Vanguard Group Inc. Purchases 2,741,153 Shares of Dow Chemical Co (DOW)

Vanguard Group Inc. grew its position in shares of Dow Chemical Co (NYSE:DOW) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,932,612 shares of the basic materials company’s stock after purchasing an additional 2,741,153 shares during the quarter. Vanguard Group Inc. owned approximately 6.86% of Dow Chemical worth $5,293,630,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Segment Wealth Management LLC increased its position in shares of Dow Chemical by 16.4% during the 2nd quarter. Segment Wealth Management LLC now owns 4,512 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 636 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Dow Chemical by 25.0% during the 2nd quarter. D.A. Davidson & CO. now owns 52,155 shares of the basic materials company’s stock valued at $3,289,000 after purchasing an additional 10,424 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Dow Chemical during the 2nd quarter valued at about $368,000. Trustmark National Bank Trust Department increased its position in shares of Dow Chemical by 9.2% during the 2nd quarter. Trustmark National Bank Trust Department now owns 9,382 shares of the basic materials company’s stock valued at $592,000 after purchasing an additional 793 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Dow Chemical by 4.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,402,277 shares of the basic materials company’s stock valued at $277,652,000 after purchasing an additional 170,846 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Dow Chemical Co (NYSE DOW) opened at $66.65 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.93 and a debt-to-equity ratio of 0.68. Dow Chemical Co has a 1 year low of $51.57 and a 1 year high of $67.50.

DOW has been the topic of several recent research reports. BidaskClub lowered Dow Chemical from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Alembic Global Advisors set a $85.00 price objective on Dow Chemical and gave the company a “buy” rating in a research report on Thursday, July 27th. Cowen and Company reiterated a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a research report on Monday, August 28th. Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $78.00 price objective on shares of Dow Chemical in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $72.02.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://ledgergazette.com/2017/11/18/vanguard-group-inc-purchases-2741153-shares-of-dow-chemical-co-dow.html.

Dow Chemical Company Profile

Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Co (NYSE:DOW).

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

Receive News & Ratings for Dow Chemical Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply