Graves Light Private Wealth Management Inc. increased its position in DowDuPont Inc (NYSE:DWDP) by 12.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,652 shares of the company’s stock after purchasing an additional 532 shares during the period. Graves Light Private Wealth Management Inc.’s holdings in DowDuPont were worth $248,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Manchester Capital Management LLC boosted its stake in DowDuPont by 0.9% in the fourth quarter. Manchester Capital Management LLC now owns 21,747 shares of the company’s stock valued at $1,434,000 after acquiring an additional 191 shares during the period. Kovack Advisors Inc. boosted its position in shares of DowDuPont by 2.4% during the fourth quarter. Kovack Advisors Inc. now owns 8,372 shares of the company’s stock worth $448,000 after buying an additional 193 shares during the period. Bogart Wealth LLC boosted its position in shares of DowDuPont by 46.5% during the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock worth $33,000 after buying an additional 200 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of DowDuPont by 3.8% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 5,464 shares of the company’s stock worth $292,000 after buying an additional 200 shares during the period. Finally, Cottage Street Advisors LLC boosted its position in shares of DowDuPont by 0.4% during the fourth quarter. Cottage Street Advisors LLC now owns 56,473 shares of the company’s stock worth $3,020,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 67.78% of the company’s stock.
NYSE DWDP traded up $0.32 on Wednesday, hitting $31.09. 11,841,224 shares of the stock were exchanged, compared to its average volume of 15,937,723. DowDuPont Inc has a 52-week low of $30.06 and a 52-week high of $48.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.72. The stock has a market cap of $72.39 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.45 and a beta of 1.29.
DowDuPont shares are going to reverse split on Saturday, June 1st. The 1-3 reverse split was announced on Thursday, May 16th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 31st.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.70 by $0.14. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The business had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.47 billion. During the same period in the previous year, the company posted $1.12 EPS. DowDuPont’s revenue was down 8.7% on a year-over-year basis. On average, research analysts forecast that DowDuPont Inc will post 2.14 EPS for the current fiscal year.
The business also recently declared a dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, April 26th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, May 2nd. DowDuPont’s dividend payout ratio is currently 13.63%.
Several equities research analysts recently commented on the company. BMO Capital Markets boosted 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. Barclays dropped their price target on DowDuPont from $58.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 7th. Cowen cut DowDuPont from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $78.00 to $59.00 in a report on Wednesday, February 6th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $68.00 price target (down previously from $79.00) on shares of DowDuPont in a report on Friday, February 1st. Finally, Morgan Stanley dropped their price target on DowDuPont from $70.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.75.
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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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