Cape Cod Five Cents Savings Bank Has $485,000 Stake in Dow Chemical Company (The) (DOW)

Cape Cod Five Cents Savings Bank lowered its position in Dow Chemical Company (The) (NYSE:DOW) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,682 shares of the basic materials company’s stock after selling 300 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Dow Chemical Company (The) were worth $485,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CrestPoint Capital Management LLC raised its stake in shares of Dow Chemical Company (The) by 0.6% in the second quarter. CrestPoint Capital Management LLC now owns 33,800 shares of the basic materials company’s stock worth $2,132,000 after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Dow Chemical Company (The) by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 197,132 shares of the basic materials company’s stock worth $12,433,000 after buying an additional 800 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Dow Chemical Company (The) by 13.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 4,868 shares of the basic materials company’s stock worth $307,000 after buying an additional 570 shares in the last quarter. CENTRAL TRUST Co increased its stake in Dow Chemical Company (The) by 0.6% in the second quarter. CENTRAL TRUST Co now owns 71,805 shares of the basic materials company’s stock worth $4,529,000 after buying an additional 439 shares in the last quarter. Finally, Portfolio Solutions LLC purchased a new stake in Dow Chemical Company (The) during the second quarter worth about $580,000. Institutional investors and hedge funds own 68.79% of the company’s stock.

Shares of Dow Chemical Company (DOW) traded up 0.24% on Friday, reaching $63.26. The company had a trading volume of 4,990,267 shares. The stock’s 50 day moving average is $64.62 and its 200 day moving average is $63.06. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The firm has a market capitalization of $77.40 billion, a price-to-earnings ratio of 27.09 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. On average, equities analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

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Several equities analysts have recently weighed in on DOW shares. BidaskClub upgraded Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a research report on Friday, April 28th. Cowen and Company lifted their price target on Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Zacks Investment Research cut Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Barclays PLC boosted their target price on Dow Chemical Company (The) from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued 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 $71.42.

About Dow Chemical Company (The)

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

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