ProShare Advisors LLC Sells 91,681 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

ProShare Advisors LLC reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 5.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,691,731 shares of the company’s stock after selling 91,681 shares during the quarter. ProShare Advisors LLC owned 0.69% of Church & Dwight worth $175,399,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CHD. Nomura Holdings Inc. grew its position in shares of Church & Dwight by 442.1% during the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after acquiring an additional 11,538 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Church & Dwight by 13.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after purchasing an additional 39,695 shares during the period. Russell Investments Group Ltd. increased its position in Church & Dwight by 12.8% in the first quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after buying an additional 23,754 shares during the last quarter. Cim LLC bought a new stake in shares of Church & Dwight in the fourth quarter valued at $3,188,000. Finally, UBS Group AG lifted its position in shares of Church & Dwight by 16.1% during the 4th quarter. UBS Group AG now owns 619,433 shares of the company’s stock valued at $58,574,000 after buying an additional 86,045 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $429,179.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CHD shares. Evercore ISI lowered their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. BNP Paribas began coverage on shares of Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 price target on the stock. Barclays lifted their price objective on shares of Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Truist Financial dropped their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, TD Cowen assumed coverage on Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target for the company. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.58.

Church & Dwight Stock Performance

NYSE CHD opened at $103.40 on Friday. The company has a market capitalization of $25.28 billion, a P/E ratio of 32.83, a P/E/G ratio of 3.55 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $110.31. The company has a fifty day moving average of $102.00 and a 200-day moving average of $104.23.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. As a group, equities research analysts predict that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 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.