Wells Fargo & Company MN decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 19.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,159,900 shares of the company’s stock after selling 516,837 shares during the period. Wells Fargo & Company MN’s holdings in Church & Dwight were worth $153,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Cordasco Financial Network bought a new position in shares of Church & Dwight during the 1st quarter valued at about $28,000. Pinnacle Bank bought a new position in shares of Church & Dwight during the 4th quarter valued at about $33,000. Berman Capital Advisors LLC bought a new position in shares of Church & Dwight during the 4th quarter valued at about $34,000. Baystate Wealth Management LLC boosted 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 bought a new position in shares of Church & Dwight during the 1st quarter valued at about $41,000. Institutional investors own 82.13% of the company’s stock.

CHD stock traded down $0.46 during mid-day trading on Friday, reaching $74.41. 1,363,917 shares of the stock traded hands, compared to its average volume of 1,208,345. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 0.60. Church & Dwight Co., Inc. has a 52-week low of $46.32 and a 52-week high of $75.49. The firm has a market capitalization of $18.43 billion, a PE ratio of 32.78, a P/E/G ratio of 3.52 and a beta of 0.24.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is presently 40.09%.

Several equities analysts have recently weighed in 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 objective for the company. Wells Fargo & Co restated a “hold” rating and set a $70.00 price objective 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 objective for the company in a research report on Friday, March 29th. Finally, Deutsche Bank upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 price objective for the company in a research report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and an average target price of $67.94.

In other news, VP Richard A. Dierker sold 12,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $74.35, for a total value of $892,200.00. Following the completion of the sale, the vice president now directly owns 19,589 shares of the company’s stock, valued at $1,456,442.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur B. Winkleblack sold 48,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $73.19, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 126,432 shares of company stock valued at $9,294,002 over the last ninety days. Insiders own 2.00% of the company’s stock.

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About Church & Dwight

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.

Further Reading: Intrinsic Value

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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