SeaCrest Wealth Management LLC purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 324 shares of the company’s stock, valued at approximately $30,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. boosted its stake in Church & Dwight by 50.8% in the 2nd quarter. Zions Bancorporation N.A. now owns 389 shares of the company’s stock worth $36,000 after purchasing an additional 131 shares during the period. Heritage Wealth Advisors boosted its stake in Church & Dwight by 171.2% in the 2nd quarter. Heritage Wealth Advisors now owns 396 shares of the company’s stock worth $37,000 after purchasing an additional 250 shares during the period. Lansing Street Advisors bought a new position in Church & Dwight in the 1st quarter worth about $45,000. Tcwp LLC bought a new position in Church & Dwight in the 1st quarter worth about $46,000. Finally, CX Institutional bought a new position in Church & Dwight in the 2nd quarter worth about $46,000. Institutional investors own 82.59% of the company’s stock.
Church & Dwight Stock Performance
Shares of NYSE CHD opened at $78.09 on Wednesday. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.90 and a beta of 0.43. The company has a current ratio of 1.08, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57. Church & Dwight Co., Inc. has a 1-year low of $70.16 and a 1-year high of $105.28. The stock’s 50-day moving average is $74.12 and its 200 day moving average is $84.04.
Church & Dwight Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.2625 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.05 dividend on an annualized basis and a yield of 1.34%. Church & Dwight’s dividend payout ratio (DPR) is currently 35.12%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on CHD shares. Oppenheimer dropped their price target on Church & Dwight to $85.00 in a research report on Thursday, September 29th. Jefferies Financial Group dropped their price target on Church & Dwight from $101.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft upgraded Church & Dwight from a “hold” rating to a “buy” rating and dropped their price target for the company from $90.00 to $85.00 in a research report on Wednesday, October 5th. The Goldman Sachs Group dropped their price target on Church & Dwight from $93.00 to $83.00 and set a “neutral” rating for the company in a research report on Monday, October 10th. Finally, Barclays dropped their price target on Church & Dwight from $76.00 to $73.00 and set an “underweight” rating for the company in a research report on Wednesday, September 7th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.67.
Insiders Place Their Bets
In other Church & Dwight news, EVP Rene Hemsey sold 5,000 shares of Church & Dwight stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.77, for a total value of $383,850.00. Following the transaction, the executive vice president now directly owns 6,259 shares of the company’s stock, valued at approximately $480,503.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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