Zurich Insurance Group Ltd FI Sells 62,770 Shares of Dow Chemical Co (NYSE:DOW)

Zurich Insurance Group Ltd FI cut its stake in Dow Chemical Co (NYSE:DOW) by 26.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,507 shares of the basic materials company’s stock after selling 62,770 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Dow Chemical were worth $10,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Dow Chemical by 3.4% in the second quarter. Vanguard Group Inc. now owns 83,932,612 shares of the basic materials company’s stock valued at $5,293,630,000 after purchasing an additional 2,741,153 shares during the period. BlackRock Inc. increased its stake in shares of 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 buying an additional 3,075,321 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Dow Chemical by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 16,655,781 shares of the basic materials company’s stock worth $1,050,480,000 after buying an additional 114,858 shares during the period. Third Point LLC increased its stake in shares of Dow Chemical by 1.9% during the second quarter. Third Point LLC now owns 16,000,000 shares of the basic materials company’s stock worth $1,009,120,000 after buying an additional 300,000 shares during the period. Finally, FMR LLC increased its stake in Dow Chemical by 11.8% in the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after purchasing an additional 1,638,866 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

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

A number of equities research analysts have commented on the company. Cowen reissued a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a report on Monday, August 28th. Jefferies Group reiterated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a report on Wednesday, September 6th. 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 assigned a strong buy rating to the company’s stock. Dow Chemical has a consensus rating of “Buy” and an average price target of $72.02.

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Dow Chemical Profile

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

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