DowDuPont Inc (DWDP) is Biegel & Waller LLC’s 10th Largest Position

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Biegel & Waller LLC raised its holdings in DowDuPont Inc (NYSE:DWDP) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 69,971 shares of the company’s stock after acquiring an additional 1,840 shares during the period. DowDuPont accounts for 2.9% of Biegel & Waller LLC’s portfolio, making the stock its 10th largest position. Biegel & Waller LLC’s holdings in DowDuPont were worth $4,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Elmwood Wealth Management Inc. acquired a new stake in shares of DowDuPont during the 1st quarter worth approximately $102,000. Winthrop Partners WNY LLC acquired a new stake in shares of DowDuPont during the 1st quarter worth approximately $111,000. Institutional & Family Asset Management LLC acquired a new stake in shares of DowDuPont during the 1st quarter worth approximately $117,000. Cascade Investment Advisors Inc. grew its holdings in shares of DowDuPont by 85.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock worth $118,000 after purchasing an additional 825 shares in the last quarter. Finally, SG3 Management LLC acquired a new stake in shares of DowDuPont during the 2nd quarter worth approximately $132,000. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

DowDuPont stock opened at $71.44 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The company has a market cap of $161.19 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.65 and a beta of 1.26. DowDuPont Inc has a one year low of $61.27 and a one year high of $77.08.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The business had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The business’s revenue for the quarter was up 75.3% compared to the same quarter last year. equities research analysts forecast that DowDuPont Inc will post 4.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.52 annualized dividend and a yield of 2.13%. DowDuPont’s payout ratio is 44.71%.

In other DowDuPont news, General Counsel Charles J. Kalil sold 19,841 shares of DowDuPont stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $68.40, for a total value of $1,357,124.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward D. Breen acquired 29,580 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was acquired at an average price of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. In the last quarter, insiders sold 488,892 shares of company stock valued at $33,938,668. Corporate insiders own 0.42% of the company’s stock.

Several analysts have recently weighed in on DWDP shares. MED reissued a “buy” rating and set a $90.00 price objective on shares of DowDuPont in a report on Thursday, August 2nd. Barclays decreased their price objective on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Citigroup decreased their price objective on DowDuPont from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, May 4th. Deutsche Bank decreased their price objective on DowDuPont from $84.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, May 4th. Finally, Credit Suisse Group decreased their price objective on DowDuPont from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, May 4th. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $81.09.

DowDuPont 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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