Accident Compensation Corp increased its stake in Dow Chemical Company (The) (NYSE:DOW) by 57.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,900 shares of the basic materials company’s stock after buying an additional 13,900 shares during the period. Accident Compensation Corp’s holdings in Dow Chemical Company (The) were worth $2,408,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cypress Capital Management LLC raised its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after buying an additional 12 shares during the last quarter. Capital Management Corp VA raised its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock valued at $285,000 after buying an additional 15 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock valued at $319,000 after buying an additional 17 shares during the last quarter. Financial Advisory Service Inc. raised its stake in Dow Chemical Company (The) by 0.4% in the first quarter. Financial Advisory Service Inc. now owns 5,529 shares of the basic materials company’s stock valued at $351,000 after buying an additional 23 shares during the last quarter. Finally, Bienville Capital Management LLC raised its stake in Dow Chemical Company (The) by 0.6% in the first quarter. Bienville Capital Management LLC now owns 4,294 shares of the basic materials company’s stock valued at $275,000 after buying an additional 24 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Dow Chemical Company (NYSE DOW) traded down 0.53% during mid-day trading on Tuesday, hitting $64.33. 608,799 shares of the company’s stock were exchanged. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The firm has a 50 day moving average price of $64.75 and a 200-day moving average price of $63.33. The company has a market capitalization of $78.70 billion, a price-to-earnings ratio of 27.55 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. Dow Chemical Company (The)’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is currently 76.99%.

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Several research firms have recently issued reports on DOW. Cowen and Company reissued a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical Company (The) in a research report on Monday. BidaskClub raised shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical Company (The) 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 target price on shares of Dow Chemical Company (The) in a research note on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $71.42.

About Dow Chemical Company (The)

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

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