Arcadia Investment Management Corp MI Continues to Hold Position in Dow Chemical Co (DOW)

Arcadia Investment Management Corp MI continued to hold its position in shares of Dow Chemical Co (NYSE:DOW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600 shares of the basic materials company’s stock at the close of the 2nd quarter. Arcadia Investment Management Corp MI’s holdings in Dow Chemical were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Financial Architects Inc raised its position in shares of Dow Chemical by 0.4% during the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 10 shares in the last quarter. Cypress Capital Management LLC increased its position in Dow Chemical by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock worth $255,000 after buying an additional 12 shares during the period. Mascoma Wealth Management LLC increased its position in Dow Chemical by 0.4% in the second quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock worth $222,000 after buying an additional 14 shares during the period. Capital Management Corp VA increased its position in Dow Chemical by 0.3% in the second quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock worth $284,000 after buying an additional 14 shares during the period. Finally, Guardian Life Insurance Co. of America increased its position in Dow Chemical by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock worth $274,000 after buying an additional 15 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Friday. The stock has a 50 day moving average price of $64.79 and a 200 day moving average price of $63.46. Dow Chemical Co has a 1-year low of $51.57 and a 1-year high of $67.50. The firm has a market capitalization of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13.

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, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. Dow Chemical’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Equities research analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on DOW. BidaskClub raised Dow Chemical from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Cowen and Company reaffirmed a “hold” rating and set a $60.00 target price on shares of Dow Chemical in a research note on Monday, August 28th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Zacks Investment Research downgraded Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 target price on shares of Dow Chemical in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $72.02.

About Dow Chemical

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

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