Wall Street Access Asset Management LLC maintained its stake in shares of Dow Chemical Co (NYSE:DOW) during the fourth quarter, Holdings Channel reports. The fund owned 7,481 shares of the company’s stock at the end of the fourth quarter. Wall Street Access Asset Management LLC’s holdings in Dow Chemical were worth $428,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DOW. Smithfield Trust Co. raised its stake in shares of Dow Chemical by 14.2% in the third quarter. Smithfield Trust Co. now owns 1,941 shares of the company’s stock valued at $101,000 after buying an additional 241 shares in the last quarter. Kernodle & Katon Asset Management Group LLC raised its position in Dow Chemical by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 2,184 shares of the company’s stock worth $113,000 after buying an additional 108 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in Dow Chemical by 19.5% in the third quarter. Kistler Tiffany Companies LLC now owns 2,219 shares of the company’s stock worth $115,000 after buying an additional 362 shares in the last quarter. Adirondack Trust Co. raised its position in Dow Chemical by 68.6% in the third quarter. Adirondack Trust Co. now owns 2,248 shares of the company’s stock worth $117,000 after buying an additional 915 shares in the last quarter. Finally, CLS Investments LLC acquired a new position in Dow Chemical during the fourth quarter worth approximately $123,000. Hedge funds and other institutional investors own 69.38% of the company’s stock.
Shares of Dow Chemical Co (NYSE:DOW) opened at 64.02 on Tuesday. The stock has a market cap of $77.68 billion, a P/E ratio of 18.19 and a beta of 1.12. The stock has a 50 day moving average of $62.68 and a 200 day moving average of $57.26. Dow Chemical Co has a one year low of $47.51 and a one year high of $64.73.
Dow Chemical (NYSE:DOW) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.11. Dow Chemical had a net margin of 8.97% and a return on equity of 16.85%. The firm had revenue of $13 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm posted $0.93 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. Equities analysts expect that Dow Chemical Co will post $4.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.84 dividend on an annualized basis and a yield of 2.87%. Dow Chemical’s dividend payout ratio (DPR) is 54.76%.
TRADEMARK VIOLATION WARNING: This piece was published by Mideast Time and is the property of of Mideast Time. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.mideasttime.com/wall-street-access-asset-management-llc-has-428000-position-in-dow-chemical-co-dow/1590333.html.
DOW has been the topic of a number of recent research reports. Vetr lowered shares of Dow Chemical from a “buy” rating to a “hold” rating and set a $57.93 price objective on the stock. in a research note on Wednesday, November 30th. Royal Bank of Canada lifted their price objective on shares of Dow Chemical from $68.00 to $72.00 and gave the company a “top pick” rating in a research note on Monday, December 19th. Sanford C. Bernstein restated an “overweight” rating on shares of Dow Chemical in a research note on Friday, December 23rd. Zacks Investment Research upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, December 30th. Finally, Credit Suisse Group AG set a $66.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a research note on Friday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $68.02.
Dow Chemical Company Profile
Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Co (NYSE:DOW).
Receive News & Ratings for Dow Chemical Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Co and related companies with MarketBeat.com's FREE daily email newsletter.