United Services Automobile Association Has $114.22 Million Position in Dow Chemical Company (The) (DOW)

United Services Automobile Association boosted its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,797,585 shares of the basic materials company’s stock after buying an additional 48,081 shares during the period. United Services Automobile Association owned 0.15% of Dow Chemical Company (The) worth $114,219,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. First Financial Corp IN raised its position in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares in the last quarter. Ruggie Capital Group raised its stake in shares of Dow Chemical Company (The) by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after buying an additional 1,910 shares during the period. Chelsea Counsel Co. bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $200,000. Lyell Wealth Management LP bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $200,000. Finally, Van Cleef Asset Management Inc bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $201,000. Institutional investors own 68.36% of the company’s stock.

Shares of Dow Chemical Company (DOW) traded down 0.15% during mid-day trading on Thursday, reaching $64.48. 924,979 shares of the company’s stock were exchanged. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50. The company’s 50-day moving average price is $64.70 and its 200 day moving average price is $63.29. The company has a market cap of $78.89 billion, a PE ratio of 27.61 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. On average, equities research analysts predict that Dow Chemical Company will post $4.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.85%. Dow Chemical Company (The)’s payout ratio is currently 76.99%.

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A number of brokerages have issued reports on DOW. BidaskClub raised shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company lifted their price objective on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, May 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 target price on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Zacks Investment Research downgraded shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Barclays PLC lifted their target price on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Dow Chemical Company (The) has an average rating of “Buy” and an average price target of $71.42.

Dow Chemical Company (The) Company Profile

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Institutional Ownership by Quarter for Dow Chemical Company (The) (NYSE:DOW)

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