Westbourne Investment Advisors Inc. cut its position in Dow Chemical Company (The) (NYSE:DOW) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 67,817 shares of the basic materials company’s stock after selling 1,000 shares during the period. Dow Chemical Company (The) makes up about 3.5% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 5th largest position. Westbourne Investment Advisors Inc.’s holdings in Dow Chemical Company (The) were worth $4,277,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC boosted its stake in Dow Chemical Company (The) by 23.1% in the first quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock worth $158,052,000 after buying an additional 467,320 shares in the last quarter. Banco Santander S.A. acquired a new stake in Dow Chemical Company (The) during the fourth quarter worth $10,434,000. Oakview Capital Management L.P. acquired a new stake in Dow Chemical Company (The) during the fourth quarter worth $9,645,000. Bremer Trust National Association boosted its stake in Dow Chemical Company (The) by 4.9% in the first quarter. Bremer Trust National Association now owns 21,010 shares of the basic materials company’s stock worth $1,335,000 after buying an additional 983 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Dow Chemical Company (The) by 17.1% in the fourth quarter. Guggenheim Capital LLC now owns 985,546 shares of the basic materials company’s stock worth $56,394,000 after buying an additional 144,259 shares in the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.

Dow Chemical Company (NYSE DOW) traded down 0.18% during midday trading on Monday, hitting $66.12. The stock had a trading volume of 1,868,033 shares. Dow Chemical Company has a 1-year low of $51.57 and a 1-year high of $66.48. The stock has a market cap of $80.78 billion, a price-to-earnings ratio of 16.29 and a beta of 1.13. The company has a 50-day moving average of $62.86 and a 200-day moving average of $61.64.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.05. The business had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $12.46 billion. Dow Chemical Company (The) had a return on equity of 16.65% and a net margin of 9.77%. Dow Chemical Company (The)’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. Equities research analysts forecast that Dow Chemical Company will post $4.05 EPS for the current year.

The business 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 $0.46 dividend. 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 2.78%. Dow Chemical Company (The)’s payout ratio is 46.82%.

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A number of equities research analysts recently weighed in on the company. BidaskClub raised Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. 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 Friday, April 28th. Cowen and Company raised their price target on 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. Vetr cut Dow Chemical Company (The) from a “strong-buy” rating to a “buy” rating and set a $71.22 price target for the company. in a report on Monday, March 27th. Finally, Zacks Investment Research cut Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $69.69.

Dow Chemical Company (The) Company Profile

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

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