Jaffetilchin Investment Partners LLC Lowers Stake in Dow Chemical Co (DOW)

Jaffetilchin Investment Partners LLC cut its holdings in shares of Dow Chemical Co (NYSE:DOW) by 15.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,980 shares of the basic materials company’s stock after selling 1,409 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Dow Chemical were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DOW. LLBH Private Wealth Management LLC purchased a new stake in shares of Dow Chemical during the 2nd quarter worth $205,000. State of Wisconsin Investment Board boosted its position in shares of Dow Chemical by 29.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,553,991 shares of the basic materials company’s stock worth $98,010,000 after purchasing an additional 357,180 shares in the last quarter. WASHINGTON TRUST Co boosted its position in shares of Dow Chemical by 1.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 167,064 shares of the basic materials company’s stock worth $10,537,000 after purchasing an additional 2,930 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX boosted its position in shares of Dow Chemical by 4.5% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 51,244 shares of the basic materials company’s stock worth $3,232,000 after purchasing an additional 2,210 shares in the last quarter. Finally, Advisors Preferred LLC boosted its position in shares of Dow Chemical by 13.6% during the 2nd quarter. Advisors Preferred LLC now owns 6,581 shares of the basic materials company’s stock worth $415,000 after purchasing an additional 788 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Dow Chemical Co (NYSE:DOW) opened at 66.65 on Friday. The firm has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. The company has a 50-day moving average of $64.79 and a 200 day moving average of $63.46. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50.

Dow Chemical (NYSE:DOW) last announced its earnings results 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 business 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%. Dow Chemical’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. On average, equities analysts predict that Dow Chemical Co will post $4.11 earnings per share for the current year.

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Several brokerages have commented on DOW. BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Zacks Investment Research lowered shares of Dow Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating and set a $78.00 target price on shares of Dow Chemical in a research report on Wednesday, September 6th. Finally, Cowen and Company restated a “hold” rating and set a $60.00 target price on shares of Dow Chemical in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $72.02.

About Dow Chemical

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

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