Albion Financial Group UT purchased a new position 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 & Exchange Commission. The institutional investor purchased 26,519 shares of the company’s stock, valued at approximately $1,836,000.
A number of other large investors have also bought and sold shares of DWDP. Tradewinds Capital Management LLC acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $101,000. Winfield Associates Inc. acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $103,000. AllSquare Wealth Management LLC acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $108,000. NewSquare Capital LLC acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $109,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $114,000. 68.75% of the stock is owned by hedge funds and other institutional investors.
DWDP has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Dow Chemical from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 27th. Morgan Stanley raised their price objective on shares of Dow Chemical from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Credit Suisse Group reaffirmed an “outperform” rating and set a $79.00 price objective (up previously from $73.00) on shares of Dow Chemical in a report on Thursday, October 12th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of Dow Chemical in a report on Sunday, October 8th. Finally, UBS Group raised their price objective on shares of Dow Chemical from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $80.21.
In other Dow Chemical news, COO James C. Jr. Collins sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $71.11, for a total value of $1,066,650.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew N. Liveris sold 9,664 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 495,951 shares of company stock worth $35,502,729. Insiders own 0.89% of the company’s stock.
Shares of Dow Chemical Company (NYSE DWDP) traded up $0.19 during trading on Friday, hitting $75.41. 4,982,690 shares of the company were exchanged, compared to its average volume of 7,220,000. Dow Chemical Company has a fifty-two week low of $64.01 and a fifty-two week high of $76.34. The firm has a market capitalization of $176,460.00 and a price-to-earnings ratio of 36.25. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29.
Dow Chemical (NYSE:DWDP) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The firm had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. During the same period last year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. equities analysts anticipate that Dow Chemical Company will post 3.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%.
Dow Chemical Profile
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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