Private Advisor Group LLC Has $10.99 Million Position in DowDuPont Inc (DWDP)

Private Advisor Group LLC lifted its position in shares of DowDuPont Inc (NYSE:DWDP) by 42.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,934 shares of the company’s stock after acquiring an additional 51,309 shares during the period. Private Advisor Group LLC’s holdings in DowDuPont were worth $10,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Empirical Finance LLC bought a new stake in DowDuPont in the second quarter valued at $258,000. Fisher Asset Management LLC lifted its stake in DowDuPont by 41.9% in the second quarter. Fisher Asset Management LLC now owns 15,748 shares of the company’s stock valued at $1,038,000 after buying an additional 4,647 shares during the last quarter. Nadler Financial Group Inc. bought a new stake in DowDuPont in the second quarter valued at $221,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in DowDuPont by 15.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 40,997 shares of the company’s stock valued at $2,703,000 after buying an additional 5,600 shares during the last quarter. Finally, Grassi Investment Management lifted its stake in DowDuPont by 1.5% in the second quarter. Grassi Investment Management now owns 131,768 shares of the company’s stock valued at $8,686,000 after buying an additional 1,934 shares during the last quarter. 69.45% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the company. Citigroup cut their target price on DowDuPont to $67.00 and set a “buy” rating on the stock in a research note on Monday. They noted that the move was a valuation call. TheStreet cut DowDuPont from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. cut their target price on DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Nomura cut their target price on DowDuPont from $76.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Finally, BMO Capital Markets cut their target price on DowDuPont from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $78.00.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.42% of the company’s stock.

NYSE:DWDP opened at $58.02 on Wednesday. The stock has a market cap of $134.45 billion, a P/E ratio of 17.06, a PEG ratio of 1.39 and a beta of 1.48. DowDuPont Inc has a 52-week low of $51.32 and a 52-week high of $77.08. 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 (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. DowDuPont’s revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Sell-side analysts anticipate that DowDuPont Inc will post 4.15 earnings per share for the current fiscal year.

The business 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 $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.62%. DowDuPont’s dividend payout ratio is currently 44.71%.

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DowDuPont 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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