Wright Investors Service Inc Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Wright Investors Service Inc reduced its stake in Dow Chemical Co by 0.42% during the most recent quarter end. The investment management company now holds a total of 43,217 shares of Dow Chemical Co which is valued at $2,309,084 after selling 184 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 0.92% of Wright Investors Service Inc’s portfolio.

Other Hedge Funds, Including , Whittier Trust Co reduced its stake in DOW by selling 4,671 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 131,518 shares of DOW which is valued at $7,058,571. Dow Chemical Co makes up approx 0.30% of Whittier Trust Co’s portfolio.Oakbrook Investments boosted its stake in DOW in the latest quarter, The investment management firm added 11,900 additional shares and now holds a total of 78,095 shares of Dow Chemical Co which is valued at $4,148,406. Dow Chemical Co makes up approx 0.22% of Oakbrook Investments’s portfolio. 1st Global Advisors added DOW to its portfolio by purchasing 7,798 company shares during the most recent quarter which is valued at $414,230. Dow Chemical Co makes up approx 0.06% of 1st Global Advisors’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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