DowDuPont Inc (DWDP) Position Lifted by Wolverine Asset Management LLC
Wolverine Asset Management LLC increased its stake in DowDuPont Inc (NYSE:DWDP) by 645.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 895,000 shares of the company’s stock after purchasing an additional 775,000 shares during the period. DowDuPont makes up 0.6% of Wolverine Asset Management LLC’s holdings, making the stock its 14th biggest holding. Wolverine Asset Management LLC’s holdings in DowDuPont were worth $63,741,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its position in DowDuPont by 0.7% in the fourth quarter. BlackRock Inc. now owns 156,234,472 shares of the company’s stock valued at $11,127,020,000 after acquiring an additional 1,138,483 shares during the last quarter. JPMorgan Chase & Co. bought a new position in DowDuPont in the third quarter valued at about $2,095,726,000. Bank of New York Mellon Corp bought a new position in DowDuPont in the third quarter valued at about $1,920,750,000. Geode Capital Management LLC grew its position in DowDuPont by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 23,283,514 shares of the company’s stock valued at $1,654,570,000 after acquiring an additional 797,843 shares during the last quarter. Finally, Wells Fargo & Company MN bought a new position in DowDuPont in the third quarter valued at about $1,111,269,000. Institutional investors own 70.41% of the company’s stock.
DowDuPont Inc (NYSE DWDP) opened at $65.62 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $157,046.02, a P/E ratio of 19.27, a P/E/G ratio of 1.72 and a beta of 1.24. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, February 27th. DowDuPont’s dividend payout ratio is currently 96.82%.
A number of research analysts have issued reports on DWDP shares. Royal Bank of Canada reiterated a “buy” rating and issued a $86.00 target price on shares of DowDuPont in a research report on Friday, December 8th. Barclays upgraded DowDuPont from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 31st. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, January 30th. Finally, Goldman Sachs started coverage on DowDuPont in a research note on Monday, December 4th. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $80.71.
In related news, insider Ronald C. Edmonds sold 15,000 shares of DowDuPont stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of DowDuPont stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total value of $5,042,604.00. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.
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DowDuPont Company Profile
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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