LGT Capital Partners LTD. increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 10.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 620,692 shares of the company’s stock after acquiring an additional 58,800 shares during the period. Church & Dwight makes up approximately 2.6% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 15th biggest position. LGT Capital Partners LTD.’s holdings in Church & Dwight were worth $52,045,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Church & Dwight by 215.6% in the 3rd quarter. Bessemer Group Inc. now owns 13,667 shares of the company’s stock valued at $1,197,000 after purchasing an additional 9,337 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 175,960 shares in the last quarter. Citigroup Inc. boosted its stake 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 purchasing an additional 95,423 shares in the last quarter. Fisher Asset Management LLC boosted its stake 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 purchasing an additional 31,976 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake 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 purchasing an additional 176,037 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Down 1.5%
NYSE:CHD opened at $95.28 on Tuesday. The company has a fifty day moving average of $94.93 and a 200 day moving average of $93.07. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.04. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $22.58 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 0.47.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 15th. Church & Dwight’s dividend payout ratio is currently 40.46%.
Insider Buying and Selling
In related news, Director Penry W. Price sold 5,960 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $94.86, for a total transaction of $565,365.60. Following the completion of the sale, the director directly owned 30,070 shares in the company, valued at $2,852,440.20. This represents a 16.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.
Analyst Ratings Changes
CHD has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $111.00 price objective on shares of Church & Dwight in a research note on Friday, May 29th. Wells Fargo & Company cut their price objective on shares of Church & Dwight from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Evercore set a $105.00 price objective on shares of Church & Dwight in a research note on Monday, May 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $114.00 price objective on shares of Church & Dwight in a research note on Monday, June 1st. Finally, Wall Street Zen cut shares of Church & Dwight from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $102.59.
View 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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