Dow Chemical Co (DOW) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. cut its stake in shares of Dow Chemical Co (NYSE:DOW) by 8.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,220 shares of the basic materials company’s stock after selling 400 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Dow Chemical were worth $266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Command Bank lifted its stake in 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 acquiring an additional 436 shares during the last quarter. Perkins Coie Trust Co lifted its stake in 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 acquiring an additional 480 shares during the last quarter. Financial Architects Inc lifted its stake in Dow Chemical by 0.4% in the second quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 10 shares during the last quarter. MCF Advisors LLC lifted its stake in Dow Chemical by 49.3% in the second quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 770 shares during the last quarter. Finally, Ruggie Capital Group lifted its stake in 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 acquiring an additional 1,910 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Dow Chemical Co (NYSE:DOW) opened at 66.65 on Friday. Dow Chemical Co has a 12 month low of $51.57 and a 12 month high of $67.50. The company has a market cap of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13. The company’s 50-day moving average is $64.79 and its 200-day moving average is $63.46.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings results 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 return on equity of 19.01% and a net margin of 9.82%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. During the same quarter last year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current year.

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

A number of research firms have issued reports on DOW. BidaskClub cut shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the company a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 target price on shares of Dow Chemical in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Dow Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Cowen and Company reiterated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Dow Chemical currently has a consensus rating of “Buy” and a consensus price target of $72.02.

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About Dow Chemical

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

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