Kistler Tiffany Companies LLC Continues to Hold Stake in Dow Chemical Co (DOW)
Kistler Tiffany Companies LLC held its stake in shares of Dow Chemical Co (NYSE:DOW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,219 shares of the basic materials company’s stock at the end of the second quarter. Kistler Tiffany Companies LLC’s holdings in Dow Chemical were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Jennison Associates LLC boosted its position 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 buying an additional 467,320 shares during the period. Wexford Capital LP boosted its position in Dow Chemical by 23.9% in the 1st quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock valued at $11,211,000 after buying an additional 34,058 shares during the period. Personal Capital Advisors Corp boosted its position in Dow Chemical by 511.5% in the 2nd quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock valued at $4,130,000 after buying an additional 54,779 shares during the period. Primecap Management Co. CA boosted its position 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 buying an additional 234,375 shares during the period. Finally, Muhlenkamp & Co. Inc. purchased a new position in Dow Chemical in the 1st quarter valued at approximately $7,346,000. 67.77% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the stock. Cowen and Company restated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $71.62.
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Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Friday. The firm has a market capitalization of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13. The company’s 50-day moving average is $64.79 and its 200 day moving average is $63.46. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50.
Dow Chemical (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. Analysts anticipate that Dow Chemical Co will post $4.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. Dow Chemical’s dividend payout ratio (DPR) is 76.99%.
Dow Chemical Company Profile
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