Wesbanco Bank Inc. lessened its stake in shares of DowDuPont Inc (NYSE:DWDP) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 412,794 shares of the company’s stock after selling 17,532 shares during the period. DowDuPont accounts for about 2.0% of Wesbanco Bank Inc.’s portfolio, making the stock its 8th biggest position. Wesbanco Bank Inc.’s holdings in DowDuPont were worth $29,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of DWDP. JPMorgan Chase & Co. bought a new position in DowDuPont during the 3rd quarter worth $2,095,726,000. Bank of New York Mellon Corp bought a new position in DowDuPont during the 3rd quarter worth $1,920,750,000. Wells Fargo & Company MN bought a new position in shares of DowDuPont in the 3rd quarter valued at $1,111,269,000. Third Point LLC bought a new position in shares of DowDuPont in the 3rd quarter valued at $1,041,116,000. Finally, Dupont Capital Management Corp bought a new position in shares of DowDuPont in the 3rd quarter valued at $884,806,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.
DWDP has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $80.00 price target on shares of DowDuPont in a research note on Wednesday, October 11th. Jefferies Group reiterated a “buy” rating and issued a $80.00 price target on shares of DowDuPont in a research note on Sunday, October 8th. UBS Group lifted their price target on DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 27th. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Goldman Sachs Group initiated coverage on DowDuPont in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $80.71.
In related news, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrew N. Liveris sold 187,402 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total value of $13,536,046.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 495,951 shares of company stock worth $35,502,729. 0.89% of the stock is currently owned by company insiders.
Shares of DowDuPont Inc (NYSE:DWDP) opened at $70.89 on Monday. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. DowDuPont Inc has a twelve month low of $59.29 and a twelve month high of $77.08. The firm has a market capitalization of $165,881.89, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.00 and a beta of 1.21.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The company had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.46 billion. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. research analysts forecast that DowDuPont Inc will post 4.09 earnings per share for the current year.
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DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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