Exxonmobil Investment Management Inc. TX cut its holdings in Dow Chemical Co (NYSE:DOW) by 12.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,800 shares of the basic materials company’s stock after selling 32,080 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Dow Chemical were worth $13,611,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Command Bank increased its position in shares of Dow Chemical by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after buying an additional 436 shares in the last quarter. Perkins Coie Trust Co increased its position in shares of Dow Chemical by 33.7% in the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after buying an additional 480 shares in the last quarter. Ruggie Capital Group increased its position in shares of Dow Chemical by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock valued at $168,000 after buying an additional 1,910 shares in the last quarter. Birch Hill Investment Advisors LLC purchased a new stake in shares of Dow Chemical in the first quarter valued at approximately $197,000. Finally, Lyell Wealth Management LP purchased a new stake in shares of Dow Chemical in the first quarter valued at approximately $200,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Shares of Dow Chemical Co (DOW) remained flat at $66.65 during mid-day trading on Monday. 43,802,070 shares of the company’s stock were exchanged. The company has a market capitalization of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a 1-year low of $51.57 and a 1-year high of $67.50. The stock’s 50-day moving average price is $64.79 and its 200-day moving average price is $63.46.

Dow Chemical (NYSE:DOW) last issued its quarterly earnings data 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 firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. Dow Chemical’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, analysts anticipate 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. Investors of record on Monday, July 31st will be issued 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 presently 76.99%.

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A number of analysts have recently commented on the company. Royal Bank Of Canada restated a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a research report on Wednesday, September 6th. Alembic Global Advisors set a $85.00 price objective on Dow Chemical and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Cowen and Company restated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research report on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a research 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 stock. Dow Chemical has an average rating of “Buy” and a consensus price target of $71.62.

About Dow Chemical

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

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