings in Church & Dwight by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,018,552 shares of the company's stock valued at $316,073,000 after purchasing an additional 393,068 shares during the last quarter. Institutional investors own 86.60% of the company's stock.

Church & Dwight Price Performance

Shares of NYSE:CHD traded up $1.02 during midday trading on Wednesday, hitting $100.56. The company's stock had a trading volume of 663,306 shares, compared to its average volume of 1,694,019. The business's 50 day simple moving average is $99.75 and its 200 day simple moving average is $104.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company has a market cap of $24.77 billion, a P/E ratio of 42.43, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is presently 50.64%.

Insiders Place Their Bets

In related news, EVP Michael Read purchased 3,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the transaction, the executive vice president now directly owns 5,505 shares in the company, valued at approximately $506,845.35. The trade was a 119.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company's stock, valued at $1,217,442.06. This trade represents a 83.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,765 shares of company stock valued at $11,821,881 over the last ninety days. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

CHD has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Royal Bank of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $100.00 to $114.00 in a research report on Monday. Wall Street Zen cut shares of Church & Dwight from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Evercore ISI decreased their price target on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, UBS Group decreased their price target 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $110.00.

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.