Mission Wealth Management LP Grows Stake in DowDuPont Inc (DWDP)

Mission Wealth Management LP increased its stake in shares of DowDuPont Inc (NYSE:DWDP) by 17.7% in the 3rd quarter, Holdings Channel reports. The firm owned 13,097 shares of the company’s stock after buying an additional 1,968 shares during the period. Mission Wealth Management LP’s holdings in DowDuPont were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DWDP. Parsons Capital Management Inc. RI increased its holdings in DowDuPont by 1.2% during the second quarter. Parsons Capital Management Inc. RI now owns 63,602 shares of the company’s stock valued at $4,193,000 after buying an additional 728 shares during the last quarter. SNS Financial Group LLC increased its holdings in DowDuPont by 8.8% during the second quarter. SNS Financial Group LLC now owns 9,418 shares of the company’s stock valued at $620,000 after buying an additional 763 shares during the last quarter. Ascension Asset Management LLC increased its holdings in DowDuPont by 2.0% during the second quarter. Ascension Asset Management LLC now owns 38,303 shares of the company’s stock valued at $2,525,000 after buying an additional 766 shares during the last quarter. Barrett Asset Management LLC increased its holdings in DowDuPont by 1.0% during the second quarter. Barrett Asset Management LLC now owns 81,677 shares of the company’s stock valued at $5,384,000 after buying an additional 771 shares during the last quarter. Finally, Wellington Shields & Co. LLC boosted its position in shares of DowDuPont by 5.4% in the second quarter. Wellington Shields & Co. LLC now owns 15,607 shares of the company’s stock worth $1,029,000 after purchasing an additional 800 shares during the period. 69.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on DWDP shares. UBS Group upped their price target on shares of DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. MED reiterated a “buy” rating and issued a $90.00 price target on shares of DowDuPont in a research report on Thursday, August 2nd. ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Barclays dropped their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Finally, Citigroup dropped their price target on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. DowDuPont has an average rating of “Buy” and a consensus price target of $78.00.

DowDuPont stock opened at $58.02 on Wednesday. The firm has a market cap of $134.45 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 1.39 and a beta of 1.48. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. DowDuPont Inc has a 52-week low of $51.32 and a 52-week high of $77.08.

DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The company had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. DowDuPont’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. On average, equities research analysts predict that DowDuPont Inc will post 4.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s payout ratio is 44.71%.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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