DAVENPORT & Co LLC decreased its position in shares of DowDuPont Inc (NYSE:DWDP) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,868 shares of the company’s stock after selling 12,661 shares during the period. DAVENPORT & Co LLC’s holdings in DowDuPont were worth $7,670,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in DWDP. Brown Advisory Inc. grew its holdings in DowDuPont by 48.0% during the 4th quarter. Brown Advisory Inc. now owns 3,742,629 shares of the company’s stock worth $200,157,000 after acquiring an additional 1,214,501 shares in the last quarter. First Trust Advisors LP grew its holdings in DowDuPont by 36.3% during the 4th quarter. First Trust Advisors LP now owns 571,431 shares of the company’s stock worth $30,560,000 after acquiring an additional 152,045 shares in the last quarter. Intersect Capital LLC grew its holdings in DowDuPont by 17.9% during the 4th quarter. Intersect Capital LLC now owns 29,564 shares of the company’s stock worth $1,581,000 after acquiring an additional 4,482 shares in the last quarter. MUFG Securities EMEA plc grew its holdings in DowDuPont by 432.0% during the 4th quarter. MUFG Securities EMEA plc now owns 332,800 shares of the company’s stock worth $17,798,000 after acquiring an additional 270,248 shares in the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. grew its holdings in DowDuPont by 48.5% during the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 79,522 shares of the company’s stock worth $4,253,000 after acquiring an additional 25,960 shares in the last quarter. 69.72% of the stock is currently owned by hedge funds and other institutional investors.
NYSE DWDP opened at $30.10 on Thursday. DowDuPont Inc has a one year low of $30.06 and a one year high of $48.34. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $70.62 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.29.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.14. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The business had revenue of $19.65 billion during the quarter, compared to analyst estimates of $19.47 billion. During the same period in the previous year, the business posted $1.12 EPS. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Equities analysts forecast that DowDuPont Inc will post 2.29 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, April 26th will be issued a $0.14 dividend. The ex-dividend date is Thursday, May 2nd. DowDuPont’s dividend payout ratio (DPR) is presently 13.63%.
DWDP has been the subject of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of DowDuPont from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, April 23rd. Royal Bank of Canada decreased their price objective on shares of DowDuPont to $64.00 and set a “top pick” rating for the company in a report on Tuesday, March 19th. UBS Group initiated coverage on shares of DowDuPont in a report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 price objective for the company. SunTrust Banks decreased their price objective on shares of DowDuPont to $57.00 and set a “hold” rating for the company in a report on Monday, February 4th. Finally, Nomura decreased their price objective on shares of DowDuPont from $57.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. DowDuPont has an average rating of “Hold” and a consensus price target of $56.00.
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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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