Palumbo Wealth Management LLC increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 29.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,465 shares of the company's stock after acquiring an additional 6,309 shares during the quarter. Church & Dwight makes up about 1.0% of Palumbo Wealth Management LLC's investment portfolio, making the stock its 27th largest position. Palumbo Wealth Management LLC's holdings in Church & Dwight were worth $3,024,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC lifted its position in shares of Church & Dwight by 92.9% in the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the period. Bernard Wealth Management Corp. purchased a new stake in Church & Dwight during the fourth quarter worth $40,000. Versant Capital Management Inc lifted its holdings in Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after buying an additional 112 shares during the period. Banque Transatlantique SA purchased a new stake in Church & Dwight during the fourth quarter worth $46,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Church & Dwight by 50.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company's stock valued at $60,000 after acquiring an additional 193 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Stock Performance
Church & Dwight stock traded down $0.87 during trading hours on Tuesday, hitting $96.08. 1,843,018 shares of the stock traded hands, compared to its average volume of 1,756,641. The firm's 50 day moving average price is $97.42 and its 200-day moving average price is $103.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.43. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 41.23, a P/E/G ratio of 3.89 and a beta of 0.52. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46.
Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company's revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid 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 payout ratio is currently 50.64%.
Wall Street Analysts Forecast Growth
CHD has been the subject of a number of analyst reports. Royal Bank Of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $100.00 to $114.00 in a research note on Monday, June 2nd. Wall Street Zen upgraded shares of Church & Dwight from a "sell" rating to a "hold" rating in a report on Saturday. Evercore ISI lowered their price target on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. UBS Group cut 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. Finally, Wells Fargo & Company increased their target price 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and an average target price of $108.67.
Read Our Latest Analysis on Church & Dwight
Insider Buying and Selling
In related news, EVP Michael Read purchased 3,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $92.07 per share, with a total value of $276,210.00. Following the transaction, the executive vice president now owns 5,505 shares of the company's stock, valued at approximately $506,845.35. This trade represents a 119.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carlen Hooker sold 11,875 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $98.75, for a total value of $1,172,656.25. Following the completion of the sale, the executive vice president now owns 262 shares in the company, valued at $25,872.50. The trade was a 97.84% 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 over the last 90 days. Insiders own 1.20% of the company's stock.
About Church & Dwight
(
Free Report)
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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