Bryn Mawr Capital Management LLC Sells 5,349 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Bryn Mawr Capital Management LLC cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,774 shares of the company’s stock after selling 5,349 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Church & Dwight were worth $3,388,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHD. Wealth Enhancement Advisory Services LLC lifted its position in Church & Dwight by 89.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company’s stock valued at $5,567,000 after acquiring an additional 25,080 shares in the last quarter. American Century Companies Inc. increased its stake in Church & Dwight by 0.5% in the 4th quarter. American Century Companies Inc. now owns 1,426,177 shares of the company’s stock valued at $149,335,000 after buying an additional 6,425 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock valued at $768,157,000 after buying an additional 1,190,154 shares during the last quarter. LPL Financial LLC increased its stake in shares of Church & Dwight by 13.4% during the 4th quarter. LPL Financial LLC now owns 184,133 shares of the company’s stock worth $19,281,000 after purchasing an additional 21,742 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Church & Dwight by 1,201.4% during the 1st quarter. Penserra Capital Management LLC now owns 8,342 shares of the company’s stock worth $918,000 after purchasing an additional 7,701 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Carlen Hooker sold 6,380 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the transaction, the executive vice president owned 262 shares in the company, valued at approximately $25,754.60. This represents a 96.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Penry W. Price sold 14,660 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the completion of the sale, the director owned 27,043 shares in the company, valued at $2,518,514.59. The trade was a 35.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,575 shares of company stock valued at $4,910,586 over the last three months. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Rothschild & Co Redburn downgraded shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 price target for the company. in a report on Monday. Morgan Stanley decreased their target price on shares of Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company lifted their target price on shares of Church & Dwight from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Evercore ISI decreased their price objective on shares of Church & Dwight from $106.00 to $102.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.38.

Church & Dwight Price Performance

Church & Dwight stock opened at $96.64 on Tuesday. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 3.93 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.43. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The firm has a 50-day moving average of $96.73 and a two-hundred day moving average of $102.43.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company earned $0.96 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a dividend of $0.295 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.22%. Church & Dwight’s payout ratio is 50.64%.

Church & Dwight Company Profile

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.