South State Corp Buys 5,869 Shares of DowDuPont Inc (DWDP)
South State Corp raised its stake in shares of DowDuPont Inc (NYSE:DWDP) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,781 shares of the company’s stock after purchasing an additional 5,869 shares during the quarter. DowDuPont makes up about 1.9% of South State Corp’s holdings, making the stock its 7th biggest holding. South State Corp’s holdings in DowDuPont were worth $16,729,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. HC Financial Advisors Inc. purchased a new stake in shares of DowDuPont in the fourth quarter valued at $1,164,000. Argent Trust Co purchased a new stake in DowDuPont during the fourth quarter valued at about $855,000. Global X Management Co. LLC acquired a new position in shares of DowDuPont during the first quarter worth about $1,363,000. MRJ Capital Inc. lifted its stake in shares of DowDuPont by 16.7% during the first quarter. MRJ Capital Inc. now owns 77,412 shares of the company’s stock worth $4,931,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Grisanti Capital Management LLC lifted its stake in shares of DowDuPont by 11.7% during the first quarter. Grisanti Capital Management LLC now owns 130,160 shares of the company’s stock worth $8,292,000 after purchasing an additional 13,630 shares in the last quarter. 69.63% of the stock is currently owned by institutional investors and hedge funds.
DWDP has been the topic of a number of recent research reports. Credit Suisse Group reduced their price objective on DowDuPont from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, May 4th. Citigroup cut their price target on DowDuPont from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, May 4th. UBS Group boosted their price target on DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. MED reiterated a “buy” rating and issued a $90.00 price target on shares of DowDuPont in a research note on Tuesday, June 5th. Finally, Barclays cut their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $81.09.
Shares of NYSE DWDP opened at $67.08 on Friday. DowDuPont Inc has a 52-week low of $61.27 and a 52-week high of $77.08. The company has a market cap of $157.77 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.61 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.70.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.08. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The firm had revenue of $24.25 billion for the quarter, compared to analysts’ expectations of $23.71 billion. The company’s revenue was up 75.3% compared to the same quarter last year. equities research analysts predict that DowDuPont Inc will post 4.21 EPS for the current fiscal 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. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, August 30th. DowDuPont’s payout ratio is currently 44.71%.
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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