E I Du Pont De Nemours And Co (DD) Shares Sold by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC lowered its holdings in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 5.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,190 shares of the basic materials company’s stock after selling 409 shares during the period. Checchi Capital Advisers LLC’s holdings in E I Du Pont De Nemours And were worth $580,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of DD. Acrospire Investment Management LLC bought a new position in E I Du Pont De Nemours And during the first quarter worth about $104,000. Reilly Financial Advisors LLC grew its holdings in E I Du Pont De Nemours And by 61.1% during the second quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 500 shares during the period. Invictus RG bought a new position in E I Du Pont De Nemours And during the first quarter worth about $116,000. Benjamin F. Edwards & Company Inc. grew its holdings in E I Du Pont De Nemours And by 6.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 107 shares during the period. Finally, Rockefeller Financial Services Inc. grew its holdings in E I Du Pont De Nemours And by 24.5% during the second quarter. Rockefeller Financial Services Inc. now owns 1,685 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.
Shares of E I Du Pont De Nemours And Co (DD) opened at 83.93 on Wednesday. The stock has a 50 day moving average of $82.87 and a 200-day moving average of $80.79. The firm has a market capitalization of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 52-week low of $66.02 and a 52-week high of $86.36.
E I Du Pont De Nemours And (NYSE:DD) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.09. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. The firm had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the prior year, the firm earned $1.24 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, July 31st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio is currently 59.38%.
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A number of research firms recently commented on DD. BidaskClub cut E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley restated a “buy” rating and set a $77.00 price objective on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $96.00 price objective on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $81.47.
In other news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is owned by corporate insiders.
E I Du Pont De Nemours And Profile
E. I. du Pont de Nemours and Company is a science and technology-based company. It operates through six segments: Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Protection Solutions. Its Agriculture segment includes products, such as corn hybrids and soybean varieties, herbicides, fungicides and insecticides.
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