Dow Chemical Company (The) (NYSE:DOW) Stake Boosted by Asset Planning Services Inc. LA ADV

Asset Planning Services Inc. LA ADV increased its position in Dow Chemical Company (The) (NYSE:DOW) by 0.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 68,160 shares of the basic materials company’s stock after buying an additional 260 shares during the period. Dow Chemical Company (The) makes up approximately 3.7% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 7th largest position. Asset Planning Services Inc. LA ADV’s holdings in Dow Chemical Company (The) were worth $4,331,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Tyers Asset Management LLC purchased a new stake in Dow Chemical Company (The) during the fourth quarter valued at $18,500,000. Envestnet Asset Management Inc. boosted its stake in Dow Chemical Company (The) by 18.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 364,267 shares of the basic materials company’s stock valued at $20,845,000 after buying an additional 55,705 shares during the period. Guardian Capital LP boosted its stake in Dow Chemical Company (The) by 0.4% in the fourth quarter. Guardian Capital LP now owns 229,651 shares of the basic materials company’s stock valued at $13,141,000 after buying an additional 1,004 shares during the period. Numen Capital LLP bought a new position in shares of Dow Chemical Company (The) during the fourth quarter valued at about $10,036,000. Finally, Public Sector Pension Investment Board raised its position in shares of Dow Chemical Company (The) by 49.4% in the fourth quarter. Public Sector Pension Investment Board now owns 377,652 shares of the basic materials company’s stock valued at $21,609,000 after buying an additional 124,900 shares in the last quarter. Institutional investors and hedge funds own 68.79% of the company’s stock.

Dow Chemical Company (DOW) traded down 0.74% during trading on Tuesday, hitting $63.41. 4,199,449 shares of the stock traded hands. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50. The firm has a 50-day moving average price of $64.76 and a 200 day moving average price of $62.84. The company has a market cap of $77.58 billion, a P/E ratio of 27.16 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. On average, equities analysts expect that Dow Chemical Company will post $4.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 76.99%.

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Several brokerages recently issued reports on DOW. UBS AG reissued a “buy” rating and set a $72.00 target price on shares of Dow Chemical Company (The) in a research note on Monday, May 15th. Credit Suisse Group set a $66.00 target price on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a research note on Sunday, April 30th. Zacks Investment Research raised shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, April 18th. BidaskClub raised shares of Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Cowen and Company raised their price objective on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average 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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