Union Bankshares Corp trimmed its position in DowDuPont Inc (NYSE:DWDP) by 14.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 49,294 shares of the company’s stock after selling 8,258 shares during the period. Union Bankshares Corp’s holdings in DowDuPont were worth $2,637,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Curbstone Financial Management Corp lifted its stake in shares of DowDuPont by 0.8% in the 4th quarter. Curbstone Financial Management Corp now owns 38,266 shares of the company’s stock valued at $2,046,000 after purchasing an additional 316 shares during the period. Carroll Financial Associates Inc. lifted its stake in shares of DowDuPont by 0.5% in the 4th quarter. Carroll Financial Associates Inc. now owns 73,528 shares of the company’s stock valued at $4,026,000 after purchasing an additional 370 shares during the period. Arlington Partners LLC lifted its stake in shares of DowDuPont by 28.7% in the 4th quarter. Arlington Partners LLC now owns 2,508 shares of the company’s stock valued at $134,000 after purchasing an additional 560 shares during the period. Avitas Wealth Management LLC lifted its stake in shares of DowDuPont by 10.2% in the 3rd quarter. Avitas Wealth Management LLC now owns 6,327 shares of the company’s stock valued at $407,000 after purchasing an additional 587 shares during the period. Finally, SNS Financial Group LLC lifted its stake in shares of DowDuPont by 8.8% in the 2nd quarter. SNS Financial Group LLC now owns 9,418 shares of the company’s stock valued at $620,000 after purchasing an additional 763 shares during the period. Hedge funds and other institutional investors own 69.23% of the company’s stock.
A number of research analysts have recently weighed in on DWDP shares. Citigroup reissued a “buy” rating and issued a $74.00 price target (down previously from $79.00) on shares of DowDuPont in a research note on Thursday, October 11th. Stephens downgraded DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price target on the stock. in a research note on Friday, October 19th. TheStreet downgraded DowDuPont from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. dropped their price objective on DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Finally, ValuEngine downgraded DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.47.
Shares of DWDP traded down $0.18 during midday trading on Monday, hitting $55.10. The stock had a trading volume of 48,920 shares, compared to its average volume of 10,452,129. DowDuPont Inc has a twelve month low of $48.89 and a twelve month high of $77.08. The company has a market capitalization of $129.54 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.17 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.64 and a quick ratio of 1.05.
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 Thomson Reuters’ consensus estimate of $0.71 by $0.03. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The firm had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $20.24 billion. During the same quarter last year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Sell-side analysts anticipate that DowDuPont Inc will post 4.14 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 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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