Bell & Brown Wealth Advisors LLC purchased a new position in shares of DowDuPont Inc (NYSE:DWDP) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 13,688 shares of the company’s stock, valued at approximately $975,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of 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 purchasing an additional 1,138,483 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of DowDuPont during the 3rd quarter worth approximately $2,095,726,000. Bank of New York Mellon Corp purchased a new position in DowDuPont in the 3rd quarter valued at approximately $1,920,750,000. Wells Fargo & Company MN purchased a new position in DowDuPont in the 3rd quarter valued at approximately $1,111,269,000. Finally, Third Point LLC purchased a new position in DowDuPont in the 3rd quarter valued at approximately $1,041,116,000. Institutional investors and hedge funds own 70.55% of the company’s stock.
In related news, General Counsel Charles J. Kalil sold 69,400 shares of DowDuPont stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. Insiders sold a total of 94,064 shares of company stock worth $6,797,500 over the last 90 days. Company insiders own 0.89% of the company’s stock.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The business had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. DowDuPont’s revenue was up 54.1% compared to the same quarter last year. sell-side analysts anticipate that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.15%. DowDuPont’s payout ratio is 178.82%.
Several brokerages have commented on DWDP. ValuEngine raised shares of DowDuPont from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Jefferies Group reissued a “buy” rating and issued a $85.00 price target on shares of DowDuPont in a research report on Friday, February 2nd. Zacks Investment Research cut shares of DowDuPont from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays decreased their price target on shares of DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Finally, Nomura raised their price target on shares of DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $80.71.
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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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