BB&T Corp trimmed its holdings in DowDuPont Inc (NYSE:DWDP) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 165,826 shares of the company’s stock after selling 3,027 shares during the quarter. BB&T Corp’s holdings in DowDuPont were worth $11,810,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC purchased a new position in DowDuPont during the 3rd quarter worth $101,000. Winfield Associates Inc. purchased a new position in shares of DowDuPont in the 3rd quarter valued at $103,000. Peddock Capital Advisors LLC purchased a new position in shares of DowDuPont in the 3rd quarter valued at $106,000. AllSquare Wealth Management LLC purchased a new position in shares of DowDuPont in the 3rd quarter valued at $108,000. Finally, NewSquare Capital LLC purchased a new position in shares of DowDuPont in the 3rd quarter valued at $109,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.
Shares of DowDuPont Inc (NYSE:DWDP) opened at $70.75 on Wednesday. DowDuPont Inc has a 52 week low of $59.29 and a 52 week high of $77.08. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $168,104.88, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.16. The business had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The firm’s quarterly revenue was up 54.1% on a year-over-year basis. equities analysts anticipate that DowDuPont Inc will post 4.15 earnings per share for the current year.
In other DowDuPont news, COO James C. Jr. Collins sold 15,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $71.11, for a total transaction of $1,066,650.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 410,348 shares of company stock worth $29,424,849. Insiders own 0.89% of the company’s stock.
A number of brokerages have recently issued reports on DWDP. Barclays upgraded DowDuPont from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 31st. Zacks Investment Research raised 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. UBS Group raised their price objective on DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Morgan Stanley raised their price objective on DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Stephens started coverage on DowDuPont in a research report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price 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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