Private Wealth Advisors Inc. Takes Position in Dow Chemical Company (The) (DWDP)

Private Wealth Advisors Inc. purchased a new position in Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,634 shares of the company’s stock, valued at approximately $390,000.

A number of other large investors have also recently made changes to their positions in the business. Curbstone Financial Management Corp bought a new position in shares of Dow Chemical in the third quarter valued at approximately $2,872,000. Eqis Capital Management Inc. bought a new position in shares of Dow Chemical in the third quarter valued at approximately $397,000. Neville Rodie & Shaw Inc. bought a new position in shares of Dow Chemical in the third quarter valued at approximately $15,334,000. McQueen Ball & Associates Inc. bought a new position in shares of Dow Chemical in the third quarter valued at approximately $650,000. Finally, Private Asset Management Inc. bought a new position in shares of Dow Chemical in the third quarter valued at approximately $1,953,000. Institutional investors and hedge funds own 68.74% of the company’s stock.

Shares of Dow Chemical Company (DWDP) opened at $71.90 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $168,250.00 and a P/E ratio of 34.24. Dow Chemical Company has a 52-week low of $56.52 and a 52-week high of $73.85.

Dow Chemical (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The company had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. During the same period last year, the business posted $0.91 earnings per share. Dow Chemical’s revenue was up 7.6% on a year-over-year basis. research analysts anticipate that Dow Chemical Company will post 3.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Tuesday, November 14th.

In other Dow Chemical news, insider Andrew N. Liveris sold 78,582 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $71.00, for a total value of $5,579,322.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $677,446.40. The disclosure for this sale can be found here. Insiders sold 495,951 shares of company stock valued at $35,502,729 over the last three months. Company insiders own 0.89% of the company’s stock.

A number of research firms have recently weighed in on DWDP. UBS Group raised their target price on Dow Chemical from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 27th. Morgan Stanley raised their target price on Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded Dow Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Stephens began coverage on Dow Chemical in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 target price on the stock. Finally, Credit Suisse Group restated an “outperform” rating and issued a $79.00 target price (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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $80.21.

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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.

Institutional Ownership by Quarter for Dow Chemical (NYSE:DWDP)

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