American International Group Inc. lessened its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 12.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,283 shares of the company’s stock after selling 11,641 shares during the period. American International Group Inc.’s holdings in Church & Dwight were worth $3,890,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Church & Dwight by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock valued at $1,441,451,000 after purchasing an additional 345,265 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Church & Dwight by 0.8% in the 3rd quarter. Bessemer Group Inc. now owns 4,852,760 shares of the company’s stock valued at $235,117,000 after purchasing an additional 38,507 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Church & Dwight by 28.2% in the 3rd quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock valued at $93,169,000 after purchasing an additional 423,267 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Church & Dwight by 13.1% in the 3rd quarter. APG Asset Management N.V. now owns 1,795,728 shares of the company’s stock valued at $87,003,000 after purchasing an additional 207,400 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Church & Dwight by 158.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock valued at $92,964,000 after purchasing an additional 1,099,670 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Several equities analysts have recently issued reports on CHD shares. KeyCorp reiterated a “hold” rating on shares of Church & Dwight in a research note on Friday, August 25th. Societe Generale upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, November 29th. They noted that the move was a valuation call. BidaskClub lowered Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Oppenheimer reiterated a “hold” rating on shares of Church & Dwight in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.83.

In related news, CEO Matthew Farrell bought 5,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $43.83 per share, with a total value of $219,150.00. Following the acquisition, the chief executive officer now owns 103,685 shares of the company’s stock, valued at $4,544,513.55. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard A. Dierker bought 1,146 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were bought at an average cost of $43.66 per share, for a total transaction of $50,034.36. Following the completion of the acquisition, the chief financial officer now directly owns 6,411 shares in the company, valued at approximately $279,904.26. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,546 shares of company stock worth $288,772 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Shares of Church & Dwight Company, Inc. (CHD) opened at $47.79 on Thursday. The firm has a market capitalization of $12,066.39, a price-to-earnings ratio of 25.96, a P/E/G ratio of 2.82 and a beta of 0.56. Church & Dwight Company, Inc. has a 52-week low of $43.21 and a 52-week high of $54.18. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $967.90 million for the quarter, compared to analyst estimates of $937.20 million. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. Church & Dwight’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. analysts forecast that Church & Dwight Company, Inc. will post 1.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.59%. Church & Dwight’s dividend payout ratio is currently 43.68%.

Church & Dwight declared that its Board of Directors has approved a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “American International Group Inc. Sells 11,641 Shares of Church & Dwight Company, Inc. (CHD)” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://theolympiareport.com/2017/12/07/american-international-group-inc-sells-11641-shares-of-church-dwight-company-inc-chd.html.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

Receive News & Ratings for Church & Dwight Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight Company Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.