Warren Averett Asset Management LLC Has $951,000 Stake in E I Du Pont De Nemours And Co (DD)

Warren Averett Asset Management LLC grew its stake in E I Du Pont De Nemours And Co (NYSE:DD) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,780 shares of the basic materials company’s stock after buying an additional 29 shares during the quarter. Warren Averett Asset Management LLC’s holdings in E I Du Pont De Nemours And were worth $951,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DD. Financial Architects Inc increased its stake in shares of E I Du Pont De Nemours And by 18.2% in the 1st quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 199 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of E I Du Pont De Nemours And in the 1st quarter valued at about $104,000. Reilly Financial Advisors LLC increased its stake in shares of E I Du Pont De Nemours And by 61.1% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 500 shares in the last quarter. Invictus RG purchased a new position in shares of E I Du Pont De Nemours And in the 1st quarter valued at about $116,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of E I Du Pont De Nemours And in the 1st quarter valued at about $125,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Shares of E I Du Pont De Nemours And Co (DD) opened at 83.93 on Wednesday. The stock has a market capitalization of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. The firm’s 50-day moving average price is $82.87 and its 200 day moving average price is $80.79. E I Du Pont De Nemours And Co has a 1-year low of $66.02 and a 1-year high of $86.36.

E I Du Pont De Nemours And (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) 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 company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period last year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that E I Du Pont De Nemours And Co will post $3.86 earnings per share for the current fiscal year.

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

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

In other 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 transaction of $867,417.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by company insiders.

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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.

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

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