ETRADE Capital Management LLC Decreases Stake in Dow Chemical (DWDP)

ETRADE Capital Management LLC lowered its position in Dow Chemical (NYSE:DWDP) by 31.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,675 shares of the company’s stock after selling 19,663 shares during the period. ETRADE Capital Management LLC’s holdings in Dow Chemical were worth $2,719,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in Dow Chemical during the 4th quarter valued at approximately $106,000. Certified Advisory Corp bought a new position in Dow Chemical during the 4th quarter valued at approximately $101,000. Delpha Capital Management LLC bought a new position in Dow Chemical during the 4th quarter valued at approximately $122,000. Avestar Capital LLC bought a new position in Dow Chemical during the 4th quarter valued at approximately $138,000. Finally, Trustcore Financial Services LLC bought a new position in Dow Chemical during the 4th quarter valued at approximately $150,000. 70.14% of the stock is owned by hedge funds and other institutional investors.

In related news, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ronald C. Edmonds sold 15,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.



DWDP has been the subject of a number of analyst reports. Citigroup reduced their price objective on Dow Chemical from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Tuesday, April 10th. Credit Suisse Group cut their target price on Dow Chemical from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, May 4th. Zacks Investment Research upgraded Dow Chemical from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, January 30th. BMO Capital Markets initiated coverage on Dow Chemical in a research note on Tuesday, March 27th. They set an “outperform” rating and a $82.00 target price on the stock. Finally, Morgan Stanley set a $80.00 target price on Dow Chemical and gave the company a “buy” rating in a research note on Wednesday, March 21st. Six analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $81.13.

Dow Chemical opened at $68.16 on Friday, MarketBeat reports. The firm has a market capitalization of $158.44 billion, a PE ratio of 20.05, a PEG ratio of 1.71 and a beta of 1.30. Dow Chemical has a 1 year low of $67.12 and a 1 year high of $67.66. The company has a current ratio of 1.87, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be paid a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.23%. Dow Chemical’s dividend payout ratio (DPR) is currently 44.71%.

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.

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

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