MinichMacGregor Wealth Management LLC Purchases New Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

MinichMacGregor Wealth Management LLC acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 68,770 shares of the company's stock, valued at approximately $7,571,000. Church & Dwight comprises approximately 1.7% of MinichMacGregor Wealth Management LLC's investment portfolio, making the stock its 21st largest position.

Several other large investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC lifted its stake in shares of Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after acquiring an additional 130 shares during the period. Versant Capital Management Inc raised its holdings in Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after purchasing an additional 112 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in Church & Dwight during the 4th quarter valued at about $40,000. Banque Transatlantique SA acquired a new position in Church & Dwight during 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 and hedge funds own 86.60% of the company's stock.

Insiders Place Their Bets

In other Church & Dwight news, EVP Michael Read acquired 3,000 shares of Church & Dwight stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the purchase, the executive vice president now directly owns 5,505 shares in the company, valued at approximately $506,845.35. This represents a 119.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Carlen Hooker sold 6,380 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $98.30, for a total value of $627,154.00. Following the completion of the transaction, the executive vice president now owns 262 shares of the company's stock, valued at $25,754.60. The trade was a 96.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,575 shares of company stock valued at $4,910,586 in the last quarter. 2.00% of the stock is currently owned by insiders.

Church & Dwight Stock Up 0.6%

Church & Dwight stock opened at $96.42 on Friday. The company has a 50 day moving average of $97.77 and a 200-day moving average of $103.46. 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 Co., Inc. has a twelve month low of $90.99 and a twelve month high of $116.46. The stock has a market capitalization of $23.75 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 3.87 and a beta of 0.52.

Church & Dwight (NYSE:CHD - Get Free Report) last announced 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 firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.52 billion. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

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 $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's payout ratio is 50.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CHD shares. Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Evercore ISI dropped their target price on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company raised their price target on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Royal Bank Of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Finally, Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and a consensus target price of $108.67.

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.

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