Corient Capital Partners LLC raised its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,355 shares of the company’s stock after purchasing an additional 1,224 shares during the quarter. Corient Capital Partners LLC’s holdings in DowDuPont were worth $1,378,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in DowDuPont by 0.7% during the 4th quarter. BlackRock Inc. now owns 156,234,472 shares of the company’s stock worth $11,127,020,000 after buying an additional 1,138,483 shares during the last quarter. JPMorgan Chase & Co. bought a new position in DowDuPont during the 3rd quarter worth approximately $2,095,726,000. Bank of New York Mellon Corp bought a new position in DowDuPont during the 3rd quarter worth approximately $1,920,750,000. Geode Capital Management LLC lifted its holdings in DowDuPont by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 23,283,514 shares of the company’s stock worth $1,654,570,000 after buying an additional 797,843 shares during the last quarter. Finally, Wells Fargo & Company MN bought a new position in DowDuPont during the 3rd quarter worth approximately $1,111,269,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.
In related news, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total value of $5,042,604.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ronald C. Edmonds sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.
DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The firm had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont’s quarterly revenue was up 54.1% on a year-over-year basis. equities analysts anticipate that DowDuPont Inc will post 4.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, February 27th. DowDuPont’s dividend payout ratio is currently 96.82%.
A number of research analysts have commented on the company. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Jefferies Group reissued a “buy” rating and issued a $85.00 price target on shares of DowDuPont in a report on Friday, February 2nd. Zacks Investment Research downgraded DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays cut their price target on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, Nomura raised their price target on DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $80.71.
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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