Wade G W & Inc. Acquires Shares of 171,733 Dow Chemical Company (The) (DWDP)

Wade G W & Inc. acquired a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 171,733 shares of the company’s stock, valued at approximately $11,889,000. Dow Chemical comprises 1.4% of Wade G W & Inc.’s portfolio, making the stock its 23rd largest holding.

A number of other hedge funds also recently modified their holdings of DWDP. Bank of New York Mellon Corp acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $1,920,750,000. Dupont Capital Management Corp acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $884,806,000. Ameriprise Financial Inc. acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $839,246,000. Macquarie Group Ltd. acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $726,508,000. Finally, Boston Partners acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $481,355,000. Hedge funds and other institutional investors own 68.74% of the company’s stock.

Shares of Dow Chemical Company (NYSE:DWDP) opened at $71.44 on Thursday. 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 Company has a one year low of $56.52 and a one year high of $73.85. The firm has a market cap of $168,736.67, a price-to-earnings ratio of 34.35, a P/E/G ratio of 2.42 and a beta of 1.15.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors 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 annualized dividend and a dividend yield of 2.13%. Dow Chemical’s dividend payout ratio is 73.08%.

Several brokerages have commented on DWDP. Morgan Stanley restated an “overweight” rating and set a $77.00 price objective on shares of Dow Chemical in a research report on Wednesday, September 6th. Susquehanna Bancshares began coverage on shares of Dow Chemical in a research report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price objective for the company. Nomura boosted their price objective on shares of Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Edward Jones began coverage on shares of Dow Chemical in a research report on Friday, September 1st. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Dow Chemical in a research report on Friday, September 15th. They set an “overweight” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Dow Chemical presently has a consensus rating of “Buy” and a consensus target price of $80.21.

In other Dow Chemical news, insider Jeanmarie F. Desmond sold 6,708 shares of the company’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 SEC, which is available at the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction 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. In the last three months, insiders sold 495,951 shares of company stock worth $35,502,729. 0.89% of the stock is currently owned by insiders.

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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.

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

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