Occidental Asset Management LLC Sells 547 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Occidental Asset Management LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,043 shares of the company’s stock after selling 547 shares during the quarter. Occidental Asset Management LLC’s holdings in Church & Dwight were worth $1,052,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. JGP Wealth Management LLC raised its stake in shares of Church & Dwight by 1.8% in the fourth quarter. JGP Wealth Management LLC now owns 73,371 shares of the company’s stock worth $7,683,000 after purchasing an additional 1,270 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Church & Dwight by 1.9% during the 4th quarter. Ritholtz Wealth Management now owns 8,515 shares of the company’s stock valued at $892,000 after acquiring an additional 160 shares during the period. Carnegie Investment Counsel boosted its holdings in shares of Church & Dwight by 1.5% during the 4th quarter. Carnegie Investment Counsel now owns 139,884 shares of the company’s stock valued at $14,647,000 after acquiring an additional 2,074 shares during the last quarter. Financial Enhancement Group LLC grew its stake in shares of Church & Dwight by 456.2% in the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock worth $6,232,000 after acquiring an additional 49,693 shares during the period. Finally, HCR Wealth Advisors raised its holdings in shares of Church & Dwight by 0.9% during the fourth quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock valued at $1,231,000 after purchasing an additional 106 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Church & Dwight news, EVP Michael Read purchased 1,100 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,613,438.57. This represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,035 shares of company stock worth $62,282,808. 1.40% of the stock is currently owned by company insiders.

Church & Dwight Stock Up 2.6 %

Shares of NYSE CHD opened at $106.17 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The firm has a 50-day simple moving average of $106.82 and a two-hundred day simple moving average of $104.03. Church & Dwight Co., Inc. has a 1 year low of $96.09 and a 1 year high of $113.50. The company has a market cap of $26.01 billion, a P/E ratio of 47.61, a PEG ratio of 3.12 and a beta of 0.58.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. Research analysts anticipate that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s payout ratio is currently 50.67%.

Wall Street Analyst Weigh In

CHD has been the subject of a number of research reports. Barclays decreased their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Piper Sandler raised their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average price target of $110.44.

Church & Dwight 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.