Tokio Marine Asset Management Co. Ltd. Reduces Position in Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Tokio Marine Asset Management Co. Ltd. reduced its stake in Church & Dwight Co., Inc. by 5.8%, selling 6,868 shares during the 1st quarter, leaving them with 111,499 shares valued at approximately $12.3 million.
• Church & Dwight reported quarterly earnings of $0.94 EPS, exceeding analysts' expectations of $0.85, with a revenue of $1.51 billion for the quarter.
• The company announced a quarterly dividend of $0.295 per share, which will be paid on September 2nd, representing an annualized yield of 1.3%.

Tokio Marine Asset Management Co. Ltd. trimmed its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,499 shares of the company's stock after selling 6,868 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Church & Dwight were worth $12,275,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. IAG Wealth Partners LLC raised its holdings in shares of Church & Dwight by 92.9% during the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after buying an additional 130 shares during the period. Wayfinding Financial LLC acquired a new stake in Church & Dwight during the 1st quarter valued at approximately $40,000. Versant Capital Management Inc grew its stake in Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in Church & Dwight during the 4th quarter valued at approximately $42,000. Finally, Chilton Capital Management LLC grew its stake in Church & Dwight by 90.9% during the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Carlen Hooker sold 6,380 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total value of $627,154.00. Following the sale, the executive vice president owned 262 shares of the company's stock, valued at approximately $25,754.60. The trade was a 96.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the sale, the director directly owned 13,747 shares in the company, valued at $1,360,953. This represents a 51.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 12,879 shares of company stock worth $1,177,702 and have sold 35,915 shares worth $3,545,300. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

Church & Dwight stock traded down $0.14 during mid-day trading on Friday, hitting $92.46. 1,962,176 shares of the company's stock traded hands, compared to its average volume of 2,429,810. The firm has a 50 day moving average price of $96.00 and a 200 day moving average price of $100.71. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. The company has a market cap of $22.52 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 3.82 and a beta of 0.43. Church & Dwight Co., Inc. has a one year low of $90.50 and a one year high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The firm's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight's payout ratio is currently 55.66%.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of recent analyst reports. TD Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a research note on Tuesday, May 6th. UBS Group lifted their target price on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Morgan Stanley decreased their target price on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Evercore ISI decreased their target price on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research report on Monday, August 4th. Finally, Redburn Partners set a $83.00 target price on Church & Dwight in a research report on Monday, July 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Church & Dwight has an average rating of "Hold" and an average price target of $103.94.

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.