Gamco Investors INC. ET AL reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 9.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 161,550 shares of the company’s stock after selling 16,800 shares during the period. Gamco Investors INC. ET AL’s holdings in Church & Dwight were worth $13,546,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisory Services Network LLC lifted its stake in shares of Church & Dwight by 0.8% in the second quarter. Advisory Services Network LLC now owns 14,325 shares of the company’s stock worth $1,343,000 after acquiring an additional 116 shares during the period. CVA Family Office LLC lifted its stake in shares of Church & Dwight by 58.1% in the third quarter. CVA Family Office LLC now owns 332 shares of the company’s stock worth $29,000 after acquiring an additional 122 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Church & Dwight by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 3,524 shares of the company’s stock worth $309,000 after acquiring an additional 124 shares during the period. RFG Bristol Wealth Advisors LLC lifted its stake in shares of Church & Dwight by 5.0% in the fourth quarter. RFG Bristol Wealth Advisors LLC now owns 3,023 shares of the company’s stock worth $254,000 after acquiring an additional 143 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Church & Dwight by 3.2% in the third quarter. EverSource Wealth Advisors LLC now owns 4,857 shares of the company’s stock worth $426,000 after acquiring an additional 150 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 opened at $96.74 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $106.04. The stock’s 50 day moving average is $95.28 and its 200-day moving average is $91.91. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 3.41 and a beta of 0.48.
Church & Dwight Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. Church & Dwight’s dividend payout ratio is presently 40.46%.
Insider Buying and Selling at Church & Dwight
In other news, Director Penry W. Price sold 7,000 shares of the company’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 transaction, the director directly owned 30,070 shares of the company’s stock, valued at $3,024,440.60. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $114.00 price target (up from $112.00) on shares of Church & Dwight in a research note on Monday, May 4th. Evercore set a $105.00 price target on Church & Dwight in a research note on Monday, May 4th. UBS Group reissued a “neutral” rating and issued a $100.00 price target (up from $98.00) on shares of Church & Dwight in a research note on Monday, May 4th. Rothschild & Co Redburn set a $91.00 price target on Church & Dwight and gave the company a “neutral” rating in a research note on Friday, February 13th. Finally, Citigroup reissued a “neutral” rating and issued a $100.00 price target (up from $87.00) on shares of Church & Dwight in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus price target of $102.53.
Check Out Our Latest Stock Report on CHD
Church & Dwight Company Profile
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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