KWB Wealth Sells 241 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

KWB Wealth reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,294 shares of the company’s stock after selling 241 shares during the quarter. KWB Wealth’s holdings in Church & Dwight were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in shares of Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after acquiring an additional 1,217,568 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Church & Dwight by 4,161.5% in the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after acquiring an additional 1,074,588 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Church & Dwight in the 3rd quarter valued at about $104,795,000. State Street Corp increased its stake in shares of Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after acquiring an additional 969,006 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Church & Dwight in the 3rd quarter valued at about $58,338,000. 86.60% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This represents a 72.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 593,035 shares of company stock valued at $62,282,808. 2.00% of the stock is owned by insiders.

Church & Dwight Trading Up 2.3 %

NYSE:CHD opened at $105.20 on Wednesday. Church & Dwight Co., Inc. has a twelve month low of $96.09 and a twelve month high of $113.50. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $106.82 and a two-hundred day moving average price of $104.04. The company has a market cap of $25.77 billion, a P/E ratio of 47.17, a price-to-earnings-growth ratio of 3.86 and a beta of 0.58.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. The business’s revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, November 15th. Church & Dwight’s payout ratio is presently 50.67%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHD shares. Wells Fargo & Company upped their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Piper Sandler upped their price target on Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Finally, Barclays decreased their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $110.00.

About Church & Dwight

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.