Dow Chemical Company (The) (DOW) is Omega Advisors Inc.’s 6th Largest Position

Omega Advisors Inc. held its position in shares of Dow Chemical Company (The) (NYSE:DOW) during the first quarter, Holdings Channel reports. The fund owned 1,363,100 shares of the basic materials company’s stock at the end of the first quarter. Dow Chemical Company (The) comprises 3.5% of Omega Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Omega Advisors Inc.’s holdings in Dow Chemical Company (The) were worth $86,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DOW. Pinnacle Bank purchased a new stake in Dow Chemical Company (The) during the first quarter worth about $103,000. First Financial Corp IN raised its stake in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares in the last quarter. Ruggie Capital Group raised its stake in Dow Chemical Company (The) by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after buying an additional 1,910 shares in the last quarter. Birch Hill Investment Advisors LLC purchased a new stake in Dow Chemical Company (The) during the first quarter worth about $197,000. Finally, Lyell Wealth Management LP purchased a new stake in Dow Chemical Company (The) during the first quarter worth about $200,000. 68.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dow Chemical Company (NYSE DOW) traded down 0.79% during mid-day trading on Thursday, hitting $63.00. 719,203 shares of the company were exchanged. The stock’s 50-day moving average price is $64.65 and its 200 day moving average price is $63.02. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The stock has a market cap of $77.08 billion, a PE ratio of 26.98 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS 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 Company (The) had a return on equity of 17.08% and a net margin of 5.83%. Dow Chemical Company (The)’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. On average, equities analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be paid a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.90%. Dow Chemical Company (The)’s payout ratio is 76.99%.

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A number of analysts have recently issued reports on the stock. UBS AG reiterated a “buy” rating and set a $72.00 price objective on shares of Dow Chemical Company (The) in a research note on Monday, May 15th. BidaskClub lowered shares of Dow Chemical Company (The) from a “sell” rating to a “strong sell” rating in a research note on Thursday. Credit Suisse Group set a $66.00 price objective on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Sunday, April 30th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Cowen and Company lifted their price objective on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $71.42.

About Dow Chemical Company (The)

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 Company (The) (NYSE:DOW).

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

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