US Bancorp DE Sells 8,831 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

US Bancorp DE lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,706 shares of the company’s stock after selling 8,831 shares during the period. US Bancorp DE’s holdings in Church & Dwight were worth $7,674,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. IAG Wealth Partners LLC grew 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 valued at $30,000 after buying an additional 130 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Church & Dwight in the 4th quarter valued at about $40,000. Wayfinding Financial LLC acquired a new position in shares of Church & Dwight in the 1st quarter valued at about $40,000. Versant Capital Management Inc lifted its stake in shares of Church & Dwight by 42.1% in 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 during the period. Finally, Banque Transatlantique SA acquired a new position in shares of Church & Dwight in the 4th quarter valued at about $46,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 2.6%

CHD stock opened at $91.54 on Tuesday. Church & Dwight Co., Inc. has a twelve month low of $90.99 and a twelve month high of $116.46. 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 stock’s 50 day moving average is $97.17 and its 200-day moving average is $101.60. The firm has a market capitalization of $22.54 billion, a PE ratio of 43.18, a P/E/G ratio of 3.77 and a beta of 0.43.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.295 per share. 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 dividend payout ratio (DPR) is presently 50.64%.

Wall Street Analyst Weigh In

CHD has been the topic of a number of recent analyst reports. TD Cowen downgraded Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Tuesday, May 6th. Cowen downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Bank of America raised Church & Dwight from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Oppenheimer dropped their price objective on Church & Dwight from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, Redburn Partners set a $83.00 price objective on Church & Dwight in a research note on Monday, July 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.94.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Michael Read purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $92.07 per share, with a total value of $276,210.00. Following the completion of the transaction, the executive vice president owned 5,505 shares of the company’s stock, valued at $506,845.35. The trade was a 119.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total value of $1,451,340.00. Following the sale, the director directly owned 13,747 shares of the company’s stock, valued at $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. 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 ninety days. Insiders own 1.20% of the company’s stock.

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.