MUFG Americas Holdings Corp Sells 3,385 Shares of Dow Chemical Co (DOW)

MUFG Americas Holdings Corp reduced its holdings in shares of Dow Chemical Co (NYSE:DOW) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,060 shares of the basic materials company’s stock after selling 3,385 shares during the period. MUFG Americas Holdings Corp’s holdings in Dow Chemical were worth $7,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DOW. First Command Bank lifted its position 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 valued at $102,000 after acquiring an additional 436 shares during the period. Perkins Coie Trust Co lifted its position 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 valued at $120,000 after acquiring an additional 480 shares during the period. Financial Architects Inc lifted its position 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 valued at $144,000 after acquiring an additional 10 shares during the period. MCF Advisors LLC lifted its position 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 valued at $147,000 after acquiring an additional 770 shares during the period. Finally, Ruggie Capital Group lifted its position in Dow Chemical by 262.7% during the 1st 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 period. 67.77% of the stock is owned by institutional investors.

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Dow Chemical Co (NYSE:DOW) opened at 66.65 on Friday. Dow Chemical Co has a one year low of $51.57 and a one year high of $67.50. The firm has a 50-day moving average of $64.79 and a 200 day moving average of $63.46. The stock has a market capitalization of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. Dow Chemical’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. On average, equities research analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. BidaskClub cut shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research report on Wednesday, September 6th. Zacks Investment Research cut shares of Dow Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Cowen and Company reissued a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a research report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.02.

Dow Chemical Company Profile

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

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