Douglas Lane & Associates LLC Decreases Position in DowDuPont Inc (DWDP)
Douglas Lane & Associates LLC trimmed its position in DowDuPont Inc (NYSE:DWDP) by 14.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,732 shares of the company’s stock after selling 2,956 shares during the period. Douglas Lane & Associates LLC’s holdings in DowDuPont were worth $945,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. PRW Wealth Management LLC bought a new position in DowDuPont in the fourth quarter worth about $26,000. Capital Financial Planning LLC bought a new stake in shares of DowDuPont during the fourth quarter valued at approximately $36,000. Evolution Wealth Advisors LLC bought a new stake in shares of DowDuPont during the fourth quarter valued at approximately $38,000. Clarfeld Financial Advisors LLC bought a new stake in shares of DowDuPont during the fourth quarter valued at approximately $43,000. Finally, Pacific Center for Financial Services raised its holdings in shares of DowDuPont by 133.3% during the fourth quarter. Pacific Center for Financial Services now owns 952 shares of the company’s stock valued at $51,000 after buying an additional 544 shares during the last quarter. 67.84% of the stock is currently owned by hedge funds and other institutional investors.
NYSE DWDP opened at $30.94 on Friday. DowDuPont Inc has a 12 month low of $30.06 and a 12 month high of $48.34. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The company has a market cap of $73.88 billion, a P/E ratio of 7.53, a P/E/G ratio of 1.50 and a beta of 1.29.
The business also recently disclosed a dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 26th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, May 2nd. DowDuPont’s dividend payout ratio is presently 13.63%.
A number of equities research analysts have recently weighed in on DWDP shares. JPMorgan Chase & Co. cut DowDuPont from an “overweight” rating to a “neutral” rating in a report on Friday, February 1st. Credit Suisse Group reaffirmed an “outperform” rating and set a $68.00 price target (down previously from $79.00) on shares of DowDuPont in a report on Friday, February 1st. BMO Capital Markets cut their price target on DowDuPont to $66.00 and set an “outperform” rating on the stock in a report on Friday, February 1st. Bank of America set a $70.00 price target on DowDuPont and gave the company a “buy” rating in a report on Saturday, February 2nd. Finally, SunTrust Banks cut their price target on DowDuPont to $57.00 and set a “hold” rating on the stock in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $55.75.
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DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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