Bbva Compass Bancshares Inc. Decreases Holdings in DowDuPont Inc (DWDP)

Bbva Compass Bancshares Inc. reduced its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,858 shares of the company’s stock after selling 1,497 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in DowDuPont were worth $2,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Epoch Investment Partners Inc. grew its stake in DowDuPont by 23.1% during the first quarter. Epoch Investment Partners Inc. now owns 8,638,870 shares of the company’s stock worth $550,383,000 after buying an additional 1,621,876 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of DowDuPont by 38.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,458,290 shares of the company’s stock valued at $538,878,000 after purchasing an additional 2,344,766 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of DowDuPont by 5.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,432,198 shares of the company’s stock valued at $489,930,000 after purchasing an additional 394,545 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of DowDuPont by 3.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,369,228 shares of the company’s stock valued at $419,860,000 after purchasing an additional 198,171 shares during the period. Finally, Temasek Holdings Private Ltd boosted its stake in shares of DowDuPont by 6.9% in the first quarter. Temasek Holdings Private Ltd now owns 6,009,749 shares of the company’s stock valued at $382,881,000 after purchasing an additional 389,659 shares during the period. Institutional investors own 69.63% of the company’s stock.

Several brokerages have recently weighed in on DWDP. MED restated a “buy” rating and issued a $90.00 target price on shares of DowDuPont in a research note on Thursday, May 17th. Citigroup decreased their target price on shares of DowDuPont from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Royal Bank of Canada restated a “buy” rating and issued a $85.00 target price on shares of DowDuPont in a research note on Tuesday, April 17th. UBS Group upped their target price on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Deutsche Bank decreased their target price on shares of DowDuPont from $84.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, May 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $81.09.

In other DowDuPont news, insider Andrew N. Liveris sold 268,406 shares of the stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $68.94, for a total transaction of $18,503,909.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew N. Liveris sold 100,000 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $69.57, for a total transaction of $6,957,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 518,095 shares of company stock worth $35,702,234 over the last quarter. 0.42% of the stock is currently owned by insiders.

NYSE DWDP opened at $66.59 on Tuesday. DowDuPont Inc has a 12 month low of $61.27 and a 12 month high of $77.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.70. The firm has a market cap of $157.77 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.61 and a beta of 1.26.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The firm had revenue of $24.25 billion for the quarter, compared to the consensus estimate of $23.71 billion. The firm’s revenue for the quarter was up 75.3% compared to the same quarter last year. research analysts expect that DowDuPont Inc will post 4.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.28%. DowDuPont’s dividend payout ratio (DPR) is 44.71%.

DowDuPont Company Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

Featured Story: Marijuana Stocks Investing Considerations

Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DowDuPont Inc (NYSE:DWDP).

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

Receive News & Ratings for DowDuPont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply