Handelsbanken Fonder AB lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 20.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 126,082 shares of the company’s stock after selling 32,478 shares during the quarter. Handelsbanken Fonder AB’s holdings in Church & Dwight were worth $10,572,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC boosted its position in shares of Church & Dwight by 4.5% during the 4th quarter. ProShare Advisors LLC now owns 1,847,519 shares of the company’s stock worth $154,914,000 after purchasing an additional 79,752 shares during the period. North Dakota State Investment Board purchased a new position in shares of Church & Dwight during the 4th quarter worth approximately $708,000. Elyxium Wealth LLC purchased a new position in shares of Church & Dwight during the 4th quarter worth approximately $26,000. Stephens Inc. AR boosted its position in shares of Church & Dwight by 16.6% during the 4th quarter. Stephens Inc. AR now owns 27,357 shares of the company’s stock worth $2,294,000 after purchasing an additional 3,900 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in shares of Church & Dwight during the 4th quarter worth approximately $268,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Stock Performance
Shares of CHD stock opened at $95.59 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.04. The stock has a market capitalization of $22.65 billion, a PE ratio of 31.44, a P/E/G ratio of 3.49 and a beta of 0.48. The firm has a 50 day moving average of $94.95 and a two-hundred day moving average of $92.17.
Church & Dwight Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. Church & Dwight’s dividend payout ratio (DPR) is currently 40.46%.
Insider Buying and Selling
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $100.58, for a total value of $704,060.00. Following the completion of the transaction, the director owned 30,070 shares of the company’s stock, valued at $3,024,440.60. This trade represents a 18.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on CHD shares. UBS Group reaffirmed a “neutral” rating and set a $100.00 price objective (up from $98.00) on shares of Church & Dwight in a research report on Monday, May 4th. Barclays lowered their price objective on shares of Church & Dwight from $85.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, April 14th. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $105.00 price objective on shares of Church & Dwight and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen cut shares of Church & Dwight from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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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