Dow Chemical Co (DOW) Stake Reduced by Strategy Asset Managers LLC

Strategy Asset Managers LLC decreased its position in shares of Dow Chemical Co (NYSE:DOW) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 238,949 shares of the basic materials company’s stock after selling 9,558 shares during the period. Dow Chemical comprises approximately 3.3% of Strategy Asset Managers LLC’s investment portfolio, making the stock its largest position. Strategy Asset Managers LLC’s holdings in Dow Chemical were worth $15,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Green Square Capital LLC increased its position in Dow Chemical by 7.0% in the third quarter. Green Square Capital LLC now owns 83,934 shares of the basic materials company’s stock worth $4,389,000 after buying an additional 5,477 shares in the last quarter. Usca Ria LLC increased its position in Dow Chemical by 2.6% in the third quarter. Usca Ria LLC now owns 121,079 shares of the basic materials company’s stock worth $6,276,000 after buying an additional 3,052 shares in the last quarter. First Houston Capital Inc. increased its position in Dow Chemical by 29.3% in the third quarter. First Houston Capital Inc. now owns 49,000 shares of the basic materials company’s stock worth $2,540,000 after buying an additional 11,100 shares in the last quarter. Bragg Financial Advisors Inc increased its position in Dow Chemical by 2.0% in the third quarter. Bragg Financial Advisors Inc now owns 84,537 shares of the basic materials company’s stock worth $4,382,000 after buying an additional 1,620 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its position in Dow Chemical by 0.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 24,961 shares of the basic materials company’s stock worth $1,294,000 after buying an additional 99 shares in the last quarter. 69.38% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Dow Chemical Co (NYSE:DOW) opened at 63.98 on Thursday. The company’s 50 day moving average is $62.15 and its 200-day moving average is $60.72. The stock has a market capitalization of $78.16 billion, a PE ratio of 15.76 and a beta of 1.12. Dow Chemical Co has a 52 week low of $47.51 and a 52 week high of $65.42.

Dow Chemical (NYSE:DOW) last announced its earnings results on Thursday, April 27th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $13.23 billion during the quarter, compared to analyst estimates of $12.46 billion. Dow Chemical had a net margin of 6.92% and a return on equity of 13.37%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. On average, equities analysts predict that Dow Chemical Co will post $4.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 30th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.84 annualized dividend and a yield of 2.88%. Dow Chemical’s dividend payout ratio (DPR) is 54.76%.

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A number of research firms have recently weighed in on DOW. Royal Bank of Canada reissued a “buy” rating and set a $74.00 target price on shares of Dow Chemical in a research report on Tuesday, March 28th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the company a “buy” rating in a research report on Monday, March 20th. Vetr downgraded shares of Dow Chemical from a “strong-buy” rating to a “buy” rating and set a $71.22 target price for the company. in a research report on Monday, March 13th. Jefferies Group LLC raised shares of Dow Chemical from a “hold” rating to a “buy” rating and increased their target price for the company from $65.00 to $75.00 in a research report on Monday, March 6th. Finally, Erste Group began coverage on shares of Dow Chemical in a research report on Tuesday, April 25th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $69.47.

Dow Chemical Company Profile

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