DowDuPont Inc (DWDP) Shares Sold by Tokio Marine Asset Management Co. Ltd.
Tokio Marine Asset Management Co. Ltd. reduced its stake in DowDuPont Inc (NYSE:DWDP) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,839 shares of the company’s stock after selling 6,543 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in DowDuPont were worth $3,550,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of DWDP. Tradewinds Capital Management LLC acquired a new stake in DowDuPont during the 3rd quarter worth approximately $101,000. Winfield Associates Inc. acquired a new stake in DowDuPont during the 3rd quarter worth approximately $103,000. Peddock Capital Advisors LLC acquired a new stake in DowDuPont during the 3rd quarter worth approximately $106,000. AllSquare Wealth Management LLC acquired a new stake in DowDuPont during the 3rd quarter worth approximately $108,000. Finally, NewSquare Capital LLC acquired a new stake in DowDuPont during the 3rd quarter worth approximately $109,000. Institutional investors own 68.94% of the company’s stock.
DWDP has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. UBS Group boosted their price target on shares of DowDuPont from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada restated a “buy” rating and issued a $86.00 price target on shares of DowDuPont in a research report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. DowDuPont currently has a consensus rating of “Buy” and an average target price of $80.71.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.16. The company had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.46 billion. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The company’s quarterly revenue was up 54.1% compared to the same quarter last year. analysts expect that DowDuPont Inc will post 4.15 earnings per share for the current fiscal year.
In other news, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction on Friday, December 15th. The shares were sold at an average price of $70.10, for a total value of $677,446.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew N. Liveris sold 187,402 shares of DowDuPont stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total transaction of $13,536,046.46. The disclosure for this sale can be found here. Insiders sold a total of 410,348 shares of company stock valued at $29,424,849 in the last quarter. 0.89% of the stock is currently owned by company insiders.
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DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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