Calamos Advisors LLC increased its stake in DowDuPont Inc (NYSE:DWDP) by 33.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,279,670 shares of the company’s stock after acquiring an additional 322,023 shares during the quarter. DowDuPont makes up about 0.5% of Calamos Advisors LLC’s portfolio, making the stock its 29th biggest holding. Calamos Advisors LLC owned 0.05% of DowDuPont worth $91,138,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of DWDP. BlackRock Inc. boosted its stake in DowDuPont by 0.7% during the 4th quarter. BlackRock Inc. now owns 156,234,472 shares of the company’s stock worth $11,127,020,000 after purchasing an additional 1,138,483 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in DowDuPont during the 3rd quarter worth $2,095,726,000. Bank of New York Mellon Corp acquired a new stake in DowDuPont during the 3rd quarter worth $1,920,750,000. Wells Fargo & Company MN acquired a new stake in DowDuPont during the 3rd quarter worth $1,111,269,000. Finally, Third Point LLC acquired a new stake in DowDuPont during the 3rd quarter worth $1,041,116,000. 70.55% of the stock is owned by institutional investors.
In other DowDuPont news, insider Andrew N. Liveris sold 78,582 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $71.00, for a total value of $5,579,322.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,646 shares of company stock worth $11,299,372. Corporate insiders own 0.89% of the company’s stock.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The company’s revenue was up 54.1% on a year-over-year basis. analysts expect that DowDuPont Inc will post 4.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.13%. DowDuPont’s payout ratio is 96.82%.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of DowDuPont from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and set a $85.00 target price on shares of DowDuPont in a research note on Friday, February 2nd. ValuEngine raised shares of DowDuPont from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Barclays lowered their target price on shares of DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Finally, Nomura lifted their target price on shares of DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. DowDuPont has a consensus rating of “Buy” and an average target price of $80.71.
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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