Gulf International Bank UK Ltd Sells 6,616 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Posted by on Jun 24th, 2023

Gulf International Bank UK Ltd cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 17.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,298 shares of the company’s stock after selling 6,616 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Church & Dwight were worth $2,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in shares of Church & Dwight in the fourth quarter worth about $38,000. Delta Asset Management LLC TN bought a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $40,000. Money Concepts Capital Corp raised its position in shares of Church & Dwight by 468.2% in the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock valued at $50,000 after purchasing an additional 515 shares during the period. Glassman Wealth Services raised its position in shares of Church & Dwight by 39.1% in the fourth quarter. Glassman Wealth Services now owns 655 shares of the company’s stock valued at $53,000 after purchasing an additional 184 shares during the period. Finally, Capital Directions Investment Advisors LLC bought a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $58,000. Institutional investors own 82.61% of the company’s stock.

Insider Activity

In other Church & Dwight news, EVP Barry A. Bruno sold 6,440 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total transaction of $619,978.80. Following the completion of the sale, the executive vice president now owns 4,302 shares of the company’s stock, valued at approximately $414,153.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Church & Dwight news, EVP Barry A. Bruno sold 6,440 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total transaction of $619,978.80. Following the completion of the sale, the executive vice president now owns 4,302 shares of the company’s stock, valued at approximately $414,153.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert K. Shearer sold 11,590 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $96.23, for a total transaction of $1,115,305.70. Following the sale, the director now directly owns 29,108 shares of the company’s stock, valued at approximately $2,801,062.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,843 shares of company stock valued at $29,632,614. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $97.12 on Friday. Church & Dwight Co., Inc. has a 52-week low of $70.16 and a 52-week high of $98.32. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 58.16, a price-to-earnings-growth ratio of 3.92 and a beta of 0.47. The company has a fifty day moving average of $94.53 and a 200-day moving average of $87.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 1.18.

Church & Dwight (NYSE:CHD – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Church & Dwight had a net margin of 7.49% and a return on equity of 20.49%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. Equities research analysts expect that Church & Dwight Co., Inc. will post 3.1 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were paid a $0.2725 dividend. The ex-dividend date was Friday, May 12th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio (DPR) is 65.27%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CHD shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $96.00 to $105.00 in a research report on Friday, April 28th. StockNews.com assumed coverage on shares of Church & Dwight in a report on Thursday, May 18th. They set a “hold” rating on the stock. 92 Resources reaffirmed a “maintains” rating on shares of Church & Dwight in a report on Friday, April 28th. UBS Group upped their target price on shares of Church & Dwight from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, April 6th. Finally, Barclays upped their target price on shares of Church & Dwight from $79.00 to $83.00 in a report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $91.56.

Church & Dwight Company Profile

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Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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