Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,685 shares of the company’s stock after selling 3,399 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Church & Dwight were worth $2,585,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. CWA Asset Management Group LLC boosted its holdings in Church & Dwight by 43.6% in the fourth quarter. CWA Asset Management Group LLC now owns 3,308 shares of the company’s stock valued at $346,000 after acquiring an additional 1,005 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Church & Dwight by 4.7% in the 4th quarter. Nordea Investment Management AB now owns 18,673 shares of the company’s stock valued at $1,957,000 after purchasing an additional 840 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Church & Dwight by 40.0% during the 4th quarter. GAMMA Investing LLC now owns 6,846 shares of the company’s stock worth $717,000 after purchasing an additional 1,956 shares during the period. Versant Capital Management Inc increased its position in Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in Church & Dwight in the third quarter valued at approximately $5,934,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHD shares. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Barclays reduced their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. TD Cowen increased their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $110.00.

Insider Transactions at Church & Dwight

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the sale, the director now owns 7,129 shares of the company’s stock, valued at $740,275.36. This trade represents a 61.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 593,035 shares of company stock worth $62,282,808. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Trading Up 2.3 %

CHD opened at $105.20 on Wednesday. Church & Dwight Co., Inc. has a 12-month low of $96.09 and a 12-month high of $113.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The stock has a market capitalization of $25.77 billion, a PE ratio of 47.17, a P/E/G ratio of 3.86 and a beta of 0.58. The firm’s fifty day moving average price is $106.82 and its 200 day moving average price is $104.04.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS. As a group, research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.2838 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s payout ratio is 50.67%.

About Church & Dwight

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.