AMI Asset Management Corp Grows Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

AMI Asset Management Corp increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 584,658 shares of the company’s stock after buying an additional 17,128 shares during the period. Church & Dwight makes up about 3.1% of AMI Asset Management Corp’s investment portfolio, making the stock its 11th biggest position. AMI Asset Management Corp’s holdings in Church & Dwight were worth $60,986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new stake in shares of Church & Dwight in the 1st quarter worth about $26,000. Chilton Capital Management LLC increased its position in shares of Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the last quarter. Roble Belko & Company Inc bought a new stake in shares of Church & Dwight in the 1st quarter worth about $31,000. Creekmur Asset Management LLC bought a new stake in shares of Church & Dwight in the 4th quarter worth about $32,000. Finally, Annapolis Financial Services LLC increased its position in shares of Church & Dwight by 2,087.5% in the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after purchasing an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total value of $5,847,978.00. Following the completion of the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the 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 completion of the sale, the director now owns 25,692 shares in the company, valued at approximately $2,709,735.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the 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 sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at approximately $1,104,775. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,346 shares of company stock worth $19,465,948. 1.40% of the stock is owned by corporate insiders.

Church & Dwight Price Performance

NYSE:CHD traded up $0.09 during trading hours on Thursday, reaching $105.53. 831,631 shares of the company’s stock were exchanged, compared to its average volume of 1,538,797. The company has a market capitalization of $25.80 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 3.44 and a beta of 0.52. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $110.31. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $106.71 and its two-hundred day simple moving average is $102.22.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.2838 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. HSBC boosted their price objective on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Bank of America boosted their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Oppenheimer boosted their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $106.65.

Church & Dwight Company 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.