Investors Asset Management of Georgia Inc. GA ADV Has $470,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Investors Asset Management of Georgia Inc. GA ADV increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 108.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,114 shares of the basic materials company’s stock after acquiring an additional 3,180 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in DuPont de Nemours were worth $470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth about $25,000. Cornerstone Planning Group LLC bought a new position in shares of DuPont de Nemours during the 2nd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours during the 1st quarter valued at about $26,000. Carmel Capital Partners LLC bought a new stake in DuPont de Nemours in the 3rd quarter valued at approximately $36,000. Finally, AlphaMark Advisors LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at approximately $41,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

DuPont de Nemours Stock Performance

Shares of DD stock traded up $0.02 during trading on Thursday, reaching $73.11. 791,814 shares of the company’s stock were exchanged, compared to its average volume of 3,088,654. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $72.40 and its 200-day moving average price is $72.12. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74. The stock has a market capitalization of $30.57 billion, a PE ratio of 78.58, a PEG ratio of 2.40 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm posted $0.89 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.08%. DuPont de Nemours’s dividend payout ratio is 163.44%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DD. JPMorgan Chase & Co. boosted their target price on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their target price for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. Citigroup boosted their target price on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Wells Fargo & Company boosted their target price on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.