Canal Capital Management Lowers stake in E I Du Pont De Nemours And Co (DD)

E I Du Pont De Nemours And Co (DD) : Canal Capital Management reduced its stake in E I Du Pont De Nemours And Co by 2.77% during the most recent quarter end. The investment management company now holds a total of 24,410 shares of E I Du Pont De Nemours And Co which is valued at $1,684,046 after selling 695 shares in E I Du Pont De Nemours And Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.E I Du Pont De Nemours And Co makes up approximately 1.72% of Canal Capital Management’s portfolio.

Other Hedge Funds, Including , Ashfield Capital Partners reduced its stake in DD by selling 520 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 13,943 shares of DD which is valued at $961,928. E I Du Pont De Nemours And Co makes up approx 0.07% of Ashfield Capital Partners’s portfolio.Strategy Asset Managers reduced its stake in DD by selling 523 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 15,246 shares of DD which is valued at $1,055,328. E I Du Pont De Nemours And Co makes up approx 0.23% of Strategy Asset Managers’s portfolio.Canandaigua National Bank Trust Co boosted its stake in DD in the latest quarter, The investment management firm added 1,658 additional shares and now holds a total of 40,351 shares of E I Du Pont De Nemours And Co which is valued at $2,789,061. E I Du Pont De Nemours And Co makes up approx 0.79% of Canandaigua National Bank Trust Co’s portfolio. Boys Arnold Co Inc added DD to its portfolio by purchasing 42,667 company shares during the most recent quarter which is valued at $2,903,916. E I Du Pont De Nemours And Co makes up approx 0.49% of Boys Arnold Co Inc’s portfolio.

E I Du Pont De Nemours And Co opened for trading at $67.86 and hit $68.99 on the upside on Monday, eventually ending the session at $68.64, with a gain of 1.45% or 0.98 points. The heightened volatility saw the trading volume jump to 28,02,681 shares. Company has a market cap of $60,014 M.

On the company’s financial health, E I Du Pont De Nemours And Co reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.10. The company had revenue of $7061.00 million for the quarter, compared to analysts expectations of $6979.50 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.

Many Wall Street Analysts have commented on E I Du Pont De Nemours And Co. E I Du Pont De Nemours And Co was Downgraded by JP Morgan to ” Neutral” on Jun 28, 2016.

E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company’s subsidiaries and affiliates conduct manufacturing seed production or selling activities and distribute products manufactured by the Company. The Company’s segments include Agriculture Electronics & Communications Industrial Biosciences Nutrition & Health Performance Materials and Safety & Protection. The Company’s other business operations include various embryonic businesses such as pre-commercial programs and non-aligned businesses. DuPont conducts research and development (R&D) programs across multiple fields including biology chemistry engineering and materials science. The Company’s brands include Pioneer DuPont Teflon Capstone Opteon yf Isceon Suva Vazo Vertrel Virkon Viton Zyron and Bynel coextrudable adhesive resins Elvax EVA resins DuPont Kevlar Nomex and Tyvek.

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