Wealthstar Advisors LLC Trims Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Wealthstar Advisors LLC lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 66.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,189 shares of the company's stock after selling 10,110 shares during the period. Wealthstar Advisors LLC's holdings in Church & Dwight were worth $571,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. KBC Group NV grew its stake in Church & Dwight by 205.2% during the first quarter. KBC Group NV now owns 308,502 shares of the company's stock valued at $33,963,000 after acquiring an additional 207,429 shares in the last quarter. Sovran Advisors LLC grew its stake in Church & Dwight by 49.7% during the first quarter. Sovran Advisors LLC now owns 6,016 shares of the company's stock valued at $634,000 after acquiring an additional 1,998 shares in the last quarter. BSW Wealth Partners purchased a new position in Church & Dwight during the first quarter valued at approximately $209,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Church & Dwight by 9.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company's stock valued at $4,137,000 after acquiring an additional 3,254 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in Church & Dwight by 35.9% during the first quarter. Illinois Municipal Retirement Fund now owns 137,511 shares of the company's stock valued at $15,139,000 after acquiring an additional 36,318 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insider Activity at Church & Dwight

In related news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company's stock in a transaction on 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 sale, the director now directly owns 13,747 shares in the company, valued at $1,360,953. This represents a 51.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard A. Dierker purchased 7,950 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of $94.66 per share, with a total value of $752,547.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,358 shares in the company, valued at $1,548,448.28. The trade was a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 50,575 shares of company stock worth $4,910,586 in the last three months. 2.00% of the stock is owned by insiders.

Church & Dwight Trading Down 0.1%

Shares of CHD opened at $94.84 on Friday. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 3.80 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. Church & Dwight Co., Inc. has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The firm has a 50 day moving average price of $96.85 and a 200-day moving average price of $103.06.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data 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. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $0.96 EPS. The business's quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.24%. Church & Dwight's dividend payout ratio is currently 50.64%.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price target on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. UBS Group cut their price target on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Oppenheimer cut their price target on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. 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 research note on Friday, May 2nd. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Church & Dwight currently has an average rating of "Hold" and an average price target of $108.29.

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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