Credit Agricole S A Has $183,000 Stake in DowDuPont Inc (DWDP)
Credit Agricole S A decreased its stake in DowDuPont Inc (NYSE:DWDP) by 99.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,576 shares of the company’s stock after selling 828,977 shares during the quarter. Credit Agricole S A’s holdings in DowDuPont were worth $183,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of DWDP. Tradewinds Capital Management LLC purchased a new position in DowDuPont in the third quarter valued at about $101,000. Winfield Associates Inc. purchased a new position in DowDuPont in the third quarter valued at about $103,000. Peddock Capital Advisors LLC purchased a new position in DowDuPont in the third quarter valued at about $106,000. Financial Gravity Companies Inc. purchased a new position in DowDuPont in the fourth quarter valued at about $106,000. Finally, AllSquare Wealth Management LLC purchased a new position in DowDuPont in the third quarter valued at about $108,000. 70.55% of the stock is owned by institutional investors.
In related news, insider Andrew N. Liveris sold 9,664 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total value of $5,042,604.00. The disclosure for this sale can be found here. Insiders have sold a total of 94,064 shares of company stock worth $6,797,500 over the last quarter. Insiders own 0.89% of the company’s stock.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.16. The business had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The firm’s revenue was up 54.1% compared to the same quarter last year. research analysts predict 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, February 27th. DowDuPont’s payout ratio is 96.82%.
Several brokerages have issued reports on DWDP. Barclays upgraded DowDuPont from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, January 30th. Stephens began coverage on DowDuPont in a research note on Monday, December 4th. They set an “overweight” rating and a $83.00 price objective on the stock. Nomura upped their price objective on DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada restated a “buy” rating and set a $86.00 price objective on shares of DowDuPont in a research note on Friday, December 8th. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus 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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