Forum Financial Management LP Grows Position in Church & Dwight Co., Inc. (NYSE:CHD)

Forum Financial Management LP increased its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 97.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,648 shares of the company's stock after buying an additional 2,785 shares during the quarter. Forum Financial Management LP's holdings in Church & Dwight were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. IAG Wealth Partners LLC increased its holdings in Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Church & Dwight in the first quarter valued at about $40,000. Versant Capital Management Inc increased 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 buying an additional 112 shares during the period. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight in the fourth quarter valued at about $40,000. Finally, Chilton Capital Management LLC increased its stake in shares of Church & Dwight by 90.9% in the first quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock valued at $46,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity

In related news, EVP Carlen Hooker sold 11,875 shares of the business's 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 transaction, the executive vice president directly owned 262 shares of the company's stock, valued at approximately $25,872.50. The trade was a 97.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the transaction, the director owned 13,747 shares in the company, valued at approximately $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,575 shares of company stock worth $4,910,586. Company insiders own 2.00% of the company's stock.

Church & Dwight Stock Down 0.5%

Shares of NYSE CHD traded down $0.51 during mid-day trading on Friday, reaching $96.52. 1,983,004 shares of the company's stock traded hands, compared to its average volume of 1,772,473. The stock has a market cap of $23.77 billion, a P/E ratio of 41.43, a PEG ratio of 3.88 and a beta of 0.51. The business has a 50-day simple moving average of $97.08 and a 200 day simple moving average of $102.21. Church & Dwight Co., Inc. has a 1-year low of $90.99 and a 1-year high of $116.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.43.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. On average, analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.295 per share. 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 50.64%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Oppenheimer decreased their price objective on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. UBS Group increased their price target on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a report on Thursday. Barclays decreased their price target on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Finally, Evercore ISI decreased their price target on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $104.44.

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.