Zions Bancorporation trimmed its stake in Dow Chemical Co (NYSE:DOW) by 12.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,160 shares of the basic materials company’s stock after selling 459 shares during the period. Zions Bancorporation’s holdings in Dow Chemical were worth $202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cypress Capital Management LLC grew its position in shares of Dow Chemical by 0.3% in the 1st quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after buying an additional 12 shares during the last quarter. Capital Management Corp VA grew its position in shares of Dow Chemical by 0.3% in the 1st quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock valued at $285,000 after buying an additional 15 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Dow Chemical by 0.3% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock valued at $274,000 after buying an additional 15 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its position in shares of Dow Chemical by 0.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock valued at $319,000 after buying an additional 17 shares during the last quarter. Finally, Financial Advisory Service Inc. grew its position in shares of Dow Chemical by 0.4% in the 1st quarter. Financial Advisory Service Inc. now owns 5,529 shares of the basic materials company’s stock valued at $351,000 after buying an additional 23 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 recent analyst reports. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a research report on Monday, August 28th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub raised shares of Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of Dow Chemical in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $71.62.

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

Dow Chemical (NYSE:DOW) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share 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 firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities research analysts expect that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

The firm also recently announced 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 annualized dividend and a yield of 2.76%. Dow Chemical’s payout ratio is 76.99%.

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Dow Chemical Company Profile

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

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