E I Du Pont De Nemours And Co (DD) Shares Sold by Exxonmobil Investment Management Inc. TX
Exxonmobil Investment Management Inc. TX lowered its stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 13.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 166,469 shares of the basic materials company’s stock after selling 25,523 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in E I Du Pont De Nemours And were worth $13,436,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of DD. Acrospire Investment Management LLC bought a new stake in E I Du Pont De Nemours And during the 1st quarter worth about $104,000. Invictus RG bought a new stake in E I Du Pont De Nemours And during the 1st quarter worth about $116,000. Signature Estate & Investment Advisors LLC bought a new stake in E I Du Pont De Nemours And during the 1st quarter worth about $125,000. Benjamin F. Edwards & Company Inc. grew its holdings in E I Du Pont De Nemours And by 6.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 107 shares during the last quarter. Finally, Advantage Investment Management LLC grew its holdings in E I Du Pont De Nemours And by 2.0% during the 1st quarter. Advantage Investment Management LLC now owns 1,705 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 33 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of E I Du Pont De Nemours And Co (DD) remained flat at $83.93 on Friday. 34,861,021 shares of the stock traded hands. The firm’s 50-day moving average is $82.87 and its 200 day moving average is $80.79. The firm has a market capitalization of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a one year low of $66.02 and a one year high of $86.36.
E I Du Pont De Nemours And (NYSE:DD) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.09. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio is currently 59.38%.
DD has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $96.00 price objective on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Zacks Investment Research raised shares of E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Tuesday, August 22nd. BidaskClub raised shares of E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Morgan Stanley reissued a “buy” rating and set a $77.00 price objective on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. E I Du Pont De Nemours And has a consensus rating of “Buy” and an average target price of $80.89.
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In other news, SVP Benito Cachinero sold 10,621 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $81.67, for a total value of $867,417.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.31% of the company’s stock.
About E I Du Pont De Nemours And
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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