Dow Chemical (DWDP) Position Decreased by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp cut its holdings in shares of Dow Chemical (NYSE:DWDP) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 334,661 shares of the company’s stock after selling 13,633 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Dow Chemical were worth $21,321,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its holdings in Dow Chemical by 12.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,319 shares of the company’s stock valued at $3,583,000 after buying an additional 5,479 shares in the last quarter. Bfsg LLC acquired a new position in Dow Chemical in the 4th quarter valued at $1,638,000. Tarbox Family Office Inc. acquired a new position in Dow Chemical in the 4th quarter valued at $8,600,000. One Capital Management LLC acquired a new position in Dow Chemical in the 4th quarter valued at $2,846,000. Finally, Lenox Wealth Advisors Inc. grew its holdings in Dow Chemical by 25,760.0% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 2,586 shares of the company’s stock valued at $184,000 after buying an additional 2,576 shares in the last quarter. 70.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of DWDP stock opened at $68.16 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. Dow Chemical has a twelve month low of $67.12 and a twelve month high of $67.66. The firm has a market cap of $158.44 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30.

Dow Chemical (NYSE:DWDP) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. Dow Chemical had a return on equity of 8.01% and a net margin of 2.37%. The business had revenue of $21.51 billion during the quarter, compared to the consensus estimate of $21.31 billion. The firm’s quarterly revenue was up 62.6% on a year-over-year basis. research analysts expect that Dow Chemical will post 4.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.23%. Dow Chemical’s dividend payout ratio is currently 44.71%.

A number of research analysts have commented on the company. Nomura upped their price objective on Dow Chemical from $83.00 to $84.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Dow Chemical in a report on Friday, February 2nd. Bank of America reduced their target price on Dow Chemical from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Barclays raised Dow Chemical from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 31st. Finally, MED reissued a “buy” rating and set a $90.00 target price on shares of Dow Chemical in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Dow Chemical presently has an average rating of “Buy” and a consensus price target of $81.13.

In other Dow Chemical news, insider Ronald C. Edmonds sold 15,000 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.66, for a total value of $5,042,604.00. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Dow Chemical Company Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical (NYSE:DWDP).

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

Receive News & Ratings for Dow Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply