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

E I Du Pont De Nemours And Co (DD) : Highfields Capital Management Lp reduced its stake in E I Du Pont De Nemours And Co by 30.89% during the most recent quarter end. The investment management company now holds a total of 8,721,647 shares of E I Du Pont De Nemours And Co which is valued at $590,106,636 after selling 3,898,609 shares in E I Du Pont De Nemours And Co , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.E I Du Pont De Nemours And Co makes up approximately 5.63% of Highfields Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Fiduciary Trust Co boosted its stake in DD in the latest quarter, The investment management firm added 1,509 additional shares and now holds a total of 74,767 shares of E I Du Pont De Nemours And Co which is valued at $5,058,735. E I Du Pont De Nemours And Co makes up approx 0.17% of Fiduciary Trust Co’s portfolio.Advantus Capital Management Inc boosted its stake in DD in the latest quarter, The investment management firm added 1,007 additional shares and now holds a total of 85,642 shares of E I Du Pont De Nemours And Co which is valued at $5,794,538. E I Du Pont De Nemours And Co makes up approx 0.16% of Advantus Capital Management Inc’s portfolio.Bank Of The West reduced its stake in DD by selling 12,641 shares or 39.14% in the most recent quarter. The Hedge Fund company now holds 19,653 shares of DD which is valued at $1,360,381. E I Du Pont De Nemours And Co makes up approx 0.19% of Bank Of The West’s portfolio.Cibc World Markets reduced its stake in DD by selling 499 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 35,263 shares of DD which is valued at $2,413,047. E I Du Pont De Nemours And Co makes up approx 0.01% of Cibc World Markets’s portfolio.

E I Du Pont De Nemours And Co opened for trading at $69.74 and hit $70.04 on the upside on Thursday, eventually ending the session at $69.73, with a gain of 0.19% or 0.13 points. The heightened volatility saw the trading volume jump to 19,30,545 shares. Company has a market cap of $60,967 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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