Achmea Investment Management B.V. bought a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,940 shares of the company’s stock, valued at approximately $5,601,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Shoker Investment Counsel Inc. bought a new position in Dow Chemical in the 3rd quarter worth about $2,087,000. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. bought a new position in Dow Chemical in the 3rd quarter worth about $244,000. Pegasus Partners Ltd. bought a new position in Dow Chemical in the 3rd quarter worth about $2,269,000. JPMorgan Chase & Co. bought a new position in Dow Chemical in the 3rd quarter worth about $2,095,726,000. Finally, Virginia Retirement Systems ET AL bought a new position in Dow Chemical in the 3rd quarter worth about $25,351,000. Hedge funds and other institutional investors own 68.75% of the company’s stock.
Dow Chemical Company (NYSE:DWDP) opened at $75.41 on Friday. The stock has a market cap of $176,460.00 and a price-to-earnings ratio of 36.26. Dow Chemical Company has a fifty-two week low of $64.01 and a fifty-two week high of $76.34. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29.
Dow Chemical (NYSE:DWDP) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. sell-side analysts expect that Dow Chemical Company will post 3.35 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were issued 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 dividend yield of 2.02%.
In related news, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total transaction of $476,335.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was 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. In the last ninety days, insiders sold 495,951 shares of company stock valued at $35,502,729. Corporate insiders own 0.89% of the company’s stock.
DWDP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Dow Chemical in a research note on Friday, September 15th. They issued an “overweight” rating and a $80.00 target price on the stock. Royal Bank of Canada restated a “buy” rating and issued a $80.00 target price on shares of Dow Chemical in a research note on Wednesday, October 11th. UBS Group upped their target price on shares of Dow Chemical from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Deutsche Bank assumed coverage on shares of Dow Chemical in a research note on Thursday, October 5th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Morgan Stanley increased their price objective on shares of Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.21.
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Dow Chemical Company 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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