Wexford Capital LP Increases Stake in DowDuPont Inc (DWDP)

Wexford Capital LP boosted its holdings in DowDuPont Inc (NYSE:DWDP) by 23.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 645,501 shares of the company’s stock after purchasing an additional 122,385 shares during the quarter. DowDuPont comprises approximately 3.0% of Wexford Capital LP’s investment portfolio, making the stock its 3rd largest holding. Wexford Capital LP’s holdings in DowDuPont were worth $41,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in DowDuPont by 0.7% in the 4th quarter. BlackRock Inc. now owns 156,234,472 shares of the company’s stock valued at $11,127,020,000 after purchasing an additional 1,138,483 shares during the period. Geode Capital Management LLC boosted its holdings in DowDuPont by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 23,283,514 shares of the company’s stock worth $1,654,570,000 after acquiring an additional 797,843 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in DowDuPont by 8.5% during the 4th quarter. Alliancebernstein L.P. now owns 11,347,134 shares of the company’s stock worth $808,143,000 after acquiring an additional 888,106 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in DowDuPont by 23.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 8,638,870 shares of the company’s stock worth $550,383,000 after acquiring an additional 1,621,876 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in DowDuPont by 38.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,290 shares of the company’s stock worth $538,878,000 after acquiring an additional 2,344,766 shares during the last quarter. 69.21% of the stock is owned by institutional investors and hedge funds.

In related news, insider Andrew N. Liveris sold 268,406 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $68.94, for a total value of $18,503,909.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew N. Liveris sold 100,000 shares of the business’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $69.57, for a total value of $6,957,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 518,095 shares of company stock worth $35,702,234 over the last quarter. Company insiders own 0.42% of the company’s stock.

DWDP has been the topic of a number of analyst reports. Morgan Stanley set a $80.00 price objective on shares of DowDuPont and gave the stock a “buy” rating in a report on Wednesday, March 21st. HSBC raised shares of DowDuPont from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. BMO Capital Markets initiated coverage on shares of DowDuPont in a report on Tuesday, March 27th. They set an “outperform” rating and a $82.00 price objective on the stock. Bank of America cut their price objective on shares of DowDuPont from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Finally, Credit Suisse Group cut their price objective on shares of DowDuPont from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, May 4th. Five investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $81.13.

DowDuPont opened at $65.28 on Friday, according to MarketBeat Ratings. The firm has a market cap of $153.46 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. DowDuPont Inc has a one year low of $61.27 and a one year high of $77.08. The company has a current ratio of 1.87, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29.

DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, May 3rd. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The company had revenue of $21.51 billion for the quarter, compared to analysts’ expectations of $21.31 billion. DowDuPont had a return on equity of 8.01% and a net margin of 2.37%. The firm’s revenue was up 62.6% compared to the same quarter last year. sell-side analysts forecast that DowDuPont Inc will post 4.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Wednesday, May 30th. DowDuPont’s payout ratio is 44.71%.

About DowDuPont

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.

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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