Jolley Asset Management LLC Buys Shares of 6,182 DowDuPont Inc (DWDP)

Jolley Asset Management LLC bought a new position in shares of DowDuPont Inc (NYSE:DWDP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,182 shares of the company’s stock, valued at approximately $330,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc raised its position in shares of DowDuPont by 0.7% in 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. Geode Capital Management LLC raised its position in shares of DowDuPont by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock valued at $1,463,987,000 after purchasing an additional 1,648,165 shares during the period. Northern Trust Corp raised its position in shares of DowDuPont by 2.5% in the fourth quarter. Northern Trust Corp now owns 27,001,522 shares of the company’s stock valued at $1,444,041,000 after purchasing an additional 659,376 shares during the period. Norges Bank bought a new stake in shares of DowDuPont in the fourth quarter valued at approximately $1,073,626,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of DowDuPont by 5,163.1% in the fourth 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 period. Hedge funds and other institutional investors own 69.18% of the company’s stock.

Shares of DowDuPont stock opened at $31.48 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.14. The stock has a market capitalization of $72.18 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. DowDuPont Inc has a 1 year low of $30.41 and a 1 year high of $48.34.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.14. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The company had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.47 billion. During the same period in the prior year, the firm posted $1.12 EPS. DowDuPont’s revenue for the quarter was down 8.7% on a year-over-year basis. Equities research analysts expect that DowDuPont Inc will post 2.29 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 26th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, May 2nd. DowDuPont’s dividend payout ratio (DPR) is 13.63%.

Several analysts have recently issued reports on DWDP shares. Jefferies Financial Group lowered their price target on shares of DowDuPont from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, March 29th. Bank of America set a $70.00 target price on shares of DowDuPont and gave the stock a “buy” rating in a report on Saturday, February 2nd. Argus decreased their target price on shares of DowDuPont from $81.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, February 5th. UBS Group initiated coverage on shares of DowDuPont in a report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 target price on the stock. Finally, Barclays decreased their target price on shares of DowDuPont from $58.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. DowDuPont has an average rating of “Hold” and an average price target of $56.00.

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DowDuPont Company Profile

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.

Further Reading: Average Daily Trade Volume – ADTV

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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