Calamos Advisors LLC Has $31,160,000 Stake in Dow Chemical Co. (DOW)
Calamos Advisors LLC increased its position in Dow Chemical Co. (NYSE:DOW) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 626,828 shares of the company’s stock after buying an additional 68 shares during the period. Calamos Advisors LLC owned approximately 0.06% of Dow Chemical worth $31,160,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Virginia Retirement System bought a new stake in shares of Dow Chemical during the first quarter worth approximately $8,648,000. Alexandria Capital LLC raised its position in Dow Chemical by 99.4% in the first quarter. Alexandria Capital LLC now owns 34,448 shares of the company’s stock worth $1,752,000 after buying an additional 17,176 shares during the period. Buffington Mohr McNeal acquired a new position in Dow Chemical during the first quarter worth $358,000. Mn Services Vermogensbeheer B.V. acquired a new position in Dow Chemical during the first quarter worth $1,254,000. Finally, Aperio Group LLC raised its position in Dow Chemical by 6.1% in the first quarter. Aperio Group LLC now owns 444,544 shares of the company’s stock worth $22,610,000 after buying an additional 25,614 shares during the period. Institutional investors and hedge funds own 67.52% of the company’s stock.
Shares of Dow Chemical Co. (NYSE:DOW) traded up 0.19% during midday trading on Friday, hitting $51.83. The stock had a trading volume of 6,649,584 shares. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 7.57 and a beta of 1.52. Dow Chemical Co. has a 52-week low of $40.26 and a 52-week high of $57.10. The firm’s 50 day moving average price is $53.06 and its 200 day moving average price is $52.20.
Dow Chemical (NYSE:DOW) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. Dow Chemical had a return on equity of 18.86% and a net margin of 18.31%. The firm earned $12 billion during the quarter, compared to analyst estimates of $11.24 billion. During the same quarter in the previous year, the business earned $0.91 EPS. Dow Chemical’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts expect that Dow Chemical Co. will post $3.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.84 annualized dividend and a yield of 3.55%. Dow Chemical’s dividend payout ratio (DPR) is currently 27.10%.
DOW has been the subject of a number of recent analyst reports. Vetr lowered Dow Chemical from a “hold” rating to a “sell” rating and set a $52.40 price objective for the company. in a research note on Monday, August 29th. JPMorgan Chase & Co. raised Dow Chemical from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $50.00 to $60.00 in a research note on Friday, July 29th. Nomura upped their price objective on Dow Chemical from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Monday, June 27th. Finally, RBC Capital Markets set a $65.00 price objective on Dow Chemical and gave the stock a “buy” rating in a research note on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $59.83.
About Dow Chemical
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