Mutual of Omaha Bank Wealth Management cut its position in DowDuPont Inc (NYSE:DWDP) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,977 shares of the company’s stock after selling 750 shares during the period. Mutual of Omaha Bank Wealth Management’s holdings in DowDuPont were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its stake in shares of DowDuPont by 15.0% in the 3rd quarter. Fisher Asset Management LLC now owns 18,107 shares of the company’s stock valued at $1,165,000 after purchasing an additional 2,359 shares during the period. First Trust Advisors LP raised its stake in shares of DowDuPont by 11.5% in the 3rd quarter. First Trust Advisors LP now owns 419,386 shares of the company’s stock valued at $26,971,000 after purchasing an additional 43,173 shares during the period. CWM LLC raised its stake in shares of DowDuPont by 68.4% in the 3rd quarter. CWM LLC now owns 42,337 shares of the company’s stock valued at $2,723,000 after purchasing an additional 17,193 shares during the period. Alley Co LLC raised its stake in shares of DowDuPont by 64.8% in the 3rd quarter. Alley Co LLC now owns 8,853 shares of the company’s stock valued at $569,000 after purchasing an additional 3,480 shares during the period. Finally, Checchi Capital Advisers LLC raised its stake in shares of DowDuPont by 11.3% in the 3rd quarter. Checchi Capital Advisers LLC now owns 24,197 shares of the company’s stock valued at $1,556,000 after purchasing an additional 2,466 shares during the period. 68.55% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. BMO Capital Markets set a $79.00 price target on DowDuPont and gave the company a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research downgraded DowDuPont from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. TheStreet downgraded DowDuPont from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. Citigroup dropped their price target on DowDuPont to $67.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. dropped their price target on DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $72.28.
Shares of NYSE DWDP opened at $53.23 on Friday. The company has a market cap of $127.44 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.33 and a current ratio of 2.01. DowDuPont Inc has a twelve month low of $48.89 and a twelve month high of $73.23.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The business had revenue of $20.10 billion for the quarter, compared to analyst estimates of $21.11 billion. DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. On average, analysts anticipate that DowDuPont Inc will post 4.1 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, February 27th. DowDuPont’s dividend payout ratio (DPR) is presently 36.98%.
DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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