Private Asset Management Inc. Reduces Stake in DowDuPont Inc (DWDP)
Private Asset Management Inc. decreased its stake in shares of DowDuPont Inc (NYSE:DWDP) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 63,006 shares of the company’s stock after selling 3,039 shares during the quarter. Private Asset Management Inc.’s holdings in DowDuPont were worth $3,359,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. PRW Wealth Management LLC bought a new stake in DowDuPont in the fourth quarter valued at about $26,000. Bogart Wealth LLC increased its stake in DowDuPont by 46.5% in the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock valued at $33,000 after acquiring an additional 200 shares during the period. G&S Capital LLC increased its stake in DowDuPont by 116.8% in the fourth quarter. G&S Capital LLC now owns 657 shares of the company’s stock valued at $35,000 after acquiring an additional 354 shares during the period. Capital Financial Planning LLC bought a new stake in DowDuPont in the fourth quarter valued at about $36,000. Finally, Evolution Wealth Advisors LLC bought a new stake in DowDuPont in the fourth quarter valued at about $38,000. Institutional investors own 69.40% of the company’s stock.
A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of DowDuPont from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. Cowen lowered shares of DowDuPont from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $78.00 to $59.00 in a research report on Wednesday, February 6th. Credit Suisse Group restated an “outperform” rating and issued a $68.00 price target (down from $79.00) on shares of DowDuPont in a research report on Friday, February 1st. Morgan Stanley reduced their price target on shares of DowDuPont from $70.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered shares of DowDuPont from a “top pick” rating to a “sector perform” rating and reduced their price target for the company from $61.00 to $40.00 in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. DowDuPont currently has an average rating of “Hold” and a consensus price target of $57.70.
DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, January 31st. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. The company had revenue of $20.10 billion for the quarter, compared to analyst estimates of $21.11 billion. Research analysts predict that DowDuPont Inc will post 2.19 EPS for the current year.
DowDuPont Company Profile
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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