USA Financial Portformulas Corp Invests $280,000 in Dow Chemical Co (DOW)

USA Financial Portformulas Corp acquired a new stake in shares of Dow Chemical Co (NYSE:DOW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,439 shares of the basic materials company’s stock, valued at approximately $280,000.

Several other institutional investors have also recently made changes to their positions in DOW. Vanguard Group Inc. increased its position in shares of Dow Chemical by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after purchasing an additional 5,722,128 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in Dow Chemical during the 2nd quarter valued at about $274,667,000. Jana Partners LLC purchased a new stake in Dow Chemical during the 1st quarter valued at about $225,688,000. BlackRock Inc. boosted its holdings in Dow Chemical by 3.8% during the 2nd quarter. BlackRock Inc. now owns 83,423,778 shares of the basic materials company’s stock valued at $5,261,538,000 after acquiring an additional 3,075,321 shares during the period. Finally, Glenview Capital Management LLC boosted its holdings in Dow Chemical by 34.8% during the 1st 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 period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Shares of Dow Chemical Co (NYSE:DOW) opened at $66.65 on Thursday. Dow Chemical Co has a fifty-two week low of $51.57 and a fifty-two week high of $67.50. The company has a quick ratio of 1.32, a current ratio of 1.93 and a debt-to-equity ratio of 0.68.

Several equities research analysts recently weighed in on DOW shares. BidaskClub cut Dow Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Cowen restated a “hold” rating and set a $60.00 target price on shares of Dow Chemical in a report on Monday, August 28th. Jefferies Group restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $78.00 target price on shares of Dow Chemical in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Dow Chemical currently has a consensus rating of “Buy” and an average target price of $72.02.

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About Dow Chemical

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

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