Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by TCW Group Inc.

TCW Group Inc. lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 29,384 shares of the company’s stock after selling 286 shares during the quarter. TCW Group Inc.’s holdings in Church & Dwight were worth $2,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cordasco Financial Network bought a new stake in Church & Dwight during the first quarter valued at $28,000. Pinnacle Bank bought a new position in shares of Church & Dwight during the 4th quarter worth about $33,000. 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 worth $39,000 after purchasing an additional 412 shares in the last quarter. Berman Capital Advisors LLC bought a new position in shares of Church & Dwight during the 4th quarter worth about $34,000. Finally, Penserra Capital Management LLC bought a new position in shares of Church & Dwight during the 1st quarter worth about $42,000. 82.11% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Bradley C. Irwin sold 13,172 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $72.58, for a total value of $956,023.76. Following the transaction, the director now owns 49,898 shares of the company’s stock, valued at approximately $3,621,596.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Britta Bomhard sold 27,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $73.43, for a total transaction of $1,982,610.00. Following the completion of the transaction, the vice president now directly owns 32,219 shares in the company, valued at approximately $2,365,841.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,516 shares of company stock worth $11,866,800. 2.00% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a research report on Thursday, May 30th. SunTrust Banks increased their price objective on shares of Church & Dwight to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Atlantic Securities cut shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a research report on Monday, May 13th. BMO Capital Markets increased their price objective on shares of Church & Dwight to $75.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Co reissued a “hold” rating and set a $70.00 price objective on shares of Church & Dwight in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $67.94.

NYSE CHD traded up $0.22 during trading hours on Wednesday, hitting $76.91. The company’s stock had a trading volume of 21,759 shares, compared to its average volume of 1,628,498. Church & Dwight Co., Inc. has a 52 week low of $48.46 and a 52 week high of $79.22. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.67 and a beta of 0.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.45 and a current ratio of 0.81.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. Church & Dwight had a net margin of 14.02% and a return on equity of 24.62%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.2275 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.91 annualized dividend and a yield of 1.18%. Church & Dwight’s payout ratio is 40.09%.

TRADEMARK VIOLATION NOTICE: This report was first reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://transcriptdaily.com/2019/06/12/church-dwight-co-inc-nysechd-shares-sold-by-tcw-group-inc.html.

Church & Dwight Company Profile

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.

Recommended Story: Trade Deficit

Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD).

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

Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.