1st Global Advisors Inc. Sells 399 Shares of Dow Chemical Company (The) (DOW)

1st Global Advisors Inc. reduced its position in Dow Chemical Company (The) (NYSE:DOW) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,312 shares of the basic materials company’s stock after selling 399 shares during the period. 1st Global Advisors Inc.’s holdings in Dow Chemical Company (The) were worth $655,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Pinnacle Bank purchased a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $103,000. West Oak Capital LLC boosted its stake in shares of Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 shares during the period. First Financial Corp IN boosted its stake in shares of 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 during the period. Cable Hill Partners LLC boosted its stake in shares of Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock worth $112,000 after buying an additional 124 shares during the period. Finally, Chelsea Counsel Co. purchased a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $200,000. 68.36% of the stock is owned by hedge funds and other institutional investors.

Dow Chemical Company (NYSE:DOW) traded up 0.35% during trading on Friday, reaching $63.40. 5,432,018 shares of the company’s stock traded hands. The company has a 50-day moving average price of $64.66 and a 200 day moving average price of $63.17. Dow Chemical Company has a one year low of $51.57 and a one year high of $67.50. The firm has a market capitalization of $77.57 billion, a PE ratio of 27.15 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $13.60 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

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

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A number of brokerages have recently issued reports on DOW. BidaskClub raised shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical Company (The) in a research note on Friday, April 28th. Cowen and Company increased their price objective on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 31st. Zacks Investment Research cut shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Barclays PLC raised their target price 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. Two 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 issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $71.42.

About Dow Chemical Company (The)

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

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