Advisors Preferred LLC grew its stake in Dow Chemical Co (NYSE:DOW) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,581 shares of the basic materials company’s stock after buying an additional 788 shares during the quarter. Advisors Preferred LLC’s holdings in Dow Chemical were worth $415,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wexford Capital LP increased its position in Dow Chemical by 23.9% in the first quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock worth $11,211,000 after buying an additional 34,058 shares in the last quarter. Personal Capital Advisors Corp increased its position in Dow Chemical by 511.5% in the second quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock worth $4,130,000 after buying an additional 54,779 shares in the last quarter. Primecap Management Co. CA increased its position in Dow Chemical by 12.2% in 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 buying an additional 234,375 shares in the last quarter. Muhlenkamp & Co. Inc. purchased a new stake in Dow Chemical in the first quarter worth about $7,346,000. Finally, Sentry Investment Management LLC increased its position in Dow Chemical by 5.5% in the first quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock worth $5,640,000 after buying an additional 4,636 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.
A number of brokerages have commented on DOW. BidaskClub cut Dow Chemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. 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. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price target on shares of Dow Chemical in a research report on Thursday, July 6th. Zacks Investment Research cut Dow Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Cowen and Company restated a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Dow Chemical has an average rating of “Buy” and a consensus price target of $72.02.
Shares of Dow Chemical Co (NYSE:DOW) opened at 66.65 on Thursday. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50. The stock has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. The company’s 50 day moving average price is $64.79 and its 200 day moving average price is $63.46.
Dow Chemical (NYSE:DOW) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $13.60 billion. During the same quarter in the previous year, the business earned $0.95 EPS. Dow Chemical’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current year.
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About Dow Chemical
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