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

Wealth Effects LLC cut its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,202 shares of the company’s stock after selling 99 shares during the quarter. Wealth Effects LLC’s holdings in Church & Dwight were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CHD. Capital Performance Advisors LLP acquired a new position in Church & Dwight in the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in Church & Dwight in the third quarter worth approximately $28,000. Versant Capital Management Inc grew its position in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 184 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Church & Dwight during the second quarter worth $33,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Church & Dwight in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insiders Place Their Bets

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. This represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock worth $62,282,808 over the last three months. 2.00% of the stock is owned by insiders.

Church & Dwight Trading Up 2.9 %

Shares of CHD opened at $109.32 on Tuesday. The company has a market capitalization of $26.78 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The stock has a fifty day moving average of $106.71 and a two-hundred day moving average of $104.07. Church & Dwight Co., Inc. has a fifty-two week low of $96.09 and a fifty-two week high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s revenue was up 3.8% on a year-over-year basis. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Analyst Upgrades and Downgrades

CHD has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, January 17th. TD Cowen upped their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Stifel Nicolaus decreased their price target on Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.61.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. 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.