Dixon Hubard Feinour & Brown Inc. VA Maintains Stake in Dow Chemical Company (The) (NYSE:DOW)

Dixon Hubard Feinour & Brown Inc. VA continued to hold its stake in shares of Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,455 shares of the basic materials company’s stock at the end of the first quarter. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Dow Chemical Company (The) were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $327,158,000. Ameriprise Financial Inc. increased its stake in shares of Dow Chemical Company (The) by 26.8% in the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock worth $674,160,000 after buying an additional 2,237,295 shares in the last quarter. I.G. Investment Management LTD. increased its stake in shares of Dow Chemical Company (The) by 540.3% in the fourth quarter. I.G. Investment Management LTD. now owns 2,263,254 shares of the basic materials company’s stock worth $129,503,000 after buying an additional 1,909,784 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $56,519,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Dow Chemical Company (The) by 62.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,452,826 shares of the basic materials company’s stock worth $155,853,000 after buying an additional 947,543 shares in the last quarter. Institutional investors own 68.79% of the company’s stock.

Dow Chemical Company (NYSE:DOW) opened at 63.26 on Friday. The company’s 50-day moving average is $64.62 and its 200 day moving average is $63.06. Dow Chemical Company has a one year low of $51.57 and a one year high of $67.50. The company has a market capitalization of $77.40 billion, a P/E ratio of 27.09 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. On average, equities analysts anticipate that Dow Chemical Company will post $4.08 earnings per share for the current year.

The firm 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is currently 76.99%.

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A number of analysts have issued reports on DOW shares. Citigroup Inc. reiterated a “hold” rating and issued a $35.00 price target (down from $69.00) on shares of Dow Chemical Company (The) in a report on Friday, April 14th. BidaskClub upgraded shares of Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, April 18th. Barclays PLC lifted their price target on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Finally, Erste Group started coverage on shares of Dow Chemical Company (The) in a report on Tuesday, April 25th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $71.42.

Dow Chemical Company (The) Company Profile

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

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