Dow Chemical Company (The) (DOW) Shares Bought by South State Corp

South State Corp boosted its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 120.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,315 shares of the basic materials company’s stock after buying an additional 38,428 shares during the period. South State Corp’s holdings in Dow Chemical Company (The) were worth $4,468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pinnacle Bank acquired a new stake in shares of Dow Chemical Company (The) during the first quarter worth approximately $103,000. West Oak Capital LLC raised its stake in shares of Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 shares in the last quarter. First Financial Corp IN raised its stake in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock valued at $107,000 after buying an additional 750 shares during the period. Cable Hill Partners LLC raised its stake in Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock valued at $112,000 after buying an additional 124 shares during the period. Finally, Lyell Wealth Management LP purchased a new stake in Dow Chemical Company (The) during the first quarter valued at about $200,000. Hedge funds and other institutional investors own 68.79% of the company’s stock.

Shares of Dow Chemical Company (NYSE DOW) opened at 63.41 on Wednesday. The firm has a market cap of $77.58 billion, a P/E ratio of 27.16 and a beta of 1.13. Dow Chemical Company has a 12 month low of $51.57 and a 12 month high of $67.50. The stock’s 50 day moving average is $64.76 and its 200 day moving average is $62.84.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping 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 Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Equities research analysts expect that Dow Chemical Company will post $4.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is 76.99%.

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Several brokerages have recently weighed in on DOW. UBS AG reissued a “buy” rating and issued a $72.00 price objective on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Sunday, April 30th. Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Cowen and Company raised their price target 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Dow Chemical Company (The) has an average rating of “Buy” and a consensus target price of $71.42.

About Dow Chemical Company (The)

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

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