Hantz Financial Services Inc. Reduces Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Hantz Financial Services Inc. decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,236 shares of the company’s stock after selling 3,705 shares during the quarter. Hantz Financial Services Inc.’s holdings in Church & Dwight were worth $10,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Amalgamated Bank grew its stake in shares of Church & Dwight by 0.8% in the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after buying an additional 394 shares during the period. Board of the Pension Protection Fund purchased a new position in shares of Church & Dwight during the 4th quarter worth $639,000. Oddo BHF Asset Management Sas purchased a new stake in Church & Dwight in the 3rd quarter valued at about $5,934,000. Citigroup Inc. increased its position in shares of Church & Dwight by 9.1% during the third quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock valued at $35,368,000 after acquiring an additional 28,129 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its position in shares of Church & Dwight by 456.2% during the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock worth $6,232,000 after purchasing an additional 49,693 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHD. Wells Fargo & Company raised their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. TD Cowen boosted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Piper Sandler increased their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $110.61.

Church & Dwight Stock Down 1.6 %

Shares of NYSE CHD opened at $107.61 on Wednesday. The business has a 50-day moving average price of $106.63 and a 200 day moving average price of $104.14. The stock has a market cap of $26.36 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 52-week low of $96.09 and a 52-week high of $113.50.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Insider Activity

In other Church & Dwight news, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. This represents a 59.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read bought 1,100 shares of the stock in a transaction on Monday, December 16th. The stock was bought at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the purchase, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 593,035 shares of company stock valued at $62,282,808. Insiders own 2.00% of the company’s stock.

About Church & Dwight

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