Capwealth Advisors Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Capwealth Advisors reduced its stake in Dow Chemical Co by 0.78% during the most recent quarter end. The investment management company now holds a total of 231,814 shares of Dow Chemical Co which is valued at $11.7 Million after selling 1,830 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.Dow Chemical Co makes up approximately 3.01% of Capwealth Advisors’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in DOW by selling 6,386 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 614,701 shares of DOW which is valued at $31.1 Million. Dow Chemical Co makes up approx 0.28% of Comerica Bank’s portfolio.Spot Trading L.l.c reduced its stake in DOW by selling 56,368 shares or 97.77% in the most recent quarter. The Hedge Fund company now holds 1,287 shares of DOW which is valued at $65,058. Dow Chemical Co makes up approx 0.01% of Spot Trading L.l.c’s portfolio.Nikko Asset Management Americas reduced its stake in DOW by selling 74,300 shares or 18.79% in the most recent quarter. The Hedge Fund company now holds 321,168 shares of DOW which is valued at $16.2 Million. Dow Chemical Co makes up approx 1.87% of Nikko Asset Management Americas’s portfolio.Parkside Financial Bank Trust boosted its stake in DOW in the latest quarter, The investment management firm added 685 additional shares and now holds a total of 4,287 shares of Dow Chemical Co which is valued at $219,323. Dow Chemical Co makes up approx 0.11% of Parkside Financial Bank Trust’s portfolio.Sawgrass Asset Management reduced its stake in DOW by selling 1,325 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 33,570 shares of DOW which is valued at $1.8 Million. Dow Chemical Co makes up approx 0.08% of Sawgrass Asset Management’s portfolio.

Dow Chemical Co opened for trading at $50.63 and hit $51.63 on the upside on Monday, eventually ending the session at $51.6, with a gain of 2.08% or 1.05 points. The heightened volatility saw the trading volume jump to 51,46,056 shares. Company has a market cap of $57,938 M.

On the company’s financial health, Dow Chemical Co reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.83. The company had revenue of $10703.00 million for the quarter, compared to analysts expectations of $10662.25 million. The company’s revenue was down -13.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Dow Chemical Co. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Company shares were Reiterated by Jefferies on May 2, 2016 to “Hold”, Firm has raised the Price Target to $ 58 from a previous price target of $54 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $62 .

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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