HighTower Advisors LLC cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 8.5% in the 4th quarter, Holdings Channel reports. The fund owned 231,233 shares of the company’s stock after selling 21,526 shares during the period. HighTower Advisors LLC’s holdings in Church & Dwight were worth $19,389,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of Church & Dwight by 215.6% during the third quarter. Bessemer Group Inc. now owns 13,667 shares of the company’s stock valued at $1,197,000 after acquiring an additional 9,337 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Church & Dwight by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock valued at $537,736,000 after acquiring an additional 175,960 shares in the last quarter. Citigroup Inc. grew its stake in shares of Church & Dwight by 19.1% during the third quarter. Citigroup Inc. now owns 596,087 shares of the company’s stock valued at $52,235,000 after acquiring an additional 95,423 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Church & Dwight by 51.3% during the third quarter. Fisher Asset Management LLC now owns 94,349 shares of the company’s stock valued at $8,268,000 after acquiring an additional 31,976 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Church & Dwight by 11.1% during the third quarter. ProShare Advisors LLC now owns 1,767,767 shares of the company’s stock valued at $154,909,000 after acquiring an additional 176,037 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Stock Up 0.7%
NYSE:CHD opened at $96.33 on Friday. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 3.49 and a beta of 0.48. Church & Dwight Co., Inc. has a one year low of $81.33 and a one year high of $106.04. The stock has a 50-day simple moving average of $94.89 and a 200 day simple moving average of $92.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22.
Church & Dwight Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.3075 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is currently 40.46%.
Insider Transactions at Church & Dwight
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $100.58, for a total value of $704,060.00. Following the transaction, the director owned 30,070 shares of the company’s stock, valued at $3,024,440.60. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CHD. Citigroup restated a “neutral” rating and set a $100.00 target price (up from $87.00) on shares of Church & Dwight in a research note on Monday, February 2nd. Barclays decreased their price target on Church & Dwight from $85.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. Evercore set a $105.00 price target on Church & Dwight in a research note on Monday, May 4th. Wells Fargo & Company decreased their price target on Church & Dwight from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Wall Street Zen downgraded Church & Dwight from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $102.53.
Check Out Our Latest Stock Analysis on Church & Dwight
Church & Dwight Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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