American Money Management LLC Sells 928 Shares of DowDuPont Inc (DWDP)
American Money Management LLC trimmed its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,171 shares of the company’s stock after selling 928 shares during the period. DowDuPont makes up approximately 1.8% of American Money Management LLC’s holdings, making the stock its 26th largest position. American Money Management LLC’s holdings in DowDuPont were worth $3,044,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Elmwood Wealth Management Inc. bought a new stake in shares of DowDuPont during the first quarter valued at approximately $102,000. Winthrop Partners WNY LLC bought a new stake in shares of DowDuPont during the first quarter valued at approximately $111,000. Cascade Investment Advisors Inc. increased its position in shares of DowDuPont by 85.1% during the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after acquiring an additional 825 shares in the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of DowDuPont during the first quarter valued at approximately $117,000. Finally, SG3 Management LLC bought a new stake in shares of DowDuPont during the second quarter valued at approximately $132,000. Hedge funds and other institutional investors own 69.48% of the company’s stock.
In other news, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew N. Liveris sold 100,000 shares of the business’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $69.57, for a total transaction of $6,957,000.00. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. The company’s revenue for the quarter was up 75.3% on a year-over-year basis. sell-side analysts forecast that DowDuPont Inc will post 4.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, August 30th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
DWDP has been the subject of several analyst reports. 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 research report on Monday, August 6th. MED reissued a “buy” rating and set a $90.00 price target on shares of DowDuPont in a research report on Thursday, August 2nd. ValuEngine raised shares of DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, UBS Group raised their price target on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.50.
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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