Bp Plc lifted its stake in shares of DowDuPont Inc (NYSE:DWDP) by 6.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 287,000 shares of the company’s stock after buying an additional 18,000 shares during the quarter. Bp Plc’s holdings in DowDuPont were worth $18,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Third Point LLC grew its holdings in DowDuPont by 1.6% in the second quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock worth $942,656,000 after purchasing an additional 225,000 shares during the period. Macquarie Group Ltd. grew its holdings in DowDuPont by 4.4% in the second quarter. Macquarie Group Ltd. now owns 10,591,777 shares of the company’s stock worth $698,219,000 after purchasing an additional 450,504 shares during the period. Epoch Investment Partners Inc. grew its holdings in DowDuPont by 2.7% in the second quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock worth $584,854,000 after purchasing an additional 233,310 shares during the period. Dimensional Fund Advisors LP grew its holdings in DowDuPont by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock worth $583,184,000 after purchasing an additional 388,187 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in DowDuPont by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock worth $568,921,000 after purchasing an additional 84,168 shares during the period. Institutional investors own 69.45% of the company’s stock.
DWDP has been the topic of a number of recent research reports. Nomura cut shares of DowDuPont from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $81.00 to $76.00 in a report on Wednesday, September 26th. ValuEngine cut shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, September 28th. BNP Paribas initiated coverage on shares of DowDuPont in a report on Tuesday, October 2nd. They issued a “neutral” rating and a $75.00 price objective on the stock. Citigroup cut their price objective on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Finally, Deutsche Bank restated a “buy” rating and issued a $72.00 price objective on shares of DowDuPont in a report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $78.17.
In other news, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.
Shares of NYSE DWDP opened at $58.68 on Friday. The company has a market capitalization of $139.35 billion, a PE ratio of 14.74, a PEG ratio of 1.44 and a beta of 1.48. DowDuPont Inc has a 52-week low of $51.32 and a 52-week high of $77.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The business’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. On average, research analysts anticipate that DowDuPont Inc will post 4.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.38 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.59%. DowDuPont’s dividend payout ratio is presently 44.71%.
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DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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