Institutional & Family Asset Management LLC Invests $117,000 in DowDuPont Inc (DWDP) Stock

Institutional & Family Asset Management LLC bought a new stake in DowDuPont Inc (NYSE:DWDP) during the first quarter, HoldingsChannel reports. The fund bought 1,841 shares of the company’s stock, valued at approximately $117,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in DowDuPont by 0.7% in the fourth quarter. BlackRock Inc. now owns 156,234,472 shares of the company’s stock valued at $11,127,020,000 after acquiring an additional 1,138,483 shares during the period. Geode Capital Management LLC lifted its holdings in DowDuPont by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 23,283,514 shares of the company’s stock valued at $1,654,570,000 after acquiring an additional 797,843 shares during the period. Alliancebernstein L.P. lifted its holdings in DowDuPont by 8.5% in the fourth quarter. Alliancebernstein L.P. now owns 11,347,134 shares of the company’s stock valued at $808,143,000 after acquiring an additional 888,106 shares during the period. Swiss National Bank lifted its holdings in DowDuPont by 0.4% in the fourth quarter. Swiss National Bank now owns 8,607,534 shares of the company’s stock valued at $613,029,000 after acquiring an additional 37,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of DowDuPont by 38.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,290 shares of the company’s stock worth $538,878,000 after buying an additional 2,344,766 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

NYSE DWDP opened at $69.78 on Wednesday. DowDuPont Inc has a one year low of $61.27 and a one year high of $77.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 1.21. The firm has a market capitalization of $161.84 billion, a P/E ratio of 20.52, a PEG ratio of 1.75 and a beta of 1.30.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. DowDuPont had a return on equity of 8.01% and a net margin of 2.37%. The firm had revenue of $21.51 billion during the quarter, compared to the consensus estimate of $21.31 billion. The firm’s quarterly revenue was up 62.6% on a year-over-year basis. sell-side analysts forecast that DowDuPont Inc will post 4.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.18%. The ex-dividend date is Wednesday, May 30th. DowDuPont’s dividend payout ratio is currently 44.71%.

DWDP has been the subject of several research analyst reports. Deutsche Bank reduced their target price on DowDuPont from $84.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Citigroup reduced their target price on DowDuPont from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $85.00 target price on shares of DowDuPont in a research note on Tuesday, April 17th. Bank of America reduced their target price on DowDuPont from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Tuesday, April 10th. Finally, HSBC raised DowDuPont from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Six research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $81.13.

In other DowDuPont news, insider Andrew N. Liveris sold 268,406 shares of the company’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $68.94, for a total value of $18,503,909.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Charles J. Kalil sold 19,841 shares of the company’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $68.40, for a total value of $1,357,124.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 418,095 shares of company stock valued at $28,745,234. 0.42% of the stock is owned by corporate insiders.

About DowDuPont

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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