Marshall Wace LLP Sells 68,887 Shares of DowDuPont Inc (DWDP)

Marshall Wace LLP lessened its stake in shares of DowDuPont Inc (NYSE:DWDP) by 15.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 374,987 shares of the company’s stock after selling 68,887 shares during the period. Marshall Wace LLP’s holdings in DowDuPont were worth $24,115,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Great Lakes Advisors LLC grew its holdings in DowDuPont by 25.0% during the third quarter. Great Lakes Advisors LLC now owns 43,609 shares of the company’s stock valued at $2,804,000 after purchasing an additional 8,729 shares during the period. Carnegie Capital Asset Management LLC grew its holdings in DowDuPont by 39.2% during the third quarter. Carnegie Capital Asset Management LLC now owns 406,316 shares of the company’s stock valued at $24,089,000 after purchasing an additional 114,361 shares during the period. Belpointe Asset Management LLC grew its holdings in DowDuPont by 41.8% during the third quarter. Belpointe Asset Management LLC now owns 46,426 shares of the company’s stock valued at $2,986,000 after purchasing an additional 13,679 shares during the period. Vanguard Group Inc. grew its holdings in DowDuPont by 0.7% during the third quarter. Vanguard Group Inc. now owns 179,394,835 shares of the company’s stock valued at $11,536,882,000 after purchasing an additional 1,236,916 shares during the period. Finally, Morgan Stanley grew its holdings in DowDuPont by 7.6% during the third quarter. Morgan Stanley now owns 21,342,100 shares of the company’s stock valued at $1,372,513,000 after purchasing an additional 1,511,435 shares during the period. 69.89% of the stock is owned by institutional investors and hedge funds.

NYSE:DWDP opened at $53.75 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $130.24 billion, a P/E ratio of 15.81, a PEG ratio of 1.35 and a beta of 1.51. DowDuPont Inc has a 12 month low of $51.32 and a 12 month high of $77.08.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. On average, equities research analysts anticipate that DowDuPont Inc will post 4.14 EPS for the current year.

The company 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 $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.83%. DowDuPont’s dividend payout ratio is currently 44.71%.

DWDP has been the topic of several research analyst reports. Deutsche Bank restated a “buy” rating and issued a $72.00 price objective on shares of DowDuPont in a research report on Friday, October 12th. Citigroup restated a “buy” rating and issued a $74.00 price objective (down from $79.00) on shares of DowDuPont in a research report on Thursday, October 11th. Alembic Global Advisors set a $90.00 price objective on DowDuPont and gave the company a “buy” rating in a research report on Thursday, November 1st. BMO Capital Markets lowered their price objective on DowDuPont from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Finally, TheStreet downgraded DowDuPont from a “b-” rating to a “c+” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently 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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