British Airways Pensions Investment Management Ltd held its stake in Dow Chemical Co (NYSE:DOW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 711,161 shares of the basic materials company’s stock at the end of the 2nd quarter. Dow Chemical makes up about 1.3% of British Airways Pensions Investment Management Ltd’s holdings, making the stock its 20th biggest position. British Airways Pensions Investment Management Ltd owned approximately 0.06% of Dow Chemical worth $44,827,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Pictet Asset Management Ltd. grew its position in shares of Dow Chemical by 2.1% in the second quarter. Pictet Asset Management Ltd. now owns 618,128 shares of the basic materials company’s stock valued at $38,299,000 after purchasing an additional 13,000 shares in the last quarter. Norris Perne & French LLP MI acquired a new stake in shares of Dow Chemical in the second quarter valued at approximately $233,000. Beach Investment Management LLC. increased its holdings in shares of Dow Chemical by 1,002.3% in the second quarter. Beach Investment Management LLC. now owns 221,781 shares of the basic materials company’s stock valued at $13,988,000 after purchasing an additional 201,661 shares during the last quarter. Cambridge Trust Co. increased its holdings in shares of Dow Chemical by 3.8% in the second quarter. Cambridge Trust Co. now owns 18,404 shares of the basic materials company’s stock valued at $1,161,000 after purchasing an additional 671 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Dow Chemical by 0.7% in the second quarter. Retirement Systems of Alabama now owns 1,277,251 shares of the basic materials company’s stock valued at $80,556,000 after purchasing an additional 8,694 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

DOW has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $78.00 price objective on shares of Dow Chemical in a research report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Cowen and Company restated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a report on Monday, August 28th. BidaskClub raised Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 target price on Dow Chemical and gave the stock a “buy” rating in a research note on Thursday, July 27th. 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 assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $71.62.

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Shares of Dow Chemical Co (DOW) opened at 66.65 on Wednesday. The company’s 50 day moving average price is $64.79 and its 200-day moving average price is $63.46. The firm has a market capitalization of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a 12 month low of $51.57 and a 12 month high of $67.50.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (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 for the quarter, compared to the consensus estimate of $13.60 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts predict that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

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

Dow Chemical Profile

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

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