State of Alaska Department of Revenue raised its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 895.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,094 shares of the company’s stock after acquiring an additional 207,877 shares during the quarter. State of Alaska Department of Revenue’s holdings in Church & Dwight were worth $21,774,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Arkadios Wealth Advisors boosted its position in Church & Dwight by 5.3% during the first quarter. Arkadios Wealth Advisors now owns 2,692 shares of the company’s stock worth $251,000 after purchasing an additional 136 shares in the last quarter. Sovereign Financial Group Inc. increased its position in shares of Church & Dwight by 0.8% in the first quarter. Sovereign Financial Group Inc. now owns 18,043 shares of the company’s stock valued at $1,684,000 after buying an additional 139 shares in the last quarter. OLD National Bancorp IN increased its position in shares of Church & Dwight by 2.0% in the first quarter. OLD National Bancorp IN now owns 7,633 shares of the company’s stock valued at $712,000 after buying an additional 150 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Church & Dwight by 3.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,222 shares of the company’s stock valued at $506,000 after buying an additional 153 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Church & Dwight by 0.4% during the 1st quarter. Keybank National Association OH now owns 35,870 shares of the company’s stock worth $3,347,000 after buying an additional 156 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Price Performance
Shares of NYSE CHD traded up $0.26 during midday trading on Thursday, hitting $102.89. The stock had a trading volume of 960,737 shares, compared to its average volume of 2,053,115. The company has a quick ratio of 0.69, a current ratio of 1.15 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $98.16 and a 200-day simple moving average of $96.92. The company has a market capitalization of $24.41 billion, a PE ratio of 33.06, a P/E/G ratio of 3.56 and a beta of 0.49. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $106.04.
Church & Dwight Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Church & Dwight’s payout ratio is 39.55%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on CHD shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Church & Dwight in a research report on Wednesday. TD Cowen set a $97.00 price target on shares of Church & Dwight and gave the stock a “hold” rating in a report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and set a $115.00 price objective on shares of Church & Dwight in a research report on Monday, August 3rd. Morgan Stanley set a $112.00 price objective on shares of Church & Dwight in a research report on Monday, August 3rd. Finally, Citigroup reaffirmed a “neutral” rating and set a $105.00 price objective (up from $100.00) on shares of Church & Dwight in a report on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $104.00.
Check Out Our Latest Research Report on CHD
Insider Buying and Selling at Church & Dwight
In other news, EVP Rene Hemsey sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $102.25, for a total value of $511,250.00. Following the transaction, the executive vice president directly owned 8,086 shares of the company’s stock, valued at approximately $826,793.50. This trade represents a 38.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Carlos G. Linares sold 15,375 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $103.00, for a total transaction of $1,583,625.00. Following the sale, the executive vice president directly owned 4,668 shares of the company’s stock, valued at approximately $480,804. This represents a 76.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 53,250 shares of company stock worth $5,462,048. Company insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
Church & Dwight Co, Inc is a consumer packaged goods company best known for its Arm & Hammer brand. Founded in 1846, the company began by marketing baking soda and has expanded into a broad portfolio of household, personal care and specialty products.
Its consumer products include laundry detergents and additives, cat litter, cleaning products, oral care items, personal care products, condoms and pregnancy tests, vitamins and supplements, hair-care products, depilatories and water flossers.
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