PNC Financial Services Group Inc. cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 511,447 shares of the company’s stock after selling 6,238 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Church & Dwight were worth $42,885,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in Church & Dwight by 215.6% during the 3rd quarter. Bessemer Group Inc. now owns 13,667 shares of the company’s stock worth $1,197,000 after purchasing an additional 9,337 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Church & Dwight by 3.0% in the 3rd 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 during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Church & Dwight by 51.3% in the 3rd 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 during the last quarter. Citigroup Inc. increased its holdings in shares of Church & Dwight by 19.1% in the 3rd 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 during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Church & Dwight by 11.1% in the 3rd 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 during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Trading Down 0.6%
NYSE:CHD opened at $95.59 on Friday. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $106.04. The firm has a market capitalization of $22.65 billion, a P/E ratio of 31.44, a P/E/G ratio of 3.49 and a beta of 0.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.81. The business has a 50 day simple moving average of $94.95 and a 200 day simple moving average of $92.17.
Church & Dwight Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.3075 per share. The ex-dividend date is Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. Church & Dwight’s payout ratio is currently 40.46%.
Insider Transactions at Church & Dwight
In related news, Director Penry W. Price sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total transaction of $704,060.00. Following the completion of the transaction, the director owned 30,070 shares in the company, valued at $3,024,440.60. The trade was a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
CHD has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $109.00 price target on shares of Church & Dwight in a report on Monday, May 4th. UBS Group reiterated a “neutral” rating and issued a $100.00 price target (up from $98.00) on shares of Church & Dwight in a report on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $114.00 price target (up from $112.00) on shares of Church & Dwight in a report on Monday, May 4th. Morgan Stanley set a $105.00 price target on Church & Dwight and gave the company an “equal weight” rating in a report on Monday, February 2nd. Finally, Citigroup reiterated a “neutral” rating and issued a $100.00 price target (up from $87.00) on shares of Church & Dwight in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.53.
Get Our Latest Research Report on Church & Dwight
About Church & Dwight
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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