FDx Advisors Inc. Reduces Holdings in DowDuPont Inc (DWDP)
FDx Advisors Inc. decreased its position in shares of DowDuPont Inc (NYSE:DWDP) by 24.1% during the 4th quarter, Holdings Channel reports. The firm owned 63,312 shares of the company’s stock after selling 20,095 shares during the quarter. FDx Advisors Inc.’s holdings in DowDuPont were worth $4,509,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of DWDP. Synovus Financial Corp grew its holdings in shares of DowDuPont by 11.3% during the fourth quarter. Synovus Financial Corp now owns 159,095 shares of the company’s stock worth $11,348,000 after buying an additional 16,154 shares during the last quarter. American International Group Inc. grew its holdings in shares of DowDuPont by 8.1% during the fourth quarter. American International Group Inc. now owns 752,240 shares of the company’s stock worth $53,575,000 after buying an additional 56,582 shares during the last quarter. Valmark Advisers Inc. purchased a new position in shares of DowDuPont during the fourth quarter worth about $339,000. Frontier Investment Mgmt Co. grew its holdings in shares of DowDuPont by 5.6% during the fourth quarter. Frontier Investment Mgmt Co. now owns 22,345 shares of the company’s stock worth $1,591,000 after buying an additional 1,183 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of DowDuPont during the fourth quarter worth about $608,000. 69.73% of the stock is currently owned by institutional investors.
In other news, insider Andrew N. Liveris sold 29,723 shares of DowDuPont stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $71.50, for a total transaction of $2,125,194.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Charles J. Kalil sold 69,400 shares of DowDuPont stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 374,771 shares of company stock valued at $26,960,613. Insiders own 0.89% of the company’s stock.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The company had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. The business’s quarterly revenue was up 54.1% compared to the same quarter last year. equities research analysts forecast that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The business 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 dividend on an annualized basis and a dividend yield of 2.22%. DowDuPont’s payout ratio is 96.82%.
DWDP has been the topic of a number of research reports. Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, January 30th. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays lowered their price target on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Stephens initiated coverage on DowDuPont in a report on Monday, December 4th. They set an “overweight” rating and a $83.00 price target on the stock. Finally, Goldman Sachs Group initiated coverage on DowDuPont in a report on Monday, December 4th. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. DowDuPont has an average 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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