Shelton Capital Management Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Shelton Capital Management reduced its stake in Dow Chemical Co by 23.3% during the most recent quarter end. The investment management company now holds a total of 156,128 shares of Dow Chemical Co which is valued at $8,341,919 after selling 47,440 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Dow Chemical Co makes up approximately 0.73% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , Spinnaker Trust boosted its stake in DOW in the latest quarter, The investment management firm added 306 additional shares and now holds a total of 13,199 shares of Dow Chemical Co which is valued at $705,223. Dow Chemical Co makes up approx 0.10% of Spinnaker Trust’s portfolio.Cg Asset Management boosted its stake in DOW in the latest quarter, The investment management firm added 47,164 additional shares and now holds a total of 57,710 shares of Dow Chemical Co which is valued at $3,094,987. Dow Chemical Co makes up approx 1.19% of Cg Asset Management’s portfolio.Bartlett boosted its stake in DOW in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 23,770 shares of Dow Chemical Co which is valued at $1,274,785. Dow Chemical Co makes up approx 0.06% of Bartlett’s portfolio.Bollard Group boosted its stake in DOW in the latest quarter, The investment management firm added 656 additional shares and now holds a total of 80,307 shares of Dow Chemical Co which is valued at $4,265,908. Dow Chemical Co makes up approx 0.29% of Bollard Group’s portfolio.

Dow Chemical Co opened for trading at $53.34 and hit $53.65 on the upside on Thursday, eventually ending the session at $53.49, with a gain of 0.11% or 0.06 points. The heightened volatility saw the trading volume jump to 27,05,805 shares. Company has a market cap of $60,274 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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