Concert Wealth Management Inc. Decreases Position in E.I. du Pont de Nemours and Company (DD)

Concert Wealth Management Inc. lowered its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,150 shares of the basic materials company’s stock after selling 697 shares during the period. Concert Wealth Management Inc.’s holdings in E.I. du Pont de Nemours and were worth $1,109,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in E.I. du Pont de Nemours and by 36.6% in the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock worth $1,448,235,000 after buying an additional 4,825,726 shares during the period. Wells Fargo & Company MN boosted its stake in E.I. du Pont de Nemours and by 8.3% in the first quarter. Wells Fargo & Company MN now owns 6,785,476 shares of the basic materials company’s stock valued at $545,078,000 after buying an additional 519,013 shares during the last quarter. Swiss National Bank boosted its stake in E.I. du Pont de Nemours and by 25.5% in the first quarter. Swiss National Bank now owns 3,207,591 shares of the basic materials company’s stock valued at $257,666,000 after buying an additional 651,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in E.I. du Pont de Nemours and by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,567,113 shares of the basic materials company’s stock valued at $206,216,000 after buying an additional 18,442 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of E.I. du Pont de Nemours and by 3.2% in the first quarter. TD Asset Management Inc. now owns 2,389,329 shares of the basic materials company’s stock worth $191,935,000 after buying an additional 73,079 shares in the last quarter. Institutional investors own 71.18% of the company’s stock.

E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.40% during mid-day trading on Friday, reaching $81.18. 1,952,437 shares of the company’s stock were exchanged. E.I. du Pont de Nemours and Company has a 52-week low of $66.02 and a 52-week high of $86.36. The stock has a market cap of $70.45 billion, a price-to-earnings ratio of 31.71 and a beta of 1.76. The company has a 50-day moving average of $82.75 and a 200-day moving average of $80.37.

E.I. du Pont de Nemours and (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.09. The firm had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.28 billion. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 EPS. Equities research analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio is 59.38%.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/concert-wealth-management-inc-has-1-11-million-stake-in-e-i-du-pont-de-nemours-and-company-dd-updated-updated.html.

A number of brokerages have commented on DD. BidaskClub upgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price objective (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a report on Saturday, April 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $86.00 price objective (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $81.15.

In related 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 value of $867,417.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

About E.I. du Pont de Nemours and

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.

Institutional Ownership by Quarter for E.I. du Pont de Nemours and (NYSE:DD)

What are top analysts saying about E.I. du Pont de Nemours and Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for E.I. du Pont de Nemours and Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit