Dow Chemical Co (NYSE:DOW) Holdings Cut by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in shares of Dow Chemical Co (NYSE:DOW) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,905,990 shares of the basic materials company’s stock after selling 38,000 shares during the period. California Public Employees Retirement System owned about 0.24% of Dow Chemical worth $183,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DOW. First Command Bank increased its stake in Dow Chemical by 36.9% during the 2nd quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after buying an additional 436 shares during the period. Perkins Coie Trust Co increased its position in shares of Dow Chemical by 33.7% in the 2nd quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 480 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Dow Chemical in the 2nd quarter valued at approximately $121,000. Financial Architects Inc increased its position in shares of Dow Chemical by 0.4% in the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 10 shares during the last quarter. Finally, MCF Advisors LLC increased its position in shares of Dow Chemical by 49.3% in the 2nd quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 770 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Several research firms have recently commented on DOW. Cowen reiterated a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a report on Monday, August 28th. Jefferies Group reissued a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. BidaskClub raised shares of Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Dow Chemical currently has a consensus rating of “Buy” and a consensus price target of $72.02.

Dow Chemical Co (NYSE DOW) traded up $1.75 during mid-day trading on Monday, reaching $66.65. 43,802,000 shares of the company’s stock traded hands, compared to its average volume of 5,740,120. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.93 and a quick ratio of 1.32.

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Dow Chemical Company Profile

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

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