Dow Chemical Co (DOW) : Third Point reduced its stake in Dow Chemical Co by 0.99% during the most recent quarter end. The investment management company now holds a total of 25,000,000 shares of Dow Chemical Co which is valued at $1,263.8 Million after selling 250,000 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on May 13, 2016.Dow Chemical Co makes up approximately 11.75% of Third Point’s portfolio.
Other Hedge Funds, Including , Dodge Cox reduced its stake in DOW by selling 13,950 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 458,832 shares of DOW which is valued at $23.2 Million. Dow Chemical Co makes up approx 0.02% of Dodge Cox’s portfolio.Amf Pensionsforsakring Ab reduced its stake in DOW by selling 29,900 shares or 25.92% in the most recent quarter. The Hedge Fund company now holds 85,460 shares of DOW which is valued at $4.3 Million. Dow Chemical Co makes up approx 0.06% of Amf Pensionsforsakring Ab’s portfolio.Bessemer Group Inc boosted its stake in DOW in the latest quarter, The investment management firm added 6,133 additional shares and now holds a total of 45,949 shares of Dow Chemical Co which is valued at $2.3 Million. Dow Chemical Co makes up approx 0.01% of Bessemer Group Inc’s portfolio.Ray Gerald L Associates Ltd boosted its stake in DOW in the latest quarter, The investment management firm added 124 additional shares and now holds a total of 11,500 shares of Dow Chemical Co which is valued at $588,340. Dow Chemical Co makes up approx 0.10% of Ray Gerald L Associates Ltd’s portfolio. Calvert Investment Management sold out all of its stake in DOW during the most recent quarter. The investment firm sold 27,700 shares of DOW which is valued $1.4 Million.
Dow Chemical Co opened for trading at $52.91 and hit $53.51 on the upside on Wednesday, eventually ending the session at $52.86, with a gain of 0.08% or 0.04 points. The heightened volatility saw the trading volume jump to 98,00,440 shares. Company has a market cap of $59,353 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.
Investors should note that on May 12, 2016, Dow Chemical Co announced a cash dividend of $0.4600. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 29, 2016.
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.