Appleton Partners Inc. MA cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 12.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,929 shares of the company’s stock after selling 842 shares during the period. Appleton Partners Inc. MA’s holdings in Church & Dwight were worth $518,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in CHD. Baron Silver Stevens Financial Advisors LLC bought a new position in Church & Dwight during the fourth quarter valued at $28,000. SOA Wealth Advisors LLC. bought a new position in Church & Dwight during the fourth quarter valued at $35,000. Kathmere Capital Management LLC bought a new position in Church & Dwight during the third quarter valued at $40,000. Regent Peak Wealth Advisors LLC bought a new position in Church & Dwight during the fourth quarter valued at $38,000. Finally, Rocky Mountain Advisers LLC bought a new position in Church & Dwight during the fourth quarter valued at $48,000. 79.40% of the stock is owned by institutional investors.
CHD opened at $89.63 on Friday. The company has a market cap of $21.97 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.10 and a beta of 0.36. The business’s 50-day moving average price is $85.04 and its 200-day moving average price is $86.12. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 0.56. Church & Dwight Co., Inc. has a 12 month low of $67.08 and a 12 month high of $98.96.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Tuesday, February 16th were paid a $0.2525 dividend. The ex-dividend date of this dividend was Friday, February 12th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.24. This represents a $1.01 annualized dividend and a dividend yield of 1.13%. Church & Dwight’s dividend payout ratio (DPR) is presently 40.89%.
A number of equities analysts have recently commented on CHD shares. Morgan Stanley lowered Church & Dwight from an “equal weight” rating to an “underweight” rating and set a $80.00 price target for the company. in a report on Monday. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Monday, January 11th. JPMorgan Chase & Co. raised their price target on Church & Dwight from $79.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, April 16th. Bank of America cut their price target on Church & Dwight from $105.00 to $100.00 and set a “buy” rating for the company in a report on Friday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $91.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $99.50.
In other news, Director James Craigie acquired 6,000 shares of the business’s stock in a transaction on Wednesday, February 24th. The shares were acquired at an average cost of $80.26 per share, with a total value of $481,560.00. Following the transaction, the director now owns 9,832 shares in the company, valued at approximately $789,116.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Britta Bomhard sold 15,680 shares of Church & Dwight stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $83.55, for a total value of $1,310,064.00. Following the sale, the chief marketing officer now directly owns 20,963 shares in the company, valued at $1,751,458.65. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. 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; battery-operated and manual 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; and cold remedy products under the ZICAM brand.
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