Adams Natural Resources Fund Inc. cut its holdings in DowDuPont Inc (NYSE:DWDP) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 566,635 shares of the company’s stock after selling 68,300 shares during the quarter. DowDuPont accounts for approximately 6.0% of Adams Natural Resources Fund Inc.’s investment portfolio, making the stock its 3rd largest position. Adams Natural Resources Fund Inc.’s holdings in DowDuPont were worth $40,356,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in DowDuPont in the third quarter worth $2,095,726,000. Bank of New York Mellon Corp bought a new stake in DowDuPont in the third quarter worth $1,920,750,000. Wells Fargo & Company MN bought a new stake in DowDuPont in the third quarter worth $1,111,269,000. Third Point LLC bought a new stake in DowDuPont in the third quarter worth $1,041,116,000. Finally, Dupont Capital Management Corp bought a new stake in DowDuPont in the third quarter worth $884,806,000. 70.55% of the stock is owned by hedge funds and other institutional investors.
In other DowDuPont news, insider Andrew N. Liveris sold 78,582 shares of DowDuPont stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $71.00, for a total value of $5,579,322.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. Insiders sold 157,646 shares of company stock valued at $11,299,372 over the last 90 days. 0.89% of the stock is currently owned by corporate insiders.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.16. The firm had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. DowDuPont’s revenue was up 54.1% compared to the same quarter last year. research analysts anticipate that DowDuPont Inc will post 4.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.13%. DowDuPont’s payout ratio is currently 178.82%.
DWDP has been the subject of a number of analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $86.00 price target on shares of DowDuPont in a research report on Friday, December 8th. Barclays upgraded DowDuPont from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 31st. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, January 30th. Finally, Goldman Sachs Group started coverage on DowDuPont in a research report on Monday, December 4th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.71.
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DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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