Ameritas Investment Partners Inc. Cuts Stake in Dow Chemical Co (DOW)

Ameritas Investment Partners Inc. reduced its position in Dow Chemical Co (NYSE:DOW) by 54.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,350 shares of the basic materials company’s stock after selling 29,854 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Dow Chemical were worth $1,689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Command Bank boosted its holdings 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 valued at $102,000 after acquiring an additional 436 shares during the period. Perkins Coie Trust Co boosted its holdings in Dow Chemical by 33.7% during the 2nd quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 480 shares during the period. BDO Wealth Advisors LLC purchased a new stake in Dow Chemical during the 2nd quarter valued at about $121,000. Financial Architects Inc boosted its holdings in 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 during the period. Finally, MCF Advisors LLC boosted its holdings in Dow Chemical by 49.3% during the 2nd quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 770 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

DOW has been the subject of several analyst reports. Cowen restated a “hold” rating and set a $60.00 target price on shares of Dow Chemical in a report on Monday, August 28th. BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Finally, Royal Bank of Canada restated a “buy” rating and set a $78.00 target price on shares of Dow Chemical in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $72.02.

Dow Chemical Co (NYSE:DOW) traded up $1.75 on Wednesday, reaching $66.65. The company’s stock had a trading volume of 43,802,000 shares, compared to its average volume of 5,740,120. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.93 and a quick ratio of 1.32. Dow Chemical Co has a fifty-two week low of $51.57 and a fifty-two week high of $67.50.

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About Dow Chemical

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

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