Dow Chemical Co (DOW) : Edmond De Rothschild (europe) reduced its stake in Dow Chemical Co by 10.26% during the most recent quarter end. The investment management company now holds a total of 15,400 shares of Dow Chemical Co which is valued at $805,882 after selling 1,760 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Dow Chemical Co makes up approximately 0.39% of Edmond De Rothschild (europe)’s portfolio.
Other Hedge Funds, Including , Waters Parkerson reduced its stake in DOW by selling 652 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 486,947 shares of DOW which is valued at $25,481,937. Dow Chemical Co makes up approx 2.58% of Waters Parkerson’s portfolio.Moors Cabot reduced its stake in DOW by selling 191 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 59,609 shares of DOW which is valued at $3,197,427. Dow Chemical Co makes up approx 0.55% of Moors Cabot’s portfolio.Wall Street Access Asset Management reduced its stake in DOW by selling 8,255 shares or 52.46% in the most recent quarter. The Hedge Fund company now holds 7,481 shares of DOW which is valued at $399,710. Dow Chemical Co makes up approx 0.23% of Wall Street Access Asset Management’s portfolio.
Dow Chemical Co opened for trading at $52.95 and hit $53.57 on the upside on Friday, eventually ending the session at $53.42, with a gain of 0.36% or 0.19 points. The heightened volatility saw the trading volume jump to 44,28,159 shares. Company has a market cap of $60,195 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.