Calamos Advisors LLC boosted its stake in Dow Chemical Co. (NYSE:DOW) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 626,828 shares of the company’s stock after buying an additional 68 shares during the period. Calamos Advisors LLC’s holdings in Dow Chemical were worth $31,160,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of DOW. Douglas Lane & Associates LLC purchased a new stake in Dow Chemical during the first quarter valued at approximately $1,429,000. Wilbanks Smith & Thomas Asset Management LLC raised its stake in Dow Chemical by 1.6% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,067 shares of the company’s stock valued at $512,000 after buying an additional 159 shares during the period. Wade G W & Inc. raised its stake in Dow Chemical by 19.4% in the first quarter. Wade G W & Inc. now owns 74,642 shares of the company’s stock valued at $3,796,000 after buying an additional 12,132 shares during the period. Glenmede Trust Co. NA raised its stake in Dow Chemical by 5.6% in the first quarter. Glenmede Trust Co. NA now owns 302,785 shares of the company’s stock valued at $15,398,000 after buying an additional 16,173 shares during the period. Finally, Investment Centers of America Inc. raised its stake in Dow Chemical by 9.5% in the first quarter. Investment Centers of America Inc. now owns 37,023 shares of the company’s stock valued at $1,883,000 after buying an additional 3,227 shares during the period. Institutional investors own 67.52% of the company’s stock.
Shares of Dow Chemical Co. (NYSE:DOW) traded up 0.19% during mid-day trading on Friday, reaching $51.83. The company’s stock had a trading volume of 6,649,584 shares. Dow Chemical Co. has a 1-year low of $40.26 and a 1-year high of $57.10. The firm’s 50 day moving average price is $53.06 and its 200-day moving average price is $52.20. The company has a market capitalization of $58.40 billion, a price-to-earnings ratio of 7.57 and a beta of 1.52.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The business earned $12 billion during the quarter, compared to analysts’ expectations of $11.24 billion. During the same period last year, the company posted $0.91 EPS. The company’s revenue was down 7.4% on a year-over-year basis. On average, analysts predict that Dow Chemical Co. will post $3.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.55%. Dow Chemical’s dividend payout ratio (DPR) is 27.10%.
DOW has been the subject of several research reports. Credit Suisse Group AG reiterated a “buy” rating on shares of Dow Chemical in a research note on Monday, June 27th. JPMorgan Chase & Co. lowered Dow Chemical from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $57.00 to $50.00 in a research note on Tuesday, June 28th. Vetr lowered Dow Chemical from a “buy” rating to a “sell” rating and set a $46.12 price objective for the company. in a research note on Monday, July 4th. Credit Agricole SA cut Dow Chemical from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 6th. Finally, Nomura restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $59.83.
About Dow Chemical
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