Church & Dwight Company, Inc. (CHD) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 6.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 39,687 shares of the company’s stock after selling 2,722 shares during the period. Private Advisor Group LLC’s holdings in Church & Dwight were worth $1,870,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. NGAM Advisors L.P. increased its position in shares of Church & Dwight by 0.9% during the second quarter. NGAM Advisors L.P. now owns 51,912 shares of the company’s stock valued at $2,693,000 after acquiring an additional 479 shares in the last quarter. Sei Investments Co. increased its position in shares of Church & Dwight by 54.3% during the second quarter. Sei Investments Co. now owns 131,363 shares of the company’s stock valued at $6,815,000 after acquiring an additional 46,245 shares in the last quarter. IFP Advisors Inc increased its position in shares of Church & Dwight by 57.9% during the second quarter. IFP Advisors Inc now owns 7,279 shares of the company’s stock valued at $378,000 after acquiring an additional 2,669 shares in the last quarter. Advisor Partners LLC increased its position in shares of Church & Dwight by 26.0% during the second quarter. Advisor Partners LLC now owns 6,115 shares of the company’s stock valued at $317,000 after acquiring an additional 1,262 shares in the last quarter. Finally, Legacy Capital Partners Inc. increased its position in shares of Church & Dwight by 5.0% during the second quarter. Legacy Capital Partners Inc. now owns 48,607 shares of the company’s stock valued at $2,522,000 after acquiring an additional 2,301 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

In other Church & Dwight news, CEO Matthew Farrell acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $43.83 per share, with a total value of $219,150.00. Following the transaction, the chief executive officer now directly owns 103,685 shares in the company, valued at approximately $4,544,513.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Richard A. Dierker acquired 1,146 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average cost of $43.66 per share, with a total value of $50,034.36. Following the transaction, the chief financial officer now owns 6,411 shares in the company, valued at $279,904.26. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 6,546 shares of company stock valued at $288,772. 2.00% of the stock is currently owned by insiders.

Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at $47.79 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.05 and a quick ratio of 0.70. Church & Dwight Company, Inc. has a 1 year low of $43.21 and a 1 year high of $54.18. The company has a market cap of $12,066.39, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 2.82 and a beta of 0.56.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The business had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. equities analysts expect that Church & Dwight Company, Inc. will post 1.92 earnings per share for the current year.

Church & Dwight announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Tuesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 43.68%.

Several equities research analysts recently weighed in on CHD shares. Jefferies Group reduced their price target on shares of Church & Dwight from $63.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Societe Generale raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Oppenheimer reissued a “hold” rating on shares of Church & Dwight in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, KeyCorp reissued a “hold” rating on shares of Church & Dwight in a research report on Monday, October 16th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $49.83.

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Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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

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