Wealthstar Advisors LLC Invests $1.35 Million in Church & Dwight Co., Inc. (NYSE:CHD)

Wealthstar Advisors LLC acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,945 shares of the company’s stock, valued at approximately $1,350,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHD. Vanguard Group Inc. grew its position in shares of Church & Dwight by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after purchasing an additional 354,946 shares during the period. Capital International Investors grew its position in shares of Church & Dwight by 39.2% in the fourth quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after purchasing an additional 2,533,877 shares during the period. JPMorgan Chase & Co. grew its position in shares of Church & Dwight by 89.1% in the third quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after purchasing an additional 2,839,783 shares during the period. Morgan Stanley lifted its stake in shares of Church & Dwight by 1.9% in the third quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock worth $301,645,000 after buying an additional 61,090 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Church & Dwight in the fourth quarter worth about $259,967,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insiders Place Their Bets

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the sale, the director now owns 25,692 shares of the company’s stock, valued at approximately $2,709,735.24. The disclosure for this sale can be found here. Insiders sold 182,346 shares of company stock worth $19,465,948 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CHD has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. BNP Paribas initiated coverage on shares of Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 target price on the stock. Argus lifted their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. HSBC lifted their target price on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, Oppenheimer lifted their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.65.

Church & Dwight Stock Up 0.1 %

Shares of CHD stock traded up $0.09 during trading on Thursday, reaching $105.53. The company’s stock had a trading volume of 831,631 shares, compared to its average volume of 1,538,797. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 3.44 and a beta of 0.52. The stock’s 50-day moving average price is $106.74 and its 200 day moving average price is $102.20. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $110.31.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, May 14th. 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.