Wedbush Securities Inc. Buys 4,215 Shares of DowDuPont Inc (DWDP)

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Wedbush Securities Inc. boosted its stake in shares of DowDuPont Inc (NYSE:DWDP) by 13.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,499 shares of the company’s stock after acquiring an additional 4,215 shares during the quarter. Wedbush Securities Inc.’s holdings in DowDuPont were worth $1,839,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. PRW Wealth Management LLC purchased a new stake in shares of DowDuPont in the fourth quarter valued at approximately $26,000. G&S Capital LLC increased its position in shares of DowDuPont by 116.8% in the fourth quarter. G&S Capital LLC now owns 657 shares of the company’s stock valued at $35,000 after buying an additional 354 shares in the last quarter. Capital Financial Planning LLC purchased a new stake in shares of DowDuPont in the fourth quarter valued at approximately $36,000. Evolution Wealth Advisors LLC purchased a new stake in shares of DowDuPont in the fourth quarter valued at approximately $38,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in shares of DowDuPont in the fourth quarter valued at approximately $43,000. Institutional investors own 69.72% of the company’s stock.

Shares of NYSE:DWDP opened at $30.80 on Friday. 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 capitalization of $70.10 billion, a PE ratio of 7.49, a PEG ratio of 1.31 and a beta of 1.29. DowDuPont Inc has a 1 year low of $30.06 and a 1 year high of $48.34.

DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.14. The firm had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.47 billion. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. The business’s revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Research analysts anticipate that DowDuPont Inc will post 2.29 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, April 26th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. DowDuPont’s dividend payout ratio is presently 13.63%.

A number of analysts have recently commented on DWDP shares. JPMorgan Chase & Co. cut DowDuPont from an “overweight” rating to a “neutral” rating in a research report on Friday, February 1st. Credit Suisse Group restated an “outperform” rating and issued a $68.00 price objective (down from $79.00) on shares of DowDuPont in a research report on Friday, February 1st. BMO Capital Markets cut their price objective on DowDuPont to $66.00 and set an “outperform” rating for the company in a research report on Friday, February 1st. Bank of America set a $70.00 price objective on DowDuPont and gave the company a “buy” rating in a research report on Saturday, February 2nd. Finally, SunTrust Banks cut their price objective on DowDuPont to $57.00 and set a “hold” rating for the company in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.00.

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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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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