TCI Wealth Advisors Inc. Buys New Position in Church & Dwight Co., Inc. (NYSE:CHD)

TCI Wealth Advisors Inc. bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,023 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Church & Dwight in the fourth quarter worth approximately $318,532,000. JPMorgan Chase & Co. boosted its holdings in Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after acquiring an additional 1,190,154 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Church & Dwight by 12,489.8% in the first quarter. GAMMA Investing LLC now owns 861,895 shares of the company’s stock worth $94,886,000 after acquiring an additional 855,049 shares in the last quarter. Raymond James Financial Inc. bought a new position in Church & Dwight in the fourth quarter worth approximately $76,565,000. Finally, Ceredex Value Advisors LLC bought a new position in Church & Dwight in the fourth quarter worth approximately $49,504,000. Institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the transaction, the director now directly owns 13,747 shares of the company’s stock, valued at approximately $1,360,953. This represents a 51.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carlen Hooker sold 3,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $98.05, for a total value of $294,150.00. Following the transaction, the executive vice president now directly owns 262 shares of the company’s stock, valued at approximately $25,689.10. This trade represents a 91.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,575 shares of company stock valued at $4,910,586. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on CHD shares. UBS Group cut their price target on Church & Dwight from $110.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Bank of America upgraded Church & Dwight from a “neutral” rating to a “buy” rating and increased their price target for the stock from $112.00 to $125.00 in a report on Tuesday, April 15th. Oppenheimer cut their price target on Church & Dwight from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Morgan Stanley lowered their price objective on Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th. Finally, Evercore ISI lowered their price objective on Church & Dwight from $106.00 to $102.00 and set an “in-line” rating for the company in a research note on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $108.67.

Church & Dwight Stock Performance

Shares of CHD opened at $95.83 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $23.60 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 3.85 and a beta of 0.52. The stock has a 50 day moving average of $97.93 and a 200 day moving average of $103.59. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. Church & Dwight’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, May 15th. Church & Dwight’s payout ratio is 50.64%.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.