Tag Archives: DWDP

General Electric, DowDuPont Lead the Dow Higher Wednesday

May 9, 2018: Markets opened higher Wednesday before dipping below the break-even line in the late morning and then taking off for a couple of hours in the afternoon to put equities on track for a decent daily gain. Energy stocks rose mostly steadily as the U.S. rejection of the Iran deal is widely believed to be quite bullish for oil prices and everything connected to black gold. Interestingly, both the dollar and 10-year Treasuries posted solid gains today as well.

WTI crude oil for June delivery settled at $71.14 a barrel, up 3% for the day after a bullish inventory report to go with the news about the Iran nuclear deal. June gold dipped less than 0.1% on the day to settle at $1,313.00. Equities were headed for a higher close about 10 minutes before the bell as the Dow traded up 0.61% for the day, the S&P 500 traded up 0.86%, and the Nasdaq Composite traded up 0.91%.

Bitcoin futures (XBTK8) for May delivery traded at $9,270, up about 0.5% on the CBOE after opening at $9,235 this morning. The trading range today was $8,945 to $9,370.

The Dow stock posting the largest daily percentage gain ahead of the close Wednesday was DowDuPont Inc. (NYSE: DWDP) which traded up 2.83% at $66.05. The stock’s 52-week range is $59.29 to $77.08. Volume was about 20% below the daily average of around 9 million shares. The company had no specific news.

General Electric Co. (NYSE: GE) traded up 2.56% at $14.64. The stock’s 52-week range is $12.73 to $29.47. Volume was about half the daily average of around 76.3 million. The company had no specific news.

Exxon Mobil Corp. (NYSE: XOM) traded up 2.29% at $79.88 in a 52-week range of $72.16 to $89.30. Volume was about 15 below the daily average of 15.7 million. The company had no specific news, but oil prices shot up.

Merck & Co. Inc. (NYSE: MRK) traded up 2.03% at $57.91. The stock’s 52-week range is $52.83 to $66.41. Volume was about half the daily average of around 12 million shares. The company had no specific news.

Of the Dow stocks, 22 are on track to close higher Wednesday and 8 are set to close lower.

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Whittier Trust Co. Sells 1,038 Shares of Dow Chemical (DWDP)

Whittier Trust Co. lessened its holdings in shares of Dow Chemical (NYSE:DWDP) by 0.4% during the 1st quarter, HoldingsChannel reports. The fund owned 238,069 shares of the company’s stock after selling 1,038 shares during the period. Whittier Trust Co.’s holdings in Dow Chemical were worth $15,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DWDP. Clear Harbor Asset Management LLC grew its holdings in Dow Chemical by 45.5% during the first quarter. Clear Harbor Asset Management LLC now owns 4,102 shares of the company’s stock valued at $261,000 after purchasing an additional 1,282 shares during the last quarter. Braun Stacey Associates Inc. grew its holdings in Dow Chemical by 1.3% during the first quarter. Braun Stacey Associates Inc. now owns 195,803 shares of the company’s stock valued at $12,475,000 after purchasing an additional 2,460 shares during the last quarter. Windsor Capital Management LLC grew its holdings in Dow Chemical by 105.7% during the first quarter. Windsor Capital Management LLC now owns 17,157 shares of the company’s stock valued at $1,093,000 after purchasing an additional 8,818 shares during the last quarter. FormulaFolio Investments LLC grew its holdings in Dow Chemical by 24.9% during the first quarter. FormulaFolio Investments LLC now owns 5,185 shares of the company’s stock valued at $330,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Berkshire Asset Management LLC PA grew its holdings in Dow Chemical by 24.8% during the first quarter. Berkshire Asset Management LLC PA now owns 12,721 shares of the company’s stock valued at $810,000 after purchasing an additional 2,528 shares during the last quarter. 70.46% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts have commented on DWDP shares. Citigroup lowered their price target on Dow Chemical from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Credit Suisse Group lowered their price target on Dow Chemical from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday. Zacks Investment Research upgraded Dow Chemical from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, January 30th. BMO Capital Markets started coverage on Dow Chemical in a report on Tuesday, March 27th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Morgan Stanley set a $80.00 price target on Dow Chemical and gave the company a “buy” rating in a report on Wednesday, March 21st. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $80.73.

In other Dow Chemical news, insider Ronald C. Edmonds sold 15,000 shares of Dow Chemical stock in a transaction on Friday, March 9th. The shares were sold at an average price of $71.83, for a total transaction of $1,077,450.00. The transaction 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 Dow Chemical stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Shares of Dow Chemical stock opened at $64.47 on Friday. The firm has a market capitalization of $150,152.11, a PE ratio of 18.01, a P/E/G ratio of 1.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. Dow Chemical has a 1 year low of $59.29 and a 1 year high of $77.08.

