Dow Chemical Company (The) (NYSE:DOW) Shares Bought by Bank of The Ozarks

Bank of The Ozarks raised its stake in Dow Chemical Company (The) (NYSE:DOW) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,464 shares of the basic materials company’s stock after buying an additional 700 shares during the period. Bank of The Ozarks’ holdings in Dow Chemical Company (The) were worth $792,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. boosted 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 worth $674,160,000 after buying an additional 2,237,295 shares during the period. Canada Pension Plan Investment Board boosted its stake in Dow Chemical Company (The) by 62.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,452,826 shares of the basic materials company’s stock valued at $155,853,000 after buying an additional 947,543 shares during the last quarter. Swiss National Bank boosted its stake in Dow Chemical Company (The) by 26.6% in the first quarter. Swiss National Bank now owns 3,973,482 shares of the basic materials company’s stock valued at $252,475,000 after buying an additional 835,000 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in Dow Chemical Company (The) by 56.1% in the first quarter. State of Tennessee Treasury Department now owns 1,394,682 shares of the basic materials company’s stock valued at $88,618,000 after buying an additional 501,371 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Dow Chemical Company (The) during the first quarter valued at $30,130,000. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

Dow Chemical Company (NYSE DOW) traded up 0.35% during mid-day trading on Friday, reaching $63.40. 5,432,018 shares of the company’s stock were exchanged. The company has a 50-day moving average of $64.66 and a 200-day moving average of $63.17. The stock has a market cap of $77.57 billion, a price-to-earnings ratio of 27.15 and a beta of 1.13. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly 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. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. Dow Chemical Company (The)’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. Equities research analysts anticipate that Dow Chemical Company will post $4.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders 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 yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is currently 76.99%.

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A number of brokerages have commented on DOW. BidaskClub upgraded 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 reaffirmed a “buy” rating and set a $76.00 price objective on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Cowen and Company raised their price target on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, May 31st. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Barclays PLC raised their price target on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a 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 issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.42.

Dow Chemical Company (The) Company Profile

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

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