Teachers Insurance & Annuity Association of America Has $12,264,000 Stake in Dow Chemical Co (DOW)

Teachers Insurance & Annuity Association of America held its stake in Dow Chemical Co (NYSE:DOW) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,000 shares of the basic materials company’s stock at the close of the first quarter. Teachers Insurance & Annuity Association of America’s holdings in Dow Chemical were worth $12,264,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Dow Chemical by 7.6% during the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock worth $5,158,905,000 after purchasing an additional 5,722,128 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Dow Chemical by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 16,540,923 shares of the basic materials company’s stock worth $1,051,010,000 after purchasing an additional 130,524 shares during the period. FMR LLC lifted its holdings in shares of Dow Chemical by 11.8% during the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock worth $985,078,000 after purchasing an additional 1,638,866 shares during the period. Glenview Capital Management LLC lifted its holdings in shares of Dow Chemical by 34.8% during the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock worth $753,847,000 after purchasing an additional 3,066,049 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Dow Chemical by 26.8% during the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock worth $674,160,000 after purchasing an additional 2,237,295 shares during the period. Institutional investors own 67.77% of the company’s stock.

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A number of brokerages have recently commented on DOW. UBS AG reiterated a “buy” rating and set a $72.00 price target on shares of Dow Chemical in a report on Monday, May 15th. BidaskClub lowered shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a report on Wednesday, September 6th. Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Cowen and Company lifted their price target on shares of Dow Chemical from $47.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $71.62.

Dow Chemical Co (DOW) remained flat at $66.65 during midday trading on Monday. 43,802,070 shares of the company’s stock were exchanged. The company has a 50-day moving average price of $64.79 and a 200-day moving average price of $63.46. The stock has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50.

Dow Chemical (NYSE:DOW) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. Dow Chemical’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. Equities research analysts forecast that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. Dow Chemical’s dividend payout ratio is currently 76.99%.

Dow Chemical Profile

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

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