Phil Urban Buys 15,115 Shares of Mitchells & Butlers plc (MAB) Stock Investors Sell DowDuPont (DWDP) on Strength on Analyst Downgrade April 13th, 2019 - Comments Off on Investors Sell DowDuPont (DWDP) on Strength on Analyst Downgrade - Filed Under - by Tyrone Williams Tweet
Traders sold shares of DowDuPont Inc (NYSE:DWDP) on strength during trading hours on Friday after Nomura lowered their price target on the stock from $57.00 to $39.00. $73.23 million flowed into the stock on the tick-up and $149.68 million flowed out of the stock on the tick-down, for a money net flow of $76.45 million out of the stock. Of all companies tracked, DowDuPont had the 0th highest net out-flow for the day. DowDuPont traded up $0.58 for the day and closed at $39.47
A number of other equities research analysts also recently weighed in on DWDP. ValuEngine downgraded DowDuPont from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 3rd. BMO Capital Markets dropped their price objective on DowDuPont from $67.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 2nd. Jefferies Financial Group decreased their price target on DowDuPont from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, March 29th. SunTrust Banks decreased their price target on DowDuPont to $41.00 and set a “positive” rating for the company in a research note on Monday, April 8th. Finally, Bank of America cut DowDuPont from a “buy” rating to a “neutral” rating and set a $44.00 price target for the company. in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.00. Get DowDuPont alerts:
Institutional investors have recently added to or reduced their stakes in the business. PRW Wealth Management LLC purchased a new position in shares of DowDuPont in the fourth quarter worth about $26,000. Bogart Wealth LLC raised its stake in shares of DowDuPont by 46.5% in the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. G&S Capital LLC raised its stake in shares of DowDuPont by 116.8% in the fourth quarter. G&S Capital LLC now owns 657 shares of the company’s stock worth $35,000 after purchasing an additional 354 shares during the last quarter. Capital Financial Planning LLC purchased a new position in shares of DowDuPont in the fourth quarter worth about $36,000. Finally, Evolution Wealth Advisors LLC purchased a new position in shares of DowDuPont in the fourth quarter worth about $38,000. Institutional investors own 69.37% of the company’s stock. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.01 and a quick ratio of 1.33. The company has a market capitalization of $90.58 billion, a PE ratio of 9.60, a PEG ratio of 1.74 and a beta of 1.28.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). The company had revenue of $20.10 billion for the quarter, compared to analysts’ expectations of $21.11 billion. DowDuPont had a net margin of 4.47% and a return on equity of 9.59%. As a group, analysts forecast that DowDuPont Inc will post 2.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, February 27th. DowDuPont’s dividend payout ratio is currently 36.98%.
DowDuPont Company Profile ( NYSE:DWDP )
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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