Pacific Alternative Asset Management Company LLC purchased a new stake in shares of Dow Chemical Co (NYSE:DOW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,205 shares of the basic materials company’s stock, valued at approximately $1,905,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealthfront Inc. boosted its position in Dow Chemical by 1.5% during the second quarter. Wealthfront Inc. now owns 33,309 shares of the basic materials company’s stock valued at $2,101,000 after purchasing an additional 493 shares during the last quarter. FIL Ltd acquired a new position in Dow Chemical during the second quarter valued at approximately $23,003,000. MML Investors Services LLC boosted its position in Dow Chemical by 5.8% during the second quarter. MML Investors Services LLC now owns 51,619 shares of the basic materials company’s stock valued at $3,256,000 after purchasing an additional 2,834 shares during the last quarter. TIAA FSB acquired a new position in Dow Chemical during the second quarter valued at approximately $2,338,000. Finally, Vanguard Group Inc. boosted its position in Dow Chemical by 3.4% during the second quarter. Vanguard Group Inc. now owns 83,932,612 shares of the basic materials company’s stock valued at $5,293,630,000 after purchasing an additional 2,741,153 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts recently commented on DOW shares. Alembic Global Advisors set a $85.00 price target on Dow Chemical and gave the company a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a research note on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company restated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research note on Monday, August 28th. Finally, BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $72.02.

Dow Chemical Co (NYSE DOW) opened at $66.65 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50.

Dow Chemical Company Profile

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

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