Williams Jones & Associates LLC Lowers Position in Church & Dwight Co., Inc. (NYSE:CHD)

Williams Jones & Associates LLC lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 0.5% during the first quarter, HoldingsChannel.com reports. The firm owned 55,886 shares of the company’s stock after selling 300 shares during the period. Williams Jones & Associates LLC’s holdings in Church & Dwight were worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Cordasco Financial Network purchased a new position in Church & Dwight in the 1st quarter valued at approximately $28,000. Pinnacle Bank purchased a new position in shares of Church & Dwight during the 4th quarter valued at $33,000. Berman Capital Advisors LLC purchased a new position in shares of Church & Dwight during the 4th quarter valued at $34,000. Baystate Wealth Management LLC grew its position in shares of Church & Dwight by 332.3% during the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock valued at $39,000 after purchasing an additional 412 shares in the last quarter. Finally, Private Ocean LLC purchased a new position in shares of Church & Dwight during the 1st quarter valued at $41,000. 82.11% of the stock is currently owned by institutional investors.

NYSE:CHD traded up $0.25 during midday trading on Wednesday, hitting $76.94. The company had a trading volume of 548,655 shares, compared to its average volume of 1,628,498. Church & Dwight Co., Inc. has a 52-week low of $48.46 and a 52-week high of $79.22. The firm has a market capitalization of $19.20 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 3.67 and a beta of 0.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.45 and a current ratio of 0.81.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, May 2nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04. Church & Dwight had a net margin of 14.02% and a return on equity of 24.62%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 2.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a $0.2275 dividend. This represents a $0.91 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s dividend payout ratio is presently 40.09%.

A number of research analysts have recently commented on CHD shares. Zacks Investment Research upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. Credit Suisse Group started coverage on shares of Church & Dwight in a research report on Wednesday, March 6th. They set a “neutral” rating and a $65.00 price target for the company. Wells Fargo & Co restated a “hold” rating and set a $70.00 price target on shares of Church & Dwight in a research report on Thursday, May 2nd. Bank of America upgraded shares of Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 price target for the company in a research report on Friday, March 29th. Finally, Oppenheimer boosted their price target on shares of Church & Dwight from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.94.

In other Church & Dwight news, Director Arthur B. Winkleblack sold 48,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $73.19, for a total value of $3,513,120.00. Following the completion of the sale, the director now directly owns 240,606 shares of the company’s stock, valued at $17,609,953.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 14,500 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $74.21, for a total transaction of $1,076,045.00. Following the completion of the sale, the executive vice president now directly owns 38,766 shares of the company’s stock, valued at $2,876,824.86. The disclosure for this sale can be found here. Insiders sold 159,516 shares of company stock valued at $11,866,800 over the last three months. 2.00% of the stock is currently owned by insiders.

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Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and 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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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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