Waters Parkerson Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Waters Parkerson reduced its stake in Dow Chemical Co by 0.13% during the most recent quarter end. The investment management company now holds a total of 486,947 shares of Dow Chemical Co which is valued at $25,481,937 after selling 652 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 2.58% of Waters Parkerson’s portfolio.

Other Hedge Funds, Including , Convergence Investment Partners reduced its stake in DOW by selling 51,037 shares or 59.14% in the most recent quarter. The Hedge Fund company now holds 35,262 shares of DOW which is valued at $1,845,260. Dow Chemical Co makes up approx 0.24% of Convergence Investment Partners’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in DOW in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 28,277 shares of Dow Chemical Co which is valued at $1,516,778. Dow Chemical Co makes up approx 0.30% of Mn Services Vermogensbeheer B.v.’s portfolio.Tradewinds Capital Management reduced its stake in DOW by selling 100 shares or 80.0% in the most recent quarter. The Hedge Fund company now holds 25 shares of DOW which is valued at $1,342.Rockefeller Financial Services Inc reduced its stake in DOW by selling 1,213 shares or 12.29% in the most recent quarter. The Hedge Fund company now holds 8,653 shares of DOW which is valued at $459,647. Dow Chemical Co makes up approx 0.01% of Rockefeller Financial Services Inc’s portfolio.Augustine Asset Management Inc reduced its stake in DOW by selling 10 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 15,915 shares of DOW which is valued at $814,530. Dow Chemical Co makes up approx 0.63% of Augustine Asset Management Inc’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.

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