JGP Wealth Management LLC Sells 8,221 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

JGP Wealth Management LLC trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 11.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,150 shares of the company's stock after selling 8,221 shares during the quarter. JGP Wealth Management LLC's holdings in Church & Dwight were worth $7,172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CHD. Vanguard Group Inc. boosted its holdings in shares of Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock worth $3,213,661,000 after acquiring an additional 193,602 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after buying an additional 1,190,154 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Church & Dwight by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after acquiring an additional 148,234 shares during the period. Stifel Financial Corp boosted its holdings in Church & Dwight by 0.5% in the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock valued at $451,975,000 after purchasing an additional 20,887 shares during the period. Finally, Norges Bank bought a new position in Church & Dwight in the 4th quarter valued at $318,532,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Evercore ISI cut 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. Wall Street Zen downgraded shares of Church & Dwight from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. UBS Group lowered their price objective on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Oppenheimer lowered their price objective on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company raised their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Church & Dwight currently has an average rating of "Hold" and an average target price of $110.00.

Insider Activity at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carlen Hooker sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $98.05, for a total transaction of $294,150.00. Following the sale, the executive vice president now directly owns 262 shares in the company, valued at $25,689.10. The trade was a 91.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,765 shares of company stock worth $11,821,881 over the last 90 days. 2.00% of the stock is owned by company insiders.

Church & Dwight Trading Down 0.5%

Shares of CHD stock traded down $0.46 during mid-day trading on Thursday, reaching $99.17. The stock had a trading volume of 679,231 shares, compared to its average volume of 1,698,182. The stock's 50-day moving average price is $99.56 and its two-hundred day moving average price is $104.58. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The firm has a market capitalization of $24.42 billion, a PE ratio of 41.84, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $1.52 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. Church & Dwight's quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

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.