Mizuho Bank Ltd. held its stake in Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,000 shares of the basic materials company’s stock at the end of the first quarter. Dow Chemical Company (The) accounts for 0.4% of Mizuho Bank Ltd.’s investment portfolio, making the stock its 11th largest position. Mizuho Bank Ltd.’s holdings in Dow Chemical Company (The) were worth $2,859,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ruggie Capital Group raised its stake in Dow Chemical Company (The) by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after buying an additional 1,910 shares during the last quarter. Chelsea Counsel Co. purchased a new stake in Dow Chemical Company (The) during the first quarter worth $200,000. Lyell Wealth Management LP purchased a new stake in Dow Chemical Company (The) during the first quarter worth $200,000. Van Cleef Asset Management Inc purchased a new stake in Dow Chemical Company (The) during the first quarter worth $201,000. Finally, Nichols & Pratt Advisers LLP MA purchased a new stake in Dow Chemical Company (The) during the first quarter worth $202,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Shares of Dow Chemical Company (NYSE:DOW) traded up 0.28% on Wednesday, reaching $64.40. 1,275,003 shares of the company’s stock traded hands. The company’s 50-day moving average is $64.75 and its 200-day moving average is $63.33. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The firm has a market capitalization of $78.79 billion, a P/E ratio of 27.58 and a beta of 1.13.

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

The company 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 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is currently 76.99%.

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A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Cowen and Company raised their price target on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical Company (The) in a report on Tuesday. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock 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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