Comerica Bank Reduces Stake in DowDuPont Inc (DWDP)
Comerica Bank decreased its stake in shares of DowDuPont Inc (NYSE:DWDP) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 997,042 shares of the company’s stock after selling 9,238 shares during the quarter. DowDuPont accounts for about 0.5% of Comerica Bank’s investment portfolio, making the stock its 28th biggest position. Comerica Bank’s holdings in DowDuPont were worth $66,863,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Elmwood Wealth Management Inc. bought a new stake in DowDuPont in the first quarter valued at about $102,000. Winthrop Partners WNY LLC bought a new stake in DowDuPont in the first quarter valued at about $111,000. Institutional & Family Asset Management LLC bought a new stake in DowDuPont in the first quarter valued at about $117,000. Cascade Investment Advisors Inc. increased its stake in DowDuPont by 85.1% in the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after acquiring an additional 825 shares during the period. Finally, Lee Financial Co increased its stake in DowDuPont by 652.9% in the first quarter. Lee Financial Co now owns 2,191 shares of the company’s stock valued at $140,000 after acquiring an additional 1,900 shares during the period. Institutional investors own 69.78% of the company’s stock.
In other news, General Counsel Charles J. Kalil sold 19,841 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $68.40, for a total transaction of $1,357,124.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward D. Breen bought 29,580 shares of DowDuPont stock in a transaction dated Wednesday, August 8th. The shares were bought at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. Insiders have sold 518,095 shares of company stock worth $35,702,234 over the last ninety days. Insiders own 0.42% of the company’s stock.
Shares of DowDuPont opened at $69.02 on Friday, Marketbeat reports. The company has a current ratio of 1.70, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. The stock has a market cap of $158.70 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.62 and a beta of 1.26. DowDuPont Inc has a 1-year low of $61.27 and a 1-year high of $77.08.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The firm had revenue of $24.25 billion for the quarter, compared to analysts’ expectations of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The firm’s quarterly revenue was up 75.3% compared to the same quarter last year. equities analysts anticipate that DowDuPont Inc will post 4.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.52 annualized dividend and a yield of 2.20%. DowDuPont’s dividend payout ratio is 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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