LSV Asset Management raised its stake in Dole PLC (NYSE:DOLE – Free Report) by 16.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 702,900 shares of the company’s stock after acquiring an additional 101,500 shares during the period. LSV Asset Management’s holdings in Dole were worth $10,536,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Dole by 190.2% in the 4th quarter. Signaturefd LLC now owns 1,680 shares of the company’s stock worth $25,000 after purchasing an additional 1,101 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Dole by 120.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $26,000 after buying an additional 1,004 shares during the last quarter. Westfuller Advisors LLC bought a new position in Dole in the 3rd quarter worth about $49,000. NewEdge Advisors LLC grew its position in Dole by 269.0% in the 2nd quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock worth $52,000 after purchasing an additional 2,709 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in Dole in the 4th quarter worth about $53,000.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Dole from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 price target (down from $18.00) on shares of Dole in a research note on Monday, March 30th. Zacks Research lowered shares of Dole from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Dole from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $15.50.
Dole Stock Up 0.2%
DOLE stock opened at $14.46 on Tuesday. Dole PLC has a 12-month low of $12.52 and a 12-month high of $16.57. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.61 and a beta of 0.67. The company has a 50 day moving average of $14.72 and a two-hundred day moving average of $14.89.
Dole (NYSE:DOLE – Get Free Report) last released its earnings results on Monday, May 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Dole had a return on equity of 7.63% and a net margin of 0.46%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities analysts anticipate that Dole PLC will post 1.39 earnings per share for the current fiscal year.
Dole Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.085 per share. The ex-dividend date is Wednesday, June 17th. This represents a $0.34 annualized dividend and a dividend yield of 2.4%. Dole’s dividend payout ratio is 75.56%.
Dole Profile
Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.
The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.
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