ZWJ Investment Counsel Inc. bought a new stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) during the first quarter, Holdings Channel reports. The firm bought 2,586 shares of the basic materials company’s stock, valued at approximately $208,000.

Other large investors have also made changes to their positions in the company. Summit Financial Wealth Advisors LLC raised its stake in shares of E.I. du Pont de Nemours and by 0.8% in the first quarter. Summit Financial Wealth Advisors LLC now owns 4,539 shares of the basic materials company’s stock valued at $365,000 after buying an additional 38 shares in the last quarter. HRT Financial LLC acquired a new stake in shares of E.I. du Pont de Nemours and during the first quarter valued at about $499,000. Hyman Charles D raised its stake in shares of E.I. du Pont de Nemours and by 0.6% in the first quarter. Hyman Charles D now owns 27,685 shares of the basic materials company’s stock valued at $2,224,000 after buying an additional 165 shares in the last quarter. Oarsman Capital Inc. raised its stake in shares of E.I. du Pont de Nemours and by 72.4% in the first quarter. Oarsman Capital Inc. now owns 5,975 shares of the basic materials company’s stock valued at $480,000 after buying an additional 2,509 shares in the last quarter. Finally, AXA raised its stake in shares of E.I. du Pont de Nemours and by 29.7% in the first quarter. AXA now owns 314,721 shares of the basic materials company’s stock valued at $25,282,000 after buying an additional 71,983 shares in the last quarter. 71.23% of the stock is owned by hedge funds and other institutional investors.

E.I. du Pont de Nemours and Company (DD) opened at 81.79 on Tuesday. The company has a market cap of $70.98 billion, a P/E ratio of 31.95 and a beta of 1.76. E.I. du Pont de Nemours and Company has a 1-year low of $66.02 and a 1-year high of $86.36. The stock’s 50 day moving average price is $82.93 and its 200 day moving average price is $79.88.

E.I. du Pont de Nemours and (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The company had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. E.I. du Pont de Nemours and’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, equities analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is presently 59.38%.

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Several brokerages have recently issued reports on DD. BidaskClub lowered E.I. du Pont de Nemours and from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research lowered E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 target price (up from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. E.I. du Pont de Nemours and presently has a consensus rating of “Hold” and an average price target of $81.15.

E.I. du Pont de Nemours and Company Profile

E. I. du Pont de Nemours and Company is a science and technology-based company. It operates through six segments: Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Protection Solutions. Its Agriculture segment includes products, such as corn hybrids and soybean varieties, herbicides, fungicides and insecticides.

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Institutional Ownership by Quarter for E.I. du Pont de Nemours and (NYSE:DD)

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