Cigna Investments Inc. New Has $261,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Cigna Investments Inc. New cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,495 shares of the company’s stock after selling 109 shares during the period. Cigna Investments Inc. New’s holdings in Church & Dwight were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Church & Dwight by 19.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,994 shares of the company’s stock worth $2,190,000 after purchasing an additional 3,388 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Church & Dwight by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 33,784 shares of the company’s stock worth $3,524,000 after buying an additional 2,178 shares during the period. Norden Group LLC grew its position in shares of Church & Dwight by 77.0% in the 1st quarter. Norden Group LLC now owns 5,271 shares of the company’s stock valued at $550,000 after buying an additional 2,293 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Church & Dwight in the first quarter valued at about $568,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Church & Dwight by 20.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 80,042 shares of the company’s stock worth $8,349,000 after acquiring an additional 13,455 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 4.8 %

NYSE:CHD opened at $104.75 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $110.31. The company has a market cap of $25.64 billion, a PE ratio of 32.23, a PEG ratio of 3.69 and a beta of 0.55. The firm has a 50-day moving average of $102.89 and a 200-day moving average of $104.02.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, November 15th. Church & Dwight’s payout ratio is currently 34.77%.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of recent analyst reports. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research report on Monday, September 9th. Stifel Nicolaus lowered their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Barclays boosted their target price on shares of Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Wells Fargo & Company decreased their price target on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Piper Sandler initiated coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $107.50.

About Church & Dwight

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.