DowDuPont Inc (DWDP) Stake Lessened by Phocas Financial Corp.
Phocas Financial Corp. lessened its stake in DowDuPont Inc (NYSE:DWDP) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,415 shares of the company’s stock after selling 700 shares during the quarter. Phocas Financial Corp.’s holdings in DowDuPont were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc raised its position in DowDuPont by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 179,394,835 shares of the company’s stock worth $11,536,882,000 after buying an additional 1,236,916 shares during the last quarter. Geode Capital Management LLC raised its position in DowDuPont by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock worth $1,463,987,000 after buying an additional 1,648,165 shares during the last quarter. Northern Trust Corp raised its position in DowDuPont by 2.5% in the 4th quarter. Northern Trust Corp now owns 27,001,522 shares of the company’s stock worth $1,444,041,000 after buying an additional 659,376 shares during the last quarter. Morgan Stanley increased its position in shares of DowDuPont by 7.6% during the 3rd 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 last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of DowDuPont by 5,163.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock valued at $251,000 after purchasing an additional 13,160,717 shares during the last quarter. 69.37% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on DWDP. Royal Bank of Canada lowered shares of DowDuPont from a “top pick” rating to a “sector perform” rating and reduced their price target for the company from $61.00 to $40.00 in a research report on Tuesday, April 16th. Nomura reduced their price target on shares of DowDuPont from $57.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. SunTrust Banks reduced their price target on shares of DowDuPont to $41.00 and set a “positive” rating for the company in a research report on Monday, April 8th. UBS Group began coverage on shares of DowDuPont in a research report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 price target for the company. Finally, ValuEngine lowered shares of DowDuPont from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.80.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, January 31st. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). The company had revenue of $20.10 billion for the quarter, compared to the consensus estimate of $21.11 billion. DowDuPont had a net margin of 4.47% and a return on equity of 9.59%. On average, sell-side analysts expect that DowDuPont Inc will post 2.23 earnings per share for the current year.
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DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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