Verition Fund Management LLC Sells 2,979 Shares of Dow Chemical Co (DOW)

Verition Fund Management LLC trimmed its holdings in Dow Chemical Co (NYSE:DOW) by 23.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,521 shares of the basic materials company’s stock after selling 2,979 shares during the period. Verition Fund Management LLC’s holdings in Dow Chemical were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Dow Chemical by 7.6% during the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock worth $5,158,905,000 after purchasing an additional 5,722,128 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in Dow Chemical during the second quarter worth about $274,667,000. Jana Partners LLC acquired a new stake in Dow Chemical during the first quarter worth about $225,688,000. BlackRock Inc. increased its position in Dow Chemical by 3.8% during the second quarter. BlackRock Inc. now owns 83,423,778 shares of the basic materials company’s stock worth $5,261,538,000 after purchasing an additional 3,075,321 shares during the last quarter. Finally, Glenview Capital Management LLC increased its position in Dow Chemical by 34.8% during the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock worth $753,847,000 after purchasing an additional 3,066,049 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

DOW has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $78.00 price objective on shares of Dow Chemical in a research report on Wednesday, September 6th. Jefferies Group restated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Cowen restated a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a research report on Monday, August 28th. Finally, BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Dow Chemical has an average rating of “Buy” and an average price target of $72.02.

Shares of Dow Chemical Co (NYSE DOW) opened at $66.65 on Tuesday. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50. The company has a current ratio of 1.93, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68.

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Dow Chemical Company Profile

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

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