Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Decreases Stake in Dow Chemical Co (DOW)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its holdings in Dow Chemical Co (NYSE:DOW) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,609 shares of the basic materials company’s stock after selling 6,513 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dow Chemical were worth $11,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Command Bank boosted its stake in Dow Chemical by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 436 shares in the last quarter. Perkins Coie Trust Co boosted its stake in Dow Chemical by 33.7% in the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 480 shares in the last quarter. Financial Architects Inc boosted its stake in Dow Chemical by 0.4% in the second quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 10 shares in the last quarter. MCF Advisors LLC boosted its stake in Dow Chemical by 49.3% in the second quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock worth $147,000 after purchasing an additional 770 shares in the last quarter. Finally, Ruggie Capital Group boosted its stake in Dow Chemical by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 1,910 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

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Dow Chemical Co (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’s 50-day moving average price is $64.79 and its 200 day moving average price is $63.46. The firm 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 posted its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the previous year, the firm posted $0.95 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts predict that Dow Chemical Co will post $4.11 earnings per share for the current year.

A number of equities analysts have commented on the company. BidaskClub raised Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Zacks Investment Research lowered Dow Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. Finally, Cowen and Company reiterated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $72.02.

About Dow Chemical

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

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