Altfest L J & Co. Inc. Grows Position in DowDuPont Inc (NYSE:DWDP)

Altfest L J & Co. Inc. increased its holdings in DowDuPont Inc (NYSE:DWDP) by 76.0% in the first quarter, HoldingsChannel.com reports. The fund owned 17,845 shares of the company’s stock after purchasing an additional 7,708 shares during the quarter. Altfest L J & Co. Inc.’s holdings in DowDuPont were worth $951,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DWDP. PRW Wealth Management LLC purchased a new stake in shares of DowDuPont during the fourth quarter valued at about $26,000. Capital Financial Planning LLC purchased a new stake in shares of DowDuPont during the fourth quarter valued at about $36,000. Covenant Multifamily Offices LLC purchased a new stake in shares of DowDuPont during the first quarter valued at about $40,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of DowDuPont during the fourth quarter valued at about $43,000. Finally, Pacific Center for Financial Services lifted its position in shares of DowDuPont by 133.3% during the fourth quarter. Pacific Center for Financial Services now owns 952 shares of the company’s stock valued at $51,000 after buying an additional 544 shares during the last quarter. 67.74% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on DWDP shares. BMO Capital Markets cut their price objective on shares of DowDuPont from $138.00 to $132.00 and set an “outperform” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada cut their price target on shares of DowDuPont to $192.00 and set a “top pick” rating on the stock in a report on Tuesday, March 19th. UBS Group initiated coverage on shares of DowDuPont in a report on Wednesday, April 3rd. They issued a “buy” rating and a $135.00 price target on the stock. Nomura dropped their price objective on shares of DowDuPont from $171.00 to $117.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Finally, SunTrust Banks dropped their price objective on shares of DowDuPont to $123.00 and set a “positive” rating on the stock in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $165.45.

Shares of DWDP traded up $0.25 during midday trading on Friday, reaching $75.08. The company had a trading volume of 3,412,598 shares, compared to its average volume of 15,635,282. DowDuPont Inc has a 1-year low of $30.06 and a 1-year high of $48.34. The company has a market capitalization of $168.66 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, May 2nd. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.42. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. The business had revenue of $19.65 billion during the quarter, compared to the consensus estimate of $19.47 billion. During the same period last year, the company earned $3.36 EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, equities analysts anticipate that DowDuPont Inc will post 2.14 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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