DowDuPont Inc (DWDP) Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. reduced its holdings in DowDuPont Inc (NYSE:DWDP) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,389 shares of the company’s stock after selling 5,600 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in DowDuPont were worth $2,276,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Artemis Investment Management LLP grew its stake in DowDuPont by 57.1% in the third quarter. Artemis Investment Management LLP now owns 495,278 shares of the company’s stock valued at $31,854,000 after acquiring an additional 180,093 shares during the period. Northeast Financial Consultants Inc grew its stake in DowDuPont by 75.7% in the third quarter. Northeast Financial Consultants Inc now owns 12,322 shares of the company’s stock valued at $792,000 after acquiring an additional 5,310 shares during the period. Eagle Asset Management Inc. grew its stake in DowDuPont by 16.4% in the third quarter. Eagle Asset Management Inc. now owns 1,416,666 shares of the company’s stock valued at $91,105,000 after acquiring an additional 199,956 shares during the period. Cedar Capital LLC grew its stake in DowDuPont by 14.8% in the third quarter. Cedar Capital LLC now owns 11,583 shares of the company’s stock valued at $745,000 after acquiring an additional 1,495 shares during the period. Finally, Weatherly Asset Management L. P. grew its stake in DowDuPont by 223.8% in the third quarter. Weatherly Asset Management L. P. now owns 11,473 shares of the company’s stock valued at $738,000 after acquiring an additional 7,930 shares during the period. Institutional investors and hedge funds own 68.61% of the company’s stock.

Shares of NYSE:DWDP opened at $56.97 on Friday. The company has a market cap of $132.68 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.37 and a beta of 1.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. DowDuPont Inc has a 12-month low of $51.32 and a 12-month high of $77.08.

DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. DowDuPont’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, research analysts predict that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.67%. DowDuPont’s payout ratio is 44.71%.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.

A number of brokerages have commented on DWDP. ValuEngine raised DowDuPont from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Citigroup reduced their price objective on DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, September 21st. Nomura cut DowDuPont from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $81.00 to $76.00 in a research note on Wednesday, September 26th. Barclays reduced their price objective on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. Finally, MED reissued a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $78.47.

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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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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