Church & Dwight Co., Inc. (CHD) Shares Sold by QS Investors LLC
QS Investors LLC decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,518 shares of the company’s stock after selling 3,412 shares during the period. QS Investors LLC’s holdings in Church & Dwight were worth $6,874,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Berman Capital Advisors LLC acquired a new position in shares of Church & Dwight in the 4th quarter worth approximately $34,000. Financial Gravity Companies Inc. acquired a new position in shares of Church & Dwight in the 4th quarter worth approximately $47,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Church & Dwight by 27.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock worth $48,000 after purchasing an additional 157 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Church & Dwight by 59.4% in the 4th quarter. Whittier Trust Co. now owns 778 shares of the company’s stock worth $51,000 after purchasing an additional 290 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Church & Dwight in the 4th quarter worth approximately $60,000. 81.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CHD opened at $67.40 on Friday. Church & Dwight Co., Inc. has a one year low of $44.87 and a one year high of $69.49. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 3.24 and a beta of 0.22. The company has a quick ratio of 0.52, a current ratio of 0.81 and a debt-to-equity ratio of 0.61.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were issued a dividend of $0.2275 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.22. This represents a $0.91 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 40.09%.
Several brokerages have recently issued reports on CHD. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, November 20th. Barclays reaffirmed a “sell” rating and issued a $56.00 price objective on shares of Church & Dwight in a research note on Thursday, February 7th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Church & Dwight in a research note on Thursday, February 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $73.00 price objective on shares of Church & Dwight in a research note on Wednesday, February 6th. Finally, Goldman Sachs Group raised shares of Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 price objective on the stock in a research note on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $62.23.
In related news, EVP Maynadier Patrick D. De sold 139,320 shares of the firm’s stock in a transaction that occurred on Monday, January 14th. The shares were sold at an average price of $66.72, for a total transaction of $9,295,430.40. Following the completion of the sale, the executive vice president now directly owns 40,650 shares in the company, valued at $2,712,168. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Richard A. Dierker sold 16,880 shares of the firm’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $66.25, for a total transaction of $1,118,300.00. Following the sale, the vice president now owns 18,776 shares of the company’s stock, valued at $1,243,910. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
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Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers baking soda, cat litter, carpet deodorization, and laundry detergent under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergent, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH; and home pregnancy and ovulation test kits under the FIRST RESPONSE brand.
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