Dow Chemical (NYSE:DWDP) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. Dow Chemical had a net margin of 2.37% and a return on equity of 8.62%. The firm had revenue of $21.51 billion for the quarter, compared to the consensus estimate of $21.31 billion. The business’s quarterly revenue was up 62.6% compared to the same quarter last year. sell-side analysts anticipate that Dow Chemical will post 4.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.36%. Dow Chemical’s dividend payout ratio is currently 44.71%.

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.

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

Apple, McDonald’s, Pfizer and Other Dow Earnings Coming This Week

Most of the Dow Jones industrial index components have reported their latest quarterly reports, and overall the results have been solid. Yet the index is marginally lower than it was two weeks ago.

This week, five of the 30 Dow components are expected to share their results this week. The Dow has been subject to increased volatility since January, and some investors may have looked to the current earnings season to stabilize the index.

24/7 Wall St. has put together a preview of those Dow companies scheduled to report their quarterly results this week. Here, we have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history.

Also see our separate preview of some of the week’s other most anticipated earnings reports, including Alibaba, CVS and Tesla.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

McDonalds Corp. (NYSE: MCD) is set to report its most recent quarterly results first thing Monday morning. Analysts are looking for $1.67 in earnings per share (EPS) and $4.97 billion in revenue. Shares closed the week at $158.30, with a consensus price target of $185.54 and a 52-week trading range of $190.59 to $259.77.

Merck & Co. Inc. (NYSE: MRK) is expected to report its first-quarter results early Tuesday. The analysts consensus forecast is EPS of $1.00 on $10.10 billion in revenue. Shares were changing hands at $59.47 as last week came to a close. The consensus price target is $68.40, and the stock has a 52-week range of $52.83 to $66.41.

Pfizer Inc. (NYSE: PFE) will share its latest quarterly earnings before Tuesdays opening bell as well. The consensus estimates call for $0.75 in EPS and $13.15 billion in revenue. Shares ended last week at $37.00, in a 52-week range of $31.67 to $39.43. The consensus analyst target is $40.11.

Apple Inc. (NASDAQ: AAPL) is scheduled to share its quarterly report late on Tuesday. The consensus estimates are $2.69 in EPS on $60.98 billion in revenue. Shares were last seen at $162.32. The stock has a 52-week range of $142.20 to $183.50, and the consensus price target is $192.94.

And DowDuPont Inc. (NYSE: DWDP) is expected to report its most recent quarterly results before regular trading begins on Thursday. The consensus analyst estimates are $1.10 in EPS and revenue of $21.42 billion. Shares of DowDuPont were at $64.32 on Fridays close. The consensus price target is $82.80, and the 52-week range is $59.29 to $77.08.

ALSO READ: Alibaba, CVS, Tesla and Other Earnings to Watch For This Week

Procter & Gamble Settling In as Worst-Performing Dow Stock of 2018

Procter & Gamble Co. (NYSE: PG) posted a share price loss of 1.3% last week, not much, but enough to maintain its rank as the worst-performing Dow Jones industrialaverage stock of the year to date. So far in 2018, the shares have lost 20.8%.

The second-worst Dow stock so far this year is General Electric Co. (NYSE: GE), which is down 17.6%. That is followed by 3M Co. (NYSE: MMM), down 16.68%, Walmart Inc. (NYSE: WMT), down 11.6%, and DowDuPont Inc. (NYSE: DWDP), down 9.69%.

The Dow dropped 151.75 points over the course of the past week to close at 24,311.19, down 0.6% for the week. Over the past 12 months, the consumer staples sector has dropped 8.3%, the worst among the 11 S&P sectors.

The first couple of trading days last week saw P&G’s shares continue the slide begun the previous week when the company announced that it would pay $4.2 billion for Merck KGaA’s consumer health unit. And while the company beat first-quarter estimates when it reported results shortly after announcing the acquisition, organic sales growth of a mere 1% led company executives to note on the conference call the “rapid shifts to e-commerce” and tighter inventory management at retailers as part of P&G’s problem.

As if to underscore the issue, The Wall Street Journal on Wednesday ran a story on how Amazon is taking a heavy toll on consumer staples companies like P&G. With a threat of inflation rising according to some observers, companies that sell basic stuff like toothpaste and toilet paper are usually expected to outperform firms that sell discretionary goods like sneakers and toys.

This time, however, discount retailers like Amazon are making it difficult for P&G to raise prices on its top products. In P&G’s case, Gillette-brand grooming products are being hit hard by competition from discount razor blade sellers, and the company has been unable to figure out a way to go back to the good old used-to-be. Until P&G shows some sign that it has a clue of how to recover, the company’s stock will continue to get punished.

Procter & Gamble stock closed at $72.81 on Friday, up less than 0.1% for the day, in a 52-week range of $71.95 to $94.67. That low was posted Wednesday. The 12-month consensus price target on the stock is $81.79, down nearly $10 from the prior week, and the forward price-to-earnings ratio is 16.33.

ALSO READ: Cisco Systems Remains Top-Performing Dow Stock in 2018