Zions Bancorporation National Association UT Purchases Shares of 481 Church & Dwight Co., Inc. (NYSE:CHD)

Zions Bancorporation National Association UT acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 481 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Alpha LLC lifted its stake in shares of Church & Dwight by 3.7% in the 1st quarter. Advisory Alpha LLC now owns 2,707 shares of the company’s stock valued at $298,000 after purchasing an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Church & Dwight by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,115 shares of the company’s stock valued at $2,325,000 after purchasing an additional 110 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock valued at $42,000 after purchasing an additional 112 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Church & Dwight by 19.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company’s stock valued at $76,000 after purchasing an additional 112 shares in the last quarter. Finally, KFG Wealth Management LLC lifted its stake in shares of Church & Dwight by 2.2% in the 1st quarter. KFG Wealth Management LLC now owns 5,476 shares of the company’s stock valued at $603,000 after purchasing an additional 119 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the transaction, the director owned 13,747 shares of the company’s stock, valued at approximately $1,360,953. This represents a 51.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard A. Dierker purchased 5,470 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $91.57 per share, with a total value of $500,887.90. Following the purchase, the chief executive officer owned 27,212 shares of the company’s stock, valued at approximately $2,491,802.84. This represents a 25.16% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 12,879 shares of company stock valued at $1,177,702 and sold 35,915 shares valued at $3,545,300. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHD. Redburn Atlantic lowered Church & Dwight from a “hold” rating to a “strong sell” rating in a research note on Monday, July 14th. Morgan Stanley reduced their price target on 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. Evercore ISI reduced their price target on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 4th. Wells Fargo & Company boosted their price target on Church & Dwight from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada raised Church & Dwight from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and an average price target of $103.94.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $92.26 on Wednesday. Church & Dwight Co., Inc. has a 1-year low of $90.50 and a 1-year high of $116.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. The business’s fifty day moving average price is $96.38 and its two-hundred day moving average price is $101.03. The firm has a market capitalization of $22.48 billion, a PE ratio of 43.52, a P/E/G ratio of 3.78 and a beta of 0.43.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.295 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.18 annualized dividend and a yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is currently 55.66%.

Church & Dwight 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.