VisionPoint Advisory Group LLC Acquires New Holdings in DowDuPont Inc (DWDP)
VisionPoint Advisory Group LLC acquired a new position in DowDuPont Inc (NYSE:DWDP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,036 shares of the company’s stock, valued at approximately $216,000.
A number of other hedge funds have also recently added to or reduced their stakes in DWDP. Brown Advisory Inc. increased its holdings in shares of DowDuPont by 48.0% during the fourth quarter. Brown Advisory Inc. now owns 3,742,629 shares of the company’s stock worth $200,157,000 after buying an additional 1,214,501 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of DowDuPont by 36.3% during the fourth quarter. First Trust Advisors LP now owns 571,431 shares of the company’s stock worth $30,560,000 after buying an additional 152,045 shares in the last quarter. Intersect Capital LLC increased its holdings in shares of DowDuPont by 17.9% during the fourth quarter. Intersect Capital LLC now owns 29,564 shares of the company’s stock worth $1,581,000 after buying an additional 4,482 shares in the last quarter. Peachtree Investment Advisors Inc. increased its holdings in shares of DowDuPont by 11.2% during the fourth quarter. Peachtree Investment Advisors Inc. now owns 33,604 shares of the company’s stock worth $1,797,000 after buying an additional 3,381 shares in the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. increased its holdings in shares of DowDuPont by 48.5% during the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 79,522 shares of the company’s stock worth $4,253,000 after buying an additional 25,960 shares in the last quarter. Institutional investors own 69.37% of the company’s stock.
Several analysts have recently weighed in on DWDP shares. Jefferies Financial Group dropped their price objective on shares of DowDuPont from $66.00 to $62.00 and set a “buy” rating for the company in a report on Friday, March 29th. Bank of America set a $70.00 price objective on shares of DowDuPont and gave the stock a “buy” rating in a report on Saturday, February 2nd. Argus dropped their price objective on shares of DowDuPont from $81.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, February 5th. UBS Group assumed coverage on shares of DowDuPont in a research note on Wednesday, April 3rd. They set a “buy” rating and a $45.00 price target on the stock. Finally, DZ Bank cut shares of DowDuPont from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $60.70.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, January 31st. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). DowDuPont had a net margin of 4.47% and a return on equity of 9.59%. The business had revenue of $20.10 billion during the quarter, compared to the consensus estimate of $21.11 billion. As a group, equities analysts anticipate that DowDuPont Inc will post 2.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were paid a $0.38 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 3.95%. DowDuPont’s payout ratio is presently 36.98%.
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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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