Synovus Financial Corp Sells 43 Shares of Dow Chemical Co (DOW)

Synovus Financial Corp decreased its stake in shares of Dow Chemical Co (NYSE:DOW) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,356 shares of the basic materials company’s stock after selling 43 shares during the period. Synovus Financial Corp’s holdings in Dow Chemical were worth $2,231,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in DOW. Vanguard Group Inc. grew its position in shares of Dow Chemical by 7.6% in the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after purchasing an additional 5,722,128 shares during the period. Jana Partners LLC purchased a new stake in shares of Dow Chemical in the first quarter valued at $225,688,000. Glenview Capital Management LLC grew its position in shares of Dow Chemical by 34.8% in the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after purchasing an additional 3,066,049 shares during the period. Ameriprise Financial Inc. grew its position in shares of Dow Chemical by 26.8% in the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after purchasing an additional 2,237,295 shares during the period. Finally, FMR LLC grew its position in shares of Dow Chemical by 11.8% in the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after purchasing an additional 1,638,866 shares during the period. 67.77% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on DOW. BidaskClub cut Dow Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $78.00 target price on shares of Dow Chemical in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Cowen and Company reiterated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a report on Friday, July 14th. Finally, Alembic Global Advisors set a $85.00 target price on Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.02.

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Dow Chemical Company Profile

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

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