Dow Chemical Co (DOW) Shares Bought by Allegis Investment Advisors LLC

Allegis Investment Advisors LLC lifted its holdings in Dow Chemical Co (NYSE:DOW) by 129.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,851 shares of the basic materials company’s stock after purchasing an additional 4,422 shares during the quarter. Allegis Investment Advisors LLC’s holdings in Dow Chemical were worth $495,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wexford Capital LP grew its position in shares of Dow Chemical by 23.9% in the 1st quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock valued at $11,211,000 after purchasing an additional 34,058 shares during the period. Personal Capital Advisors Corp lifted its stake in Dow Chemical by 511.5% in the 2nd quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock valued at $4,130,000 after acquiring an additional 54,779 shares in the last quarter. Primecap Management Co. CA lifted its stake in Dow Chemical by 12.2% in the 1st quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock valued at $137,061,000 after acquiring an additional 234,375 shares in the last quarter. Muhlenkamp & Co. Inc. bought a new stake in Dow Chemical in the 1st quarter valued at approximately $7,346,000. Finally, Sentry Investment Management LLC lifted its stake in Dow Chemical by 5.5% in the 1st quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock valued at $5,640,000 after acquiring an additional 4,636 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Shares of Dow Chemical Co (DOW) opened at 66.65 on Friday. The stock’s 50 day moving average price is $64.79 and its 200-day moving average price is $63.46. The company has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50.

Dow Chemical (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, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. Dow Chemical’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Analysts expect that Dow Chemical Co will post $4.11 EPS for the current year.

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Several equities research analysts have commented on DOW shares. BidaskClub upgraded Dow Chemical from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Zacks Investment Research cut Dow Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 target price on shares of Dow Chemical in a research note on Thursday, July 6th. Cowen and Company restated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a research note on Friday, July 14th. Finally, Alembic Global Advisors set a $85.00 target price on Dow Chemical and gave the company a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Dow Chemical presently has a consensus rating of “Buy” and an average price target of $72.02.

About Dow Chemical

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

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