Comerica Bank Sells 410 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Comerica Bank trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,381 shares of the company’s stock after selling 410 shares during the quarter. Comerica Bank’s holdings in Church & Dwight were worth $10,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Texas Yale Capital Corp. boosted its position in Church & Dwight by 1.0% during the first quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock worth $1,106,000 after purchasing an additional 100 shares during the period. Global Retirement Partners LLC increased its stake in shares of Church & Dwight by 14.7% in the fourth quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock valued at $87,000 after buying an additional 113 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of Church & Dwight by 2.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock valued at $516,000 after buying an additional 117 shares during the period. Sovereign Financial Group Inc. increased its stake in shares of Church & Dwight by 0.7% in the first quarter. Sovereign Financial Group Inc. now owns 17,436 shares of the company’s stock valued at $1,819,000 after buying an additional 120 shares during the period. Finally, Reynders McVeigh Capital Management LLC boosted its holdings in Church & Dwight by 0.4% in the first quarter. Reynders McVeigh Capital Management LLC now owns 35,359 shares of the company’s stock valued at $3,689,000 after acquiring an additional 125 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 22nd. BNP Paribas assumed coverage on Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 price target on the stock. TD Cowen assumed coverage on Church & Dwight in a report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price target on the stock. Argus increased their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. increased their price target on Church & Dwight from $97.00 to $101.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.88.

Church & Dwight Price Performance

Shares of Church & Dwight stock traded up $1.94 during trading on Thursday, hitting $99.95. 1,231,518 shares of the stock traded hands, compared to its average volume of 1,339,942. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 3.24 and a beta of 0.52. The firm’s fifty day moving average is $104.97 and its 200-day moving average is $103.40.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.14%. Church & Dwight’s payout ratio is 35.87%.

Insider Buying and Selling

In related news, Director Penry W. Price sold 7,752 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the transaction, the director now directly owns 25,692 shares in the company, valued at approximately $2,709,735.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Penry W. Price sold 7,752 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.47, for a total value of $817,603.44. Following the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was 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 directly owns 10,325 shares in the company, valued at approximately $1,104,775. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock worth $19,465,948 in the last three months. 2.00% of the stock is owned by corporate insiders.

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.