DowDuPont Stock to Reverse Split on Saturday, June 1st (DWDP)

DowDuPont Inc (NYSE:DWDP)’s stock is scheduled to reverse split before the market opens on Saturday, June 1st. The 1-3 reverse split was announced on Thursday, May 16th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 31st.

DWDP stock opened at $30.94 on Friday. The company has a market capitalization of $73.88 billion, a PE ratio of 7.53, a P/E/G ratio of 1.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.72. DowDuPont has a 1-year low of $30.06 and a 1-year high of $48.34.

DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, May 2nd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.70 by $0.14. The business had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.47 billion. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. DowDuPont’s revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 EPS. Analysts forecast that DowDuPont will post 2.14 earnings per share for the current year.

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

Several research analysts have recently commented on the company. BMO Capital Markets boosted their target price on DowDuPont from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Royal Bank of Canada reduced their target price on DowDuPont to $64.00 and set a “top pick” rating on the stock in a report on Tuesday, March 19th. Citigroup downgraded DowDuPont from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $60.00 to $40.00 in a report on Tuesday, April 2nd. Cowen downgraded DowDuPont from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $78.00 to $59.00 in a report on Wednesday, February 6th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $68.00 target price (down from $79.00) on shares of DowDuPont in a report on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $55.75.

Several hedge funds have recently bought and sold shares of DWDP. Norges Bank acquired a new position in shares of DowDuPont in the 4th quarter valued at $1,073,626,000. Oregon Public Employees Retirement Fund lifted its stake in shares of DowDuPont by 5,163.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock valued at $251,000 after purchasing an additional 13,160,717 shares during the period. BlackRock Inc. lifted its stake in shares of DowDuPont by 2.1% in the 1st quarter. BlackRock Inc. now owns 147,629,279 shares of the company’s stock valued at $7,870,117,000 after purchasing an additional 3,055,557 shares during the period. Geode Capital Management LLC lifted its stake in shares of DowDuPont by 8.5% in the 1st quarter. Geode Capital Management LLC now owns 29,754,256 shares of the company’s stock valued at $1,583,469,000 after purchasing an additional 2,330,735 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in shares of DowDuPont by 1,255.4% in the 1st quarter. OppenheimerFunds Inc. now owns 1,855,908 shares of the company’s stock valued at $98,939,000 after purchasing an additional 1,718,980 shares during the period. 67.84% of the stock is currently owned by institutional investors.

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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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