Bokf Na lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 31.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,733 shares of the company’s stock after selling 8,906 shares during the period. Bokf Na’s holdings in Church & Dwight were worth $1,655,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Church & Dwight by 2.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,014 shares of the company’s stock valued at $3,355,000 after purchasing an additional 800 shares during the period. Garner Asset Management Corp purchased a new position in Church & Dwight during the 4th quarter valued at about $128,000. Hemenway Trust Co LLC grew its position in Church & Dwight by 2.3% in the 4th quarter. Hemenway Trust Co LLC now owns 9,491 shares of the company’s stock valued at $796,000 after acquiring an additional 211 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in Church & Dwight during the fourth quarter worth about $75,000. Finally, Montag A & Associates Inc. increased its stake in Church & Dwight by 5.2% during the fourth quarter. Montag A & Associates Inc. now owns 4,030 shares of the company’s stock worth $338,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Stock Performance
NYSE:CHD opened at $93.37 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.81. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.48. The firm’s fifty day moving average price is $96.54 and its 200 day moving average price is $91.54. Church & Dwight Co., Inc. has a 1-year low of $81.33 and a 1-year high of $106.04.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.3075 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is presently 40.46%.
Insiders Place Their Bets
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of Church & Dwight stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total value of $704,060.00. Following the sale, the director owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. The trade was a 18.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Analyst Upgrades and Downgrades
CHD has been the subject of several recent research reports. Citigroup reissued a “neutral” rating and issued a $100.00 price objective (up from $87.00) on shares of Church & Dwight in a research note on Monday, February 2nd. Morgan Stanley set a $105.00 price objective on Church & Dwight and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Evercore set a $105.00 target price on Church & Dwight in a report on Monday. Wall Street Zen cut Church & Dwight from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $98.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.53.
Check Out Our Latest Research Report on Church & Dwight
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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