Jackson Wealth Management LLC Takes $6.19 Million Position in Dow Chemical Company (The) (DWDP)
Jackson Wealth Management LLC acquired a new position in shares of 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 fund acquired 86,448 shares of the company’s stock, valued at approximately $6,187,000. Dow Chemical comprises about 1.7% of Jackson Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding.
Several other hedge funds and other institutional investors have also bought and sold shares of DWDP. Tradewinds Capital Management LLC acquired a new position in Dow Chemical in the 3rd quarter valued at approximately $101,000. Winfield Associates Inc. acquired a new position in Dow Chemical in the 3rd quarter valued at approximately $103,000. AllSquare Wealth Management LLC acquired a new position in Dow Chemical in the 3rd quarter valued at approximately $108,000. NewSquare Capital LLC acquired a new position in Dow Chemical in the 3rd quarter valued at approximately $109,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in Dow Chemical in the 3rd quarter valued at approximately $114,000. 68.74% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on the company. Macquarie assumed coverage on Dow Chemical in a report on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 price target for the company. Nomura upped their price target on Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. began coverage on Dow Chemical in a research note on Tuesday, September 26th. They issued a “hold” rating on the stock. Monness Crespi & Hardt began coverage on Dow Chemical in a research note on Tuesday, September 12th. They issued a “neutral” rating on the stock. Finally, Instinet reiterated a “buy” rating and issued a $82.00 price objective (up from $77.00) on shares of Dow Chemical in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $80.21.
In related news, insider Andrew N. Liveris sold 187,402 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total transaction of $13,536,046.46. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 495,951 shares of company stock worth $35,502,729. 0.89% of the stock is owned by corporate insiders.
Shares of Dow Chemical Company (NYSE:DWDP) opened at $71.44 on Wednesday. The company has a market capitalization of $168,736.67, a P/E ratio of 34.35, a P/E/G ratio of 2.42 and a beta of 1.15. Dow Chemical Company has a 12-month low of $56.52 and a 12-month high of $73.85. 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 released its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. Dow Chemical’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. analysts anticipate that Dow Chemical Company will post 3.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were given a dividend of $0.38 per share. 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 2.13%. Dow Chemical’s dividend payout ratio (DPR) is presently 73.08%.
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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