Macnealy Hoover Investment Management Inc Lowers stake in E I Du Pont De Nemours And Co (DD)

E I Du Pont De Nemours And Co (DD) : Macnealy Hoover Investment Management Inc reduced its stake in E I Du Pont De Nemours And Co by 2.63% during the most recent quarter end. The investment management company now holds a total of 38,010 shares of E I Du Pont De Nemours And Co which is valued at $2,420,857 after selling 1,025 shares in E I Du Pont De Nemours And Co , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.E I Du Pont De Nemours And Co makes up approximately 0.46% of Macnealy Hoover Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Carl Domino Inc reduced its stake in DD by selling 200 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 29,590 shares of DD which is valued at $1,884,587. E I Du Pont De Nemours And Co makes up approx 1.73% of Carl Domino Inc’s portfolio.Curian Capital reduced its stake in DD by selling 116,886 shares or 63.73% in the most recent quarter. The Hedge Fund company now holds 66,528 shares of DD which is valued at $4,237,168. E I Du Pont De Nemours And Co makes up approx 0.30% of Curian Capital’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in DD by selling 125 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 28,697 shares of DD which is valued at $1,827,712. E I Du Pont De Nemours And Co makes up approx 0.56% of First National Bank Trust Co Of Newtown’s portfolio.Cullinan Associates Inc reduced its stake in DD by selling 200 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 13,200 shares of DD which is valued at $849,552. E I Du Pont De Nemours And Co makes up approx 0.07% of Cullinan Associates Inc’s portfolio.

E I Du Pont De Nemours And Co opened for trading at $66.05 and hit $66.38 on the upside on Wednesday, eventually ending the session at $66.09, with a gain of 0.23% or 0.15 points. The heightened volatility saw the trading volume jump to 16,71,171 shares. Company has a market cap of $57,730 M.

On the company’s financial health, E I Du Pont De Nemours And Co reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.26. The company had revenue of $5299.00 million for the quarter, compared to analysts expectations of $5312.69 million. The company’s revenue was down -9.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 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 Co was Downgraded by Credit Agricole to ” Underperform” on Apr 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $62 .

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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