Azzad Asset Management Inc. ADV Sells 393 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Azzad Asset Management Inc. ADV cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,881 shares of the company’s stock after selling 393 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Church & Dwight were worth $2,804,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after acquiring an additional 354,946 shares in the last quarter. Capital International Investors lifted its stake in Church & Dwight by 39.2% during the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after acquiring an additional 2,533,877 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Church & Dwight by 89.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock worth $552,283,000 after purchasing an additional 2,839,783 shares during the period. Morgan Stanley raised its stake in shares of Church & Dwight by 1.9% during the 3rd quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock worth $301,645,000 after purchasing an additional 61,090 shares during the period. Finally, Norges Bank bought a new stake in shares of Church & Dwight during the 4th quarter worth $259,967,000. 86.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CHD shares. Bank of America lifted their target price on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. BNP Paribas started coverage on Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 target price on the stock. Argus lifted their target price on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Oppenheimer boosted their price objective on Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $106.65.

Insider Transactions at Church & Dwight

In other news, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the transaction, the chief financial officer now owns 7,634 shares of the company’s stock, valued at $813,479.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the sale, the director now owns 25,692 shares in the company, valued at approximately $2,709,735.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,346 shares of company stock valued at $19,465,948. 1.40% of the stock is owned by corporate insiders.

Church & Dwight Stock Up 0.0 %

CHD stock opened at $105.48 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $25.79 billion, a PE ratio of 33.49, a PEG ratio of 3.44 and a beta of 0.52. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The stock has a 50-day simple moving average of $106.74 and a two-hundred day simple moving average of $102.20.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.