Dow Chemical Co (DOW) Holdings Boosted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its holdings in shares of Dow Chemical Co (NYSE:DOW) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,513,965 shares of the basic materials company’s stock after purchasing an additional 267,975 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.45% of Dow Chemical worth $347,766,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Wexford Capital LP boosted its position in Dow Chemical by 23.9% during the first quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock worth $11,211,000 after purchasing an additional 34,058 shares in the last quarter. Personal Capital Advisors Corp boosted its position in Dow Chemical by 511.5% during the second quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock worth $4,130,000 after purchasing an additional 54,779 shares in the last quarter. Primecap Management Co. CA boosted its position in Dow Chemical by 12.2% during the first quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock worth $137,061,000 after purchasing an additional 234,375 shares in the last quarter. Muhlenkamp & Co. Inc. purchased a new position in Dow Chemical during the first quarter worth approximately $7,346,000. Finally, Sentry Investment Management LLC boosted its position in Dow Chemical by 5.5% during the first quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock worth $5,640,000 after purchasing an additional 4,636 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.
DOW has been the topic of a number of recent analyst reports. Cowen and Company reiterated a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a research report on Monday, August 28th. Alembic Global Advisors set a $85.00 price target on Dow Chemical and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 price target on shares of Dow Chemical in a research report on Thursday, July 6th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $72.02.
Dow Chemical Co (NYSE DOW) opened at 66.65 on Friday. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50. The stock has a 50 day moving average price of $64.79 and a 200 day moving average price of $63.46. The stock has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13.
Dow Chemical (NYSE:DOW) last posted its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same quarter in the prior year, the company earned $0.95 EPS. Dow Chemical’s revenue was up 15.7% on a year-over-year basis. On average, equities research analysts forecast that Dow Chemical Co will post $4.11 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, July 31st were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, July 27th. Dow Chemical’s payout ratio is currently 76.99%.
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About Dow Chemical
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