Columbia Asset Management buys $12,954,650 stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Columbia Asset Management scooped up 35,050 additional shares in Dow Chemical Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 241,511 shares of Dow Chemical Co which is valued at $12,954,650.Dow Chemical Co makes up approximately 4.45% of Columbia Asset Management’s portfolio.

Other Hedge Funds, Including , Wharton Business Group reduced its stake in DOW by selling 29,520 shares or 8.44% in the most recent quarter. The Hedge Fund company now holds 320,380 shares of DOW which is valued at $17,185,183. Dow Chemical Co makes up approx 1.93% of Wharton Business Group’s portfolio.Badgley Phelps Bell Inc boosted its stake in DOW in the latest quarter, The investment management firm added 8,298 additional shares and now holds a total of 105,079 shares of Dow Chemical Co which is valued at $5,614,371. Dow Chemical Co makes up approx 0.50% of Badgley Phelps Bell Inc’s portfolio.Addison Capital Co reduced its stake in DOW by selling 50 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 42,247 shares of DOW which is valued at $2,244,161. Dow Chemical Co makes up approx 1.95% of Addison Capital Co’s portfolio.Lynch Associatesin boosted its stake in DOW in the latest quarter, The investment management firm added 6,293 additional shares and now holds a total of 63,037 shares of Dow Chemical Co which is valued at $3,348,525. Dow Chemical Co makes up approx 1.46% of Lynch Associatesin’s portfolio.Hartford Investment Management Co reduced its stake in DOW by selling 7,577 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 274,843 shares of DOW which is valued at $14,599,660. Dow Chemical Co makes up approx 0.30% of Hartford Investment Management Co’s portfolio.

Dow Chemical Co opened for trading at $52.3 and hit $53.12 on the upside on Monday, eventually ending the session at $52.79, with a gain of 0.88% or 0.46 points. The heightened volatility saw the trading volume jump to 58,50,196 shares. Company has a market cap of $59,485 M.

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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