E I Du Pont De Nemours And Co (DD) Holdings Boosted by First Command Bank

First Command Bank boosted its holdings in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 87.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,088 shares of the basic materials company’s stock after buying an additional 2,845 shares during the quarter. First Command Bank’s holdings in E I Du Pont De Nemours And were worth $492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DD. BlackRock Inc. increased its position in E I Du Pont De Nemours And by 2,719.5% during the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock worth $4,392,942,000 after buying an additional 52,746,611 shares during the last quarter. JPMorgan Chase & Co. increased its position in E I Du Pont De Nemours And by 36.6% during 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 last quarter. FMR LLC increased its position in E I Du Pont De Nemours And by 5.9% during the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock worth $2,600,423,000 after buying an additional 1,813,187 shares during the last quarter. Vanguard Group Inc. increased its position in E I Du Pont De Nemours And by 2.9% during the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock worth $4,866,447,000 after buying an additional 1,685,604 shares during the last quarter. Finally, Pentwater Capital Management LP acquired a new position in E I Du Pont De Nemours And during the first quarter worth approximately $128,528,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on DD. BidaskClub raised E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 target price on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $77.00 target price on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $80.89.

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In related news, SVP Benito Cachinero sold 10,621 shares of E I Du Pont De Nemours And 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. 0.31% of the stock is currently owned by insiders.

Shares of E I Du Pont De Nemours And Co (NYSE:DD) remained flat at $83.93 during midday trading on Friday. 34,861,021 shares of the company traded hands. The stock has a market cap 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 1-year low of $66.02 and a 1-year high of $86.36. The stock has a 50-day moving average price of $82.87 and a 200-day moving average price of $80.79.

E I Du Pont De Nemours And (NYSE:DD) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter last year, the business posted $1.24 EPS. E I Du Pont De Nemours And’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. E I Du Pont De Nemours And’s dividend payout ratio is 59.38%.

E I Du Pont De Nemours And Company 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.

Institutional Ownership by Quarter for E I Du Pont De Nemours And (NYSE:DD)

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