Oppenheimer & Co. Inc. Has $13.12 Million Position in Dow Chemical Company (The) (DOW)

Oppenheimer & Co. Inc. reduced its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 5.1% during the first quarter, Holdings Channel reports. The firm owned 206,484 shares of the basic materials company’s stock after selling 11,169 shares during the period. Oppenheimer & Co. Inc.’s holdings in Dow Chemical Company (The) were worth $13,121,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DOW. Vanguard Group Inc. raised its stake in Dow Chemical Company (The) 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 buying an additional 5,722,128 shares during the period. Ameriprise Financial Inc. raised its stake in Dow Chemical Company (The) 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 buying an additional 2,237,295 shares during the period. FMR LLC raised its stake in Dow Chemical Company (The) 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 buying an additional 1,638,866 shares during the period. Investec Asset Management LTD raised its stake in Dow Chemical Company (The) by 50.6% in the first quarter. Investec Asset Management LTD now owns 3,853,771 shares of the basic materials company’s stock valued at $244,869,000 after buying an additional 1,294,358 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Dow Chemical Company (The) during the first quarter valued at approximately $67,052,000. Hedge funds and other institutional investors own 68.79% of the company’s stock.

Dow Chemical Company (NYSE:DOW) traded down 0.644% on Thursday, hitting $63.091. 865,952 shares of the stock were exchanged. The company has a 50-day moving average of $64.65 and a 200-day moving average of $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 $77.19 billion, a price-to-earnings ratio of 27.020 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. On average, equities analysts predict that Dow Chemical Company will post $4.08 EPS for the current year.

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

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Several equities research analysts have commented on DOW shares. Citigroup Inc. reiterated a “hold” rating and issued a $35.00 price objective (down previously from $69.00) on shares of Dow Chemical Company (The) in a research note on Friday, April 14th. BidaskClub upgraded shares of Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Tuesday, April 18th. Barclays PLC increased their price objective on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Finally, Erste Group started coverage on shares of Dow Chemical Company (The) in a research note on Tuesday, April 25th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently 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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