Dixon Hubard Feinour & Brown Inc. VA Has $2.56 Million Position in Dow Chemical (DWDP)

Dixon Hubard Feinour & Brown Inc. VA increased its stake in shares of Dow Chemical (NYSE:DWDP) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,888 shares of the company’s stock after acquiring an additional 1,050 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Dow Chemical were worth $2,556,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DWDP. HM Payson & Co. acquired a new position in Dow Chemical during the third quarter worth approximately $8,933,000. Bingham Osborn & Scarborough LLC acquired a new position in Dow Chemical during the third quarter worth approximately $847,000. Mraz Amerine & Associates Inc. acquired a new position in Dow Chemical during the third quarter worth approximately $2,696,000. Cedar Capital LLC acquired a new position in Dow Chemical during the third quarter worth approximately $460,000. Finally, Cabot Wealth Management Inc. acquired a new position in Dow Chemical during the third quarter worth approximately $523,000. Institutional investors and hedge funds own 70.45% of the company’s stock.

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DWDP has been the topic of a number of recent analyst reports. Zacks Investment Research raised Dow Chemical from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, January 30th. ValuEngine raised Dow Chemical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BMO Capital Markets initiated coverage on Dow Chemical in a research report on Tuesday, March 27th. They set an “outperform” rating and a $82.00 price target on the stock. Morgan Stanley set a $80.00 price target on Dow Chemical and gave the stock a “buy” rating in a research report on Wednesday, March 21st. Finally, Barclays lowered their price target on Dow Chemical from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $80.77.

In related news, insider Ronald C. Edmonds sold 15,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $71.83, for a total transaction of $1,077,450.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was 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. Corporate insiders own 0.42% of the company’s stock.

Dow Chemical stock opened at $63.71 on Monday. Dow Chemical has a 12 month low of $59.29 and a 12 month high of $77.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. The company has a market capitalization of $148,382.05, a PE ratio of 18.74, a PEG ratio of 1.62 and a beta of 1.24.

Dow Chemical (NYSE:DWDP) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.16. The business had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.46 billion. Dow Chemical had a return on equity of 8.21% and a net margin of 2.34%. The business’s quarterly revenue was up 54.1% compared to the same quarter last year. analysts anticipate that Dow Chemical will post 4.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Tuesday, February 27th. Dow Chemical’s dividend payout ratio is currently 44.71%.

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Dow Chemical 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.

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

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