AE Wealth Management LLC purchased a new stake in Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,324 shares of the company’s stock, valued at approximately $2,099,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of DWDP. Tradewinds Capital Management LLC bought a new position in Dow Chemical during the 3rd quarter valued at $101,000. Winfield Associates Inc. bought a new position in Dow Chemical during the 3rd quarter valued at $103,000. AllSquare Wealth Management LLC bought a new position in Dow Chemical during the 3rd quarter valued at $108,000. NewSquare Capital LLC bought a new position in Dow Chemical during the 3rd quarter valued at $109,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Dow Chemical during the 3rd quarter valued at $114,000. 68.81% of the stock is owned by institutional investors and hedge funds.
In related news, insider Andrew N. Liveris sold 29,723 shares of Dow Chemical stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $71.50, for a total value of $2,125,194.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew N. Liveris sold 78,582 shares of Dow Chemical stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $71.00, for a total value of $5,579,322.00. The disclosure for this sale can be found here. Insiders have sold a total of 486,287 shares of company stock worth $34,825,282 over the last quarter. Company insiders own 0.89% of the company’s stock.
Several brokerages have weighed in on DWDP. Zacks Investment Research upgraded Dow Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Nomura raised their price objective on Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Citigroup raised their price objective on Dow Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Royal Bank of Canada restated a “buy” rating and set a $86.00 price objective on shares of Dow Chemical in a research note on Friday, December 8th. Finally, began coverage on Dow Chemical in a research note on Tuesday, September 26th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the stock. Dow Chemical has a consensus rating of “Buy” and an average target price of $80.21.
Shares of Dow Chemical Company (DWDP) opened at $70.00 on Friday. The company has a market capitalization of $163,822.70, a price-to-earnings ratio of 19.13, a PEG ratio of 2.34 and a beta of 1.15. Dow Chemical Company has a 52 week low of $64.01 and a 52 week high of $73.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01.
Dow Chemical (NYSE:DWDP) last released its earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. The company had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. research analysts predict that Dow Chemical Company will post 3.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, November 14th. Dow Chemical’s payout ratio is 73.08%.
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About Dow Chemical
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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