MARSHALL WACE ASIA Ltd Sells 561,783 Shares of DowDuPont Inc (DWDP)

MARSHALL WACE ASIA Ltd lowered its stake in shares of DowDuPont Inc (NYSE:DWDP) by 23.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,811,694 shares of the company’s stock after selling 561,783 shares during the period. DowDuPont makes up approximately 4.0% of MARSHALL WACE ASIA Ltd’s portfolio, making the stock its 3rd biggest holding. MARSHALL WACE ASIA Ltd owned about 0.08% of DowDuPont worth $116,510,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bristlecone Advisors LLC boosted its stake in DowDuPont by 40.9% during the 3rd quarter. Bristlecone Advisors LLC now owns 11,596 shares of the company’s stock valued at $746,000 after purchasing an additional 3,365 shares during the last quarter. Tower Bridge Advisors lifted its position in shares of DowDuPont by 4.1% during the 3rd quarter. Tower Bridge Advisors now owns 253,557 shares of the company’s stock worth $16,306,000 after buying an additional 10,091 shares in the last quarter. Berkshire Asset Management LLC PA lifted its position in shares of DowDuPont by 30.7% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 17,130 shares of the company’s stock worth $1,102,000 after buying an additional 4,019 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its position in shares of DowDuPont by 4.6% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 312,922 shares of the company’s stock worth $20,124,000 after buying an additional 13,692 shares in the last quarter. Finally, Patriot Wealth Management Inc. lifted its position in shares of DowDuPont by 2.2% during the 3rd quarter. Patriot Wealth Management Inc. now owns 139,502 shares of the company’s stock worth $8,971,000 after buying an additional 3,012 shares in the last quarter. Institutional investors and hedge funds own 69.89% of the company’s stock.

NYSE:DWDP opened at $53.75 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $130.24 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.35 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 posted its quarterly earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. DowDuPont’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. As a group, sell-side analysts expect that DowDuPont Inc will post 4.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.38 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.83%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

Several research firms have commented on DWDP. Zacks Investment Research cut shares of DowDuPont from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Citigroup dropped their target price on shares of DowDuPont to $67.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. They noted that the move was a valuation call. BMO Capital Markets set a $79.00 target price on shares of DowDuPont and gave the stock a “buy” rating in a research report on Thursday, November 8th. Nomura dropped their target price on shares of DowDuPont from $76.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Finally, Alembic Global Advisors set a $90.00 target price on shares of DowDuPont and gave the stock a “buy” rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. DowDuPont currently has a consensus 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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