DowDuPont Inc (DWDP) Stake Decreased by Marshall Wace LLP

Marshall Wace LLP reduced its holdings in DowDuPont Inc (NYSE:DWDP) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 374,987 shares of the company’s stock after selling 68,887 shares during the quarter. Marshall Wace LLP’s holdings in DowDuPont were worth $24,115,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Great Lakes Advisors LLC lifted its stake in shares of DowDuPont by 25.0% in the 3rd quarter. Great Lakes Advisors LLC now owns 43,609 shares of the company’s stock valued at $2,804,000 after purchasing an additional 8,729 shares during the period. Carnegie Capital Asset Management LLC lifted its stake in shares of DowDuPont by 39.2% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 406,316 shares of the company’s stock valued at $24,089,000 after purchasing an additional 114,361 shares during the period. Belpointe Asset Management LLC lifted its stake in shares of DowDuPont by 41.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 46,426 shares of the company’s stock valued at $2,986,000 after purchasing an additional 13,679 shares during the period. Vanguard Group Inc. raised its stake in DowDuPont by 0.7% during the third quarter. Vanguard Group Inc. now owns 179,394,835 shares of the company’s stock valued at $11,536,882,000 after buying an additional 1,236,916 shares during the last quarter. Finally, Morgan Stanley raised its stake in DowDuPont by 7.6% during the third quarter. Morgan Stanley now owns 21,342,100 shares of the company’s stock valued at $1,372,513,000 after buying an additional 1,511,435 shares during the last quarter. Hedge funds and other institutional investors own 69.89% of the company’s stock.

DWDP stock opened at $53.75 on Friday. DowDuPont Inc has a 1-year low of $51.32 and a 1-year high of $77.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.64 and a quick ratio of 1.05. The firm has a market capitalization of $130.24 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.35 and a beta of 1.51.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The firm had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $20.24 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue was up 31.1% on a year-over-year basis. As a group, research analysts anticipate that DowDuPont Inc will post 4.14 EPS for the current fiscal year.

The firm also recently declared 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. This represents a $1.52 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s dividend payout ratio is currently 44.71%.

A number of brokerages have issued reports on DWDP. Zacks Investment Research cut DowDuPont from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Citigroup lowered their price objective on DowDuPont to $67.00 and set a “buy” rating for the company in a research note on Monday, November 5th. They noted that the move was a valuation call. BMO Capital Markets set a $79.00 price objective on DowDuPont and gave the company a “buy” rating in a research note on Thursday, November 8th. Nomura lowered their price objective on DowDuPont from $76.00 to $73.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Finally, Alembic Global Advisors set a $90.00 price objective on DowDuPont and gave the company a “buy” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $78.47.

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About DowDuPont

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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