Dow Chemical Co Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Dow Chemical Co Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Dow Chemical Co (DOW) registered an unusually high (250) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious DOW increase. With 250 contracts traded and 371084 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DOW161216C00055000 closed last at: $1.12 or 6.7% down. About 3.40M shares traded hands. Dow Chemical Co (NYSE:DOW) has risen 6.17% since March 14, 2016 and is uptrending. It has outperformed by 0.55% the S&P500.

Analysts await Dow Chemical Co (NYSE:DOW) to report earnings on October, 27 before the open. They expect $0.77 earnings per share, down 6.10% or $0.05 from last year’s $0.82 per share. DOW’s profit will be $875.30 million for 17.19 P/E if the $0.77 EPS becomes a reality. After $0.95 actual earnings per share reported by Dow Chemical Co for the previous quarter, Wall Street now forecasts -18.95% negative EPS growth.

Dow Chemical Co (NYSE:DOW) Ratings Coverage

Out of 13 analysts covering The Dow Chemical Company (NYSE:DOW), 8 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 62% are positive. The Dow Chemical Company has been the topic of 33 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, June 28 by JP Morgan. Citigroup upgraded it to “Buy” rating and $59 target price in Monday, October 3 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, April 29. Citigroup downgraded Dow Chemical Co (NYSE:DOW) on Friday, January 22 to “Neutral” rating. The stock of Dow Chemical Co (NYSE:DOW) has “Buy” rating given on Thursday, December 10 by Deutsche Bank. As per Wednesday, February 3, the company rating was upgraded by RBC Capital Markets. RBC Capital Markets maintained Dow Chemical Co (NYSE:DOW) on Friday, October 23 with “Outperform” rating. The firm earned “Hold” rating on Friday, October 23 by S&P Research. On Wednesday, July 6 the stock rating was downgraded by CLSA to “Underperform”. UBS upgraded the shares of DOW in a report on Monday, October 10 to “Buy” rating.

According to Zacks Investment Research, “Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow serves customers in countries across the globe and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow seeks to balance economic, environmental and social responsibilities. (Company Press Release)”

Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.09, from 1.25 in 2016Q1. The ratio dived, as 60 funds sold all Dow Chemical Co shares owned while 354 reduced positions. 70 funds bought stakes while 410 increased positions. They now own 734.11 million shares or 6.94% less from 788.82 million shares in 2016Q1.
Ranger International L P has 10,610 shares for 0.22% of their US portfolio. The Virginia-based Utd Savings Bank Va has invested 2.82% in Dow Chemical Co (NYSE:DOW). The Ontario – Canada-based Ci Invests Incorporated has invested 0.15% in Dow Chemical Co (NYSE:DOW). Holderness Investments owns 20,160 shares or 1.01% of their US portfolio. Clifford Swan Invest Counsel Ltd holds 0.04% or 11,446 shares in its portfolio. Oz Mgmt Ltd Partnership owns 962,127 shares or 0.28% of their US portfolio. Moreover, Strategic Advisors Lc has 1.63% invested in Dow Chemical Co (NYSE:DOW) for 56,963 shares. Nbt Natl Bank N A Ny holds 0.26% of its portfolio in Dow Chemical Co (NYSE:DOW) for 29,992 shares. Dana Incorporated owns 45,945 shares or 0.1% of their US portfolio. Pathstone Family Office Lc has invested 0.02% of its portfolio in Dow Chemical Co (NYSE:DOW). The British Columbia – Canada-based Connor Clark Lunn Limited has invested 0.01% in Dow Chemical Co (NYSE:DOW). Anchor Bolt Cap Limited Partnership last reported 0.6% of its portfolio in the stock. D E Shaw Communication accumulated 0.02% or 215,823 shares. Northpointe Cap Lc last reported 37,543 shares in the company. The Wisconsin-based State Of Wisconsin Board has invested 0.24% in Dow Chemical Co (NYSE:DOW).

The Dow Chemical Company is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The company has a market cap of $60.18 billion.

DOW Company Profile

The Dow Chemical Company (Dow), incorporated June 11, 1947, is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The Firm operates in five divisions: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics. The Firm serves various industries, such as appliance, automotive, agricultural, building and construction, chemical processing, electronics, furniture, housewares, gas and oil, packaging, paints, coatings and adhesives, personal care, pharmaceutical, processed foods, pulp and paper, textile and carpet, utilities and water treatment.

More important recent Dow Chemical Co (NYSE:DOW) news were published by: Seekingalpha.com which released: “Evaluating Dow Chemical’s Dividend In Advance Of Merger” on October 17, 2016, also Wsj.com published article titled: “EU Restarts Anti-Competition Probe of Dow Chemical-DuPont Merger”, Crainsdetroit.com published: “Dow Chemical may try to sell copolymer unit to facilitate antitrust approval” on October 14, 2016. More interesting news about Dow Chemical Co (NYSE:DOW) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Dow Chemical, Agrium and Yamana Gold” with publication date: September 26, 2016.

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