Truist Financial Corp lessened its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,042 shares of the company’s stock after selling 9,221 shares during the quarter. Truist Financial Corp’s holdings in Church & Dwight were worth $2,938,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CHD. Ameriflex Group Inc. lifted its holdings in shares of Church & Dwight by 101.3% in the 3rd quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock worth $28,000 after acquiring an additional 162 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Church & Dwight by 58.1% in the 3rd 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 last quarter. Field & Main Bank bought a new stake in shares of Church & Dwight in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Church & Dwight in the 3rd quarter worth about $30,000. Finally, First Horizon Corp bought a new stake in shares of Church & Dwight in the 3rd quarter worth about $32,000. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Up 3.2%
NYSE CHD opened at $93.59 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The firm has a market cap of $22.18 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. The company has a 50 day moving average price of $95.86 and a 200 day moving average price of $91.64. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.04.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend 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 40.46%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Morgan Stanley set a $105.00 target price on shares of Church & Dwight and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Citigroup reaffirmed a “neutral” rating and set a $100.00 target price (up from $87.00) on shares of Church & Dwight in a research report on Monday, February 2nd. Barclays reduced their target price on shares of Church & Dwight from $85.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Wall Street Zen lowered shares of Church & Dwight from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $109.00 target price on shares of Church & Dwight in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average target price of $102.53.
Get Our Latest Analysis on CHD
Insider Activity at Church & Dwight
In related news, Director Penry W. Price sold 7,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $100.58, for a total value of $704,060.00. Following the completion of the transaction, the director directly owned 30,070 shares in the company, valued at $3,024,440.60. The trade was a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.
About Church & Dwight
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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