5,670 Shares in Dow Chemical Co (DOW) Acquired by BB&T Investment Services Inc.

BB&T Investment Services Inc. purchased a new position in Dow Chemical Co (NYSE:DOW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,670 shares of the basic materials company’s stock, valued at approximately $358,000.

Other hedge funds have also made changes to their positions in the company. First Command Bank grew its stake in Dow Chemical by 36.9% during the 2nd quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after buying an additional 436 shares during the last quarter. Perkins Coie Trust Co grew its stake in Dow Chemical by 33.7% during the 2nd quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock worth $120,000 after buying an additional 480 shares during the last quarter. BDO Wealth Advisors LLC purchased a new position in Dow Chemical during the 2nd quarter worth $121,000. Financial Architects Inc grew its stake in Dow Chemical by 0.4% during the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock worth $144,000 after buying an additional 10 shares during the last quarter. Finally, MCF Advisors LLC grew its stake in Dow Chemical by 49.3% during the 2nd quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock worth $147,000 after buying an additional 770 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Dow Chemical Co (NYSE:DOW) remained flat at $$66.65 during trading 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 fifty-two week low of $51.57 and a fifty-two week high of $67.50.

Several analysts have weighed in on DOW shares. Royal Bank Of Canada reiterated a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. Jefferies Group reiterated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen reiterated a “hold” rating and set a $60.00 price target 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 research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Dow Chemical currently has a consensus rating of “Buy” and a consensus target price 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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