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Bank of America Corp DE Trims Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Defense World · Sep 22, 2022 06:22

Bank of America Corp DE trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,943,005 shares of the company's stock after selling 17,621 shares during the period. Bank of America Corp DE owned 0.80% of Church & Dwight worth $193,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHD. Taylor Hoffman Wealth Management increased its stake in Church & Dwight by 0.3% in the 1st quarter. Taylor Hoffman Wealth Management now owns 34,699 shares of the company's stock worth $3,448,000 after buying an additional 111 shares in the last quarter. Veritable L.P. increased its stake in Church & Dwight by 1.5% in the 1st quarter. Veritable L.P. now owns 7,484 shares of the company's stock worth $744,000 after buying an additional 112 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in Church & Dwight by 4.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 3,096 shares of the company's stock worth $308,000 after buying an additional 120 shares in the last quarter. CENTRAL TRUST Co increased its stake in Church & Dwight by 0.7% in the 1st quarter. CENTRAL TRUST Co now owns 16,737 shares of the company's stock worth $1,664,000 after buying an additional 120 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Church & Dwight by 4.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,197 shares of the company's stock worth $318,000 after buying an additional 124 shares in the last quarter. 82.59% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

CHD has been the subject of a number of analyst reports. Bank of America started coverage on Church & Dwight in a research note on Wednesday, September 14th. They issued an "underperform" rating for the company. Credit Suisse Group dropped their price objective on shares of Church & Dwight from $100.00 to $92.00 and set a "neutral" rating for the company in a report on Wednesday, September 7th. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $84.00 to $86.00 in a report on Thursday, July 21st. Royal Bank of Canada dropped their price objective on shares of Church & Dwight from $94.00 to $92.00 and set a "sector perform" rating for the company in a report on Monday, August 1st. Finally, Barclays dropped their price objective on shares of Church & Dwight from $76.00 to $73.00 and set an "underweight" rating for the company in a report on Wednesday, September 7th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $91.64.

Insider Buying and Selling

In related news, EVP Rene Hemsey sold 5,000 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $76.77, for a total value of $383,850.00. Following the sale, the executive vice president now directly owns 6,259 shares of the company's stock, valued at approximately $480,503.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Down 0.5 %

Shares of NYSE:CHD opened at $74.69 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. Church & Dwight Co., Inc. has a 12 month low of $74.67 and a 12 month high of $105.28. The company has a 50-day moving average price of $86.98 and a 200 day moving average price of $92.26. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.82 and a beta of 0.35.

Church & Dwight (NYSE:CHD – Get Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.76 EPS. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that Church & Dwight Co., Inc. will post 2.97 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, August 12th. Church & Dwight's dividend payout ratio (DPR) is currently 33.33%.

Church & Dwight Company Profile

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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.