Avestar Capital LLC Takes $138,000 Position in DowDuPont Inc (DWDP)

Avestar Capital LLC acquired a new position in shares of DowDuPont Inc (NYSE:DWDP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,001 shares of the company’s stock, valued at approximately $138,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DWDP. BlackRock Inc. increased its position in shares of DowDuPont by 0.7% during the fourth 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 period. JPMorgan Chase & Co. acquired a new stake in shares of DowDuPont during the third quarter worth $2,095,726,000. Bank of New York Mellon Corp acquired a new stake in shares of DowDuPont during the third quarter worth $1,920,750,000. Geode Capital Management LLC increased its position in shares of DowDuPont by 3.5% during the fourth 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 period. Finally, Wells Fargo & Company MN acquired a new stake in shares of DowDuPont during the third quarter worth $1,111,269,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

DWDP stock opened at $63.06 on Friday. The stock has a market cap of $157,046.02, a price-to-earnings ratio of 40.17, a P/E/G ratio of 1.72 and a beta of 1.24. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91.

DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The firm had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. DowDuPont’s revenue for the quarter was up 54.1% compared to the same quarter last year. analysts predict that DowDuPont Inc will post 4.13 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, February 27th. DowDuPont’s payout ratio is currently 96.82%.

In related news, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ronald C. Edmonds sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $71.83, for a total transaction of $1,077,450.00. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on the stock. Barclays upgraded shares of DowDuPont from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, January 30th. Stephens assumed coverage on shares of DowDuPont in a research report on Monday, December 4th. They set an “overweight” rating and a $83.00 price objective for the company. Nomura increased their price objective on shares of DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price objective on shares of DowDuPont in a research report on Friday, December 8th. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. DowDuPont currently has a consensus rating of “Buy” and an average target price of $80.71.

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DowDuPont Company Profile

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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