Checchi Capital Advisers LLC decreased its position in Dow Chemical Co (NYSE:DOW) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,823 shares of the basic materials company’s stock after selling 482 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Dow Chemical were worth $746,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. First Command Bank grew its position in Dow Chemical by 36.9% during the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after buying an additional 436 shares in the last quarter. Perkins Coie Trust Co lifted its stake in Dow Chemical by 33.7% during the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 480 shares during the last quarter. Financial Architects Inc lifted its stake in Dow Chemical by 0.4% during the second quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 10 shares during the last quarter. MCF Advisors LLC lifted its stake in Dow Chemical by 49.3% during the second quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock worth $147,000 after purchasing an additional 770 shares during the last quarter. Finally, Ruggie Capital Group lifted its stake in Dow Chemical by 262.7% during the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 1,910 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.
Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Friday. The stock’s 50 day moving average is $64.79 and its 200-day moving average is $63.46. The company has a market capitalization of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same period last year, the company posted $0.95 EPS. The business’s revenue was up 15.7% on a year-over-year basis. Analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Checchi Capital Advisers LLC Decreases Stake in Dow Chemical Co (DOW)” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/10/13/checchi-capital-advisers-llc-decreases-stake-in-dow-chemical-co-dow.html.
Several research firms have weighed in on DOW. BidaskClub cut Dow Chemical from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a report on Wednesday, September 6th. Zacks Investment Research downgraded Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Cowen and Company restated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a report on Friday, July 14th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.02.
Dow Chemical Profile
Receive News & Ratings for Dow Chemical Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Co and related companies with MarketBeat.com's FREE daily email newsletter.