Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by LongView Wealth Management

LongView Wealth Management lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 6.7% during the first quarter, HoldingsChannel reports. The firm owned 14,304 shares of the company’s stock after selling 1,025 shares during the period. LongView Wealth Management’s holdings in Church & Dwight were worth $1,492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Game Plan Financial Advisors LLC purchased a new stake in shares of Church & Dwight in the first quarter valued at $26,000. Chilton Capital Management LLC boosted its position in Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares during the period. Roble Belko & Company Inc purchased a new position in Church & Dwight during the 1st quarter valued at about $31,000. Creekmur Asset Management LLC acquired a new position in shares of Church & Dwight in the 4th quarter valued at about $32,000. Finally, Annapolis Financial Services LLC lifted its position in shares of Church & Dwight by 2,087.5% in the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after purchasing an additional 334 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Down 0.3 %

Shares of CHD traded down $0.36 during trading hours on Friday, hitting $103.65. 6,988,946 shares of the company were exchanged, compared to its average volume of 1,309,887. The company has a market cap of $25.34 billion, a PE ratio of 32.90, a PEG ratio of 3.41 and a beta of 0.51. The firm’s 50 day moving average is $106.79 and its 200-day moving average is $101.90. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.14 annualized dividend and a yield of 1.10%. Church & Dwight’s payout ratio is 35.87%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CHD. Oppenheimer upped their price objective on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. BNP Paribas initiated coverage on Church & Dwight in a research report on Monday. They set a “neutral” rating and a $114.00 price objective for the company. HSBC boosted their target price on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Argus boosted their target price on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, JPMorgan Chase & Co. lowered their target price on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $106.65.

Insider Activity at Church & Dwight

In related news, Director Penry W. Price sold 7,752 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the completion of the sale, the director now owns 25,692 shares in the company, valued at approximately $2,709,735.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the transaction, the director now owns 25,692 shares of the company’s stock, valued at approximately $2,709,735.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock worth $19,465,948 in the last 90 days. 2.00% of the stock is owned by company insiders.

Church & Dwight 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 cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.