Kornitzer Capital Management Inc. KS cut its stake in DowDuPont Inc (NYSE:DWDP) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 634,686 shares of the company’s stock after selling 8,915 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in DowDuPont were worth $40,817,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Honkamp Krueger Financial Services Inc. boosted its holdings in shares of DowDuPont by 9.4% in the third quarter. Honkamp Krueger Financial Services Inc. now owns 29,567 shares of the company’s stock valued at $1,901,000 after buying an additional 2,530 shares during the period. GAM Holding AG acquired a new position in shares of DowDuPont in the third quarter valued at approximately $222,000. First Foundation Advisors boosted its holdings in shares of DowDuPont by 3.3% in the third quarter. First Foundation Advisors now owns 181,093 shares of the company’s stock valued at $11,646,000 after buying an additional 5,763 shares during the period. Primecap Management Co. CA boosted its holdings in shares of DowDuPont by 10.7% in the third quarter. Primecap Management Co. CA now owns 4,046,455 shares of the company’s stock valued at $260,228,000 after buying an additional 391,626 shares during the period. Finally, Ancora Advisors LLC boosted its holdings in shares of DowDuPont by 16.8% in the third quarter. Ancora Advisors LLC now owns 166,764 shares of the company’s stock valued at $10,724,000 after buying an additional 23,957 shares during the period. 69.89% of the stock is owned by institutional investors.
Shares of DWDP stock opened at $57.85 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. The firm has a market capitalization of $134.73 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.40 and a beta of 1.51. DowDuPont Inc has a 12 month low of $51.32 and a 12 month high of $77.08.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $20.12 billion for the quarter, compared to analyst estimates of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Analysts anticipate that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is currently 44.71%.
Several research firms have recently weighed in on DWDP. ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Citigroup reduced their price target on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a report on Friday, September 21st. Nomura cut shares of DowDuPont from a “buy” rating to a “neutral” rating and reduced their price target for the company from $81.00 to $76.00 in a report on Wednesday, September 26th. Barclays reduced their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. Finally, BNP Paribas initiated coverage on shares of DowDuPont in a research report on Tuesday, October 2nd. They issued a “neutral” rating and a $75.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. DowDuPont presently has an average rating of “Buy” and an average price target of $78.47.
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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