Mraz Amerine & Associates Inc. Continues to Hold Holdings in Dow Chemical Co (DOW)

Mraz Amerine & Associates Inc. maintained its stake in Dow Chemical Co (NYSE:DOW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,474 shares of the basic materials company’s stock at the close of the second quarter. Mraz Amerine & Associates Inc.’s holdings in Dow Chemical were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOW. Vanguard Group Inc. lifted its stake in Dow Chemical by 7.6% in the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after acquiring an additional 5,722,128 shares during the last quarter. Jana Partners LLC acquired a new stake in Dow Chemical in the first quarter valued at approximately $225,688,000. Glenview Capital Management LLC lifted its stake in Dow Chemical by 34.8% in the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after acquiring an additional 3,066,049 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Dow Chemical by 26.8% in the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after acquiring an additional 2,237,295 shares during the last quarter. Finally, FMR LLC lifted its stake in Dow Chemical by 11.8% in the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after acquiring an additional 1,638,866 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have issued reports on DOW. Royal Bank Of Canada reiterated a “buy” rating and issued a $78.00 target price on shares of Dow Chemical in a research note on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company reiterated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a research note on Monday, August 28th. BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the company a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued 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 target price of $71.62.

Shares of Dow Chemical Co (DOW) opened at 66.65 on Tuesday. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50. The stock has a 50 day moving average of $64.79 and a 200-day moving average of $63.46. The firm has a market capitalization of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Thursday, July 27th. Dow Chemical’s payout ratio is presently 76.99%.

Dow Chemical Profile

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

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