Baker Avenue Asset Management LP Has $2.46 Million Holdings in DowDuPont Inc (DWDP)

Baker Avenue Asset Management LP lowered its position in shares of DowDuPont Inc (NYSE:DWDP) by 76.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,956 shares of the company’s stock after selling 150,863 shares during the quarter. Baker Avenue Asset Management LP’s holdings in DowDuPont were worth $2,458,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Brown Advisory Inc. lifted its holdings in shares of DowDuPont by 48.0% in the fourth quarter. Brown Advisory Inc. now owns 3,742,629 shares of the company’s stock worth $200,157,000 after buying an additional 1,214,501 shares in the last quarter. First Trust Advisors LP increased its position in DowDuPont by 36.3% in the fourth quarter. First Trust Advisors LP now owns 571,431 shares of the company’s stock worth $30,560,000 after purchasing an additional 152,045 shares during the last quarter. Intersect Capital LLC increased its position in DowDuPont by 17.9% in the fourth quarter. Intersect Capital LLC now owns 29,564 shares of the company’s stock worth $1,581,000 after purchasing an additional 4,482 shares during the last quarter. MUFG Securities EMEA plc increased its position in DowDuPont by 432.0% in the fourth quarter. MUFG Securities EMEA plc now owns 332,800 shares of the company’s stock worth $17,798,000 after purchasing an additional 270,248 shares during the last quarter. Finally, Peachtree Investment Advisors Inc. increased its position in DowDuPont by 11.2% in the fourth quarter. Peachtree Investment Advisors Inc. now owns 33,604 shares of the company’s stock worth $1,797,000 after purchasing an additional 3,381 shares during the last quarter. 69.37% of the stock is currently owned by institutional investors and hedge funds.

DWDP stock opened at $39.15 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.33 and a debt-to-equity ratio of 0.39. DowDuPont Inc has a twelve month low of $16.30 and a twelve month high of $39.53. The firm has a market cap of $91.06 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.77 and a beta of 1.28.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, January 31st. The company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). DowDuPont had a net margin of 4.47% and a return on equity of 9.59%. The firm had revenue of $20.10 billion for the quarter, compared to the consensus estimate of $21.11 billion. As a group, analysts anticipate that DowDuPont Inc will post 2.23 EPS for the current fiscal year.

Several brokerages recently weighed in on DWDP. Royal Bank of Canada cut shares of DowDuPont from a “top pick” rating to a “sector perform” rating and reduced their price target for the stock from $61.00 to $40.00 in a research report on Tuesday. Nomura reduced their price target on shares of DowDuPont from $57.00 to $39.00 and set a “neutral” rating on the stock 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 on the stock 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 issued a “buy” rating and a $45.00 price target on the stock. Finally, ValuEngine cut shares of DowDuPont from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. DowDuPont currently has an average rating of “Hold” and a consensus price target of $57.80.

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DowDuPont 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.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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