Sequent Asset Management Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Sequent Asset Management reduced its stake in Dow Chemical Co by 2.06% during the most recent quarter end. The investment management company now holds a total of 6,672 shares of Dow Chemical Co which is valued at $356,485 after selling 140 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Dow Chemical Co makes up approximately 0.23% of Sequent Asset Management’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in DOW in the latest quarter, The investment management firm added 472 additional shares and now holds a total of 118,343 shares of Dow Chemical Co which is valued at $6,323,066. Dow Chemical Co makes up approx 0.05% of Cibc Asset Management Inc’s portfolio.Anchor Capital Advisors reduced its stake in DOW by selling 15,160 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 643,366 shares of DOW which is valued at $34,375,045. Dow Chemical Co makes up approx 0.88% of Anchor Capital Advisors’s portfolio.First Dallas Securities boosted its stake in DOW in the latest quarter, The investment management firm added 1,675 additional shares and now holds a total of 18,774 shares of Dow Chemical Co which is valued at $1,006,850. Dow Chemical Co makes up approx 0.75% of First Dallas Securities’s portfolio.Kanaly Trust Co boosted its stake in DOW in the latest quarter, The investment management firm added 7,681 additional shares and now holds a total of 11,920 shares of Dow Chemical Co which is valued at $633,190. Dow Chemical Co makes up approx 0.13% of Kanaly Trust Co’s portfolio.West Oak Capital boosted its stake in DOW in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 475 shares of Dow Chemical Co which is valued at $23,465. Dow Chemical Co makes up approx 0.02% of West Oak Capital’s portfolio.

Dow Chemical Co closed down -0.04 points or -0.07% at $53.6 with 49,94,692 shares getting traded on Monday. Post opening the session at $53.46, the shares hit an intraday low of $53.45 and an intraday high of $53.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Dow Chemical Co reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.86. The company had revenue of $11952.00 million for the quarter, compared to analysts expectations of $11226.05 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on Dow Chemical Co. Dow Chemical Co was Upgraded by JP Morgan to ” Overweight” on Jul 29, 2016. Dow Chemical Co was Downgraded by Credit Agricole to ” Underperform” on Jul 6, 2016. Dow Chemical Co was Downgraded by JP Morgan to ” Neutral” on Jun 28, 2016.

The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.

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