DowDuPont Inc (DWDP) Shares Bought by First Trust Advisors LP
First Trust Advisors LP grew its position in shares of DowDuPont Inc (NYSE:DWDP) by 36.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 571,431 shares of the company’s stock after buying an additional 152,045 shares during the quarter. First Trust Advisors LP’s holdings in DowDuPont were worth $30,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in DowDuPont by 217.7% in the 3rd quarter. Capital International Investors now owns 31,674,850 shares of the company’s stock worth $2,037,010,000 after purchasing an additional 21,705,299 shares during the period. Rehmann Capital Advisory Group raised its holdings in DowDuPont by 6,180.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 14,166,195 shares of the company’s stock worth $2,517,979,000 after purchasing an additional 13,940,627 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in DowDuPont by 5,163.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock worth $251,000 after purchasing an additional 13,160,717 shares during the period. Capital World Investors raised its holdings in DowDuPont by 2.6% in the 3rd quarter. Capital World Investors now owns 131,628,818 shares of the company’s stock worth $8,465,049,000 after purchasing an additional 3,387,817 shares during the period. Finally, Morgan Stanley raised its holdings in DowDuPont by 7.6% in the 3rd quarter. Morgan Stanley now owns 21,342,100 shares of the company’s stock worth $1,372,513,000 after purchasing an additional 1,511,435 shares during the period. 68.66% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on DowDuPont from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Cowen cut DowDuPont from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $78.00 to $59.00 in a report on Wednesday, February 6th. Credit Suisse Group reiterated an “outperform” rating and issued a $68.00 price target (down previously from $79.00) on shares of DowDuPont in a research note on Friday, February 1st. Zacks Investment Research lowered DowDuPont from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, DZ Bank lowered DowDuPont from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $72.28.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). The firm had revenue of $20.10 billion for the quarter, compared to analysts’ expectations of $21.11 billion. DowDuPont had a net margin of 4.47% and a return on equity of 9.59%. Analysts anticipate that DowDuPont Inc will post 4.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.75%. DowDuPont’s payout ratio is 36.98%.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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