Davy Asset Management Ltd Lowers stake in E I Du Pont De Nemours And Co (DD)

E I Du Pont De Nemours And Co (DD) : Davy Asset Management Ltd reduced its stake in E I Du Pont De Nemours And Co by 4.94% during the most recent quarter end. The investment management company now holds a total of 167,321 shares of E I Du Pont De Nemours And Co which is valued at $11,530,090 after selling 8,688 shares in E I Du Pont De Nemours And Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.E I Du Pont De Nemours And Co makes up approximately 2.32% of Davy Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Ancora Inverness reduced its stake in DD by selling 4,100 shares or 26.16% in the most recent quarter. The Hedge Fund company now holds 11,574 shares of DD which is valued at $797,564. E I Du Pont De Nemours And Co makes up approx 0.29% of Ancora Inverness’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in DD in the latest quarter, The investment management firm added 54,398 additional shares and now holds a total of 64,186 shares of E I Du Pont De Nemours And Co which is valued at $4,436,536. E I Du Pont De Nemours And Co makes up approx 0.11% of Candriam Luxembourg S.c.a.’s portfolio.Tiaa Cref Trust Co Fsbmo boosted its stake in DD in the latest quarter, The investment management firm added 481 additional shares and now holds a total of 39,499 shares of E I Du Pont De Nemours And Co which is valued at $2,702,917. E I Du Pont De Nemours And Co makes up approx 0.02% of Tiaa Cref Trust Co Fsbmo’s portfolio.Capital Investment Advisors reduced its stake in DD by selling 908 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 44,871 shares of DD which is valued at $3,070,523. E I Du Pont De Nemours And Co makes up approx 0.28% of Capital Investment Advisors’s portfolio.

E I Du Pont De Nemours And Co opened for trading at $69.12 and hit $69.595 on the upside on Monday, eventually ending the session at $69.3, with a gain of 0.12% or 0.08 points. The heightened volatility saw the trading volume jump to 17,92,174 shares. Company has a market cap of $60,591 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.

Investors should note that on Jul 28, 2016, E I Du Pont De Nemours And Co announced a cash dividend of $0.3800. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 12, 2016.

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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