Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in Dow Chemical Co (NYSE:DOW) by 27.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,736 shares of the basic materials company’s stock after selling 8,113 shares during the period. Dow Chemical comprises approximately 0.9% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 29th largest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Dow Chemical were worth $1,370,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC raised its holdings in Dow Chemical by 23.1% in the 1st quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock valued at $158,052,000 after acquiring an additional 467,320 shares in the last quarter. Primecap Management Co. CA raised its holdings in Dow Chemical by 12.2% in the 1st quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock valued at $137,061,000 after acquiring an additional 234,375 shares in the last quarter. Muhlenkamp & Co. Inc. acquired a new position in Dow Chemical in the 1st quarter valued at approximately $7,346,000. Sentry Investment Management LLC raised its holdings in Dow Chemical by 5.5% in the 1st quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock valued at $5,640,000 after acquiring an additional 4,636 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in Dow Chemical by 4.2% in the 1st quarter. Stephens Inc. AR now owns 85,447 shares of the basic materials company’s stock valued at $5,429,000 after acquiring an additional 3,429 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

DOW has been the subject of several recent research reports. BidaskClub raised Dow Chemical from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Alembic Global Advisors set a $85.00 target price on Dow Chemical and gave the stock a “buy” rating in a report on Thursday, July 27th. Cowen and Company reissued a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a report on Monday, August 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 target price on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Zacks Investment Research cut Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. 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 company’s stock. Dow Chemical has an average rating of “Buy” and an average price target of $71.62.

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Dow Chemical Co (NYSE:DOW) remained flat at $66.65 during midday trading on Friday. The company had a trading volume of 43,802,070 shares. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50. The firm’s 50 day moving average price is $64.79 and its 200 day moving average price 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 (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $13.60 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. Equities analysts expect that Dow Chemical Co will post $4.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 annualized dividend and a yield of 2.76%. Dow Chemical’s dividend payout ratio is currently 76.99%.

About Dow Chemical

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

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