Pinnacle Wealth Management Advisory Group LLC Has $1.40 Million Holdings in E I Du Pont De Nemours And Co (NYSE:DD)

Pinnacle Wealth Management Advisory Group LLC reduced its stake in E I Du Pont De Nemours And Co (NYSE:DD) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,399 shares of the basic materials company’s stock after selling 202 shares during the quarter. E I Du Pont De Nemours And comprises 1.0% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 27th largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in E I Du Pont De Nemours And were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. King Luther Capital Management Corp increased its stake in E I Du Pont De Nemours And by 3.1% in the first quarter. King Luther Capital Management Corp now owns 1,528,977 shares of the basic materials company’s stock valued at $122,823,000 after acquiring an additional 46,277 shares during the last quarter. BlackRock Inc. increased its stake in E I Du Pont De Nemours And by 2,719.5% in the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock valued at $4,392,942,000 after acquiring an additional 52,746,611 shares during the last quarter. Renaissance Technologies LLC bought a new position in E I Du Pont De Nemours And in the first quarter valued at approximately $36,060,000. Saybrook Capital NC increased its stake in E I Du Pont De Nemours And by 7.6% in the first quarter. Saybrook Capital NC now owns 12,820 shares of the basic materials company’s stock valued at $1,030,000 after acquiring an additional 900 shares during the last quarter. Finally, Aureus Asset Management LLC bought a new position in E I Du Pont De Nemours And in the first quarter valued at approximately $398,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of E I Du Pont De Nemours And Co (DD) opened at 83.93 on Friday. The stock’s 50 day moving average is $82.87 and its 200 day moving average is $80.79. E I Du Pont De Nemours And Co has a 52-week low of $66.02 and a 52-week high of $86.36. The company 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 (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. The company had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.28 billion. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. E I Du Pont De Nemours And’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. Equities analysts expect that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.

The firm also recently declared 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 is Thursday, July 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. E I Du Pont De Nemours And’s payout ratio is 59.38%.

A number of brokerages recently issued reports on DD. BidaskClub cut shares of E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Tuesday, June 27th. Jefferies Group LLC restated 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 restated 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. E I Du Pont De Nemours And has an average rating of “Buy” and an average price target of $80.89.

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In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

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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