HM Payson & Co. decreased its position in shares of DowDuPont Inc (NYSE:DWDP) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,339 shares of the company’s stock after selling 5,318 shares during the quarter. HM Payson & Co.’s holdings in DowDuPont were worth $7,932,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DWDP. Vanguard Group Inc. boosted its holdings in DowDuPont by 0.7% in the third quarter. Vanguard Group Inc. now owns 179,394,835 shares of the company’s stock valued at $11,536,882,000 after acquiring an additional 1,236,916 shares during the last quarter. Capital World Investors boosted its holdings in shares of DowDuPont by 2.6% during the 3rd quarter. Capital World Investors now owns 131,628,818 shares of the company’s stock worth $8,465,049,000 after buying an additional 3,387,817 shares in the last quarter. Capital International Investors boosted its holdings in shares of DowDuPont by 217.7% during the 3rd quarter. Capital International Investors now owns 31,674,850 shares of the company’s stock worth $2,037,010,000 after buying an additional 21,705,299 shares in the last quarter. Morgan Stanley lifted its holdings in shares of DowDuPont by 7.6% in the 3rd quarter. Morgan Stanley now owns 21,342,100 shares of the company’s stock worth $1,372,513,000 after purchasing an additional 1,511,435 shares in the last quarter. Finally, Third Point LLC lifted its holdings in shares of DowDuPont by 1.6% in the 2nd quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock worth $942,656,000 after purchasing an additional 225,000 shares in the last quarter. 68.61% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. Barclays lowered their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. ValuEngine lowered DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Citigroup decreased their price objective on DowDuPont to $67.00 and set a “buy” rating for the company in a report on Monday, November 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their target price on DowDuPont from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Finally, Deutsche Bank reiterated a “buy” rating and set a $72.00 price target on shares of DowDuPont in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. DowDuPont has a consensus rating of “Buy” and a consensus price target of $78.47.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $20.12 billion during 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 for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, research analysts anticipate that DowDuPont Inc will post 4.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 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.
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