Abbrea Capital LLC Has $2 Million Position in E.I. du Pont de Nemours and Company (NYSE:DD)

Abbrea Capital LLC increased its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,925 shares of the basic materials company’s stock after buying an additional 835 shares during the period. Abbrea Capital LLC’s holdings in E.I. du Pont de Nemours and were worth $2,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DD. Financial Architects Inc raised its stake in shares of E.I. du Pont de Nemours and by 18.2% in the first quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock worth $103,000 after buying an additional 199 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of E.I. du Pont de Nemours and during the first quarter worth $104,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of E.I. du Pont de Nemours and during the first quarter worth $125,000. Advantage Investment Management LLC acquired a new stake in shares of E.I. du Pont de Nemours and during the fourth quarter worth $123,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of E.I. du Pont de Nemours and by 6.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock worth $135,000 after buying an additional 107 shares during the period. 71.08% of the stock is owned by institutional investors.

E.I. du Pont de Nemours and Company (NYSE:DD) opened at 85.35 on Thursday. The company has a market cap of $74.00 billion, a PE ratio of 31.29 and a beta of 1.76. E.I. du Pont de Nemours and Company has a 12-month low of $66.02 and a 12-month high of $85.35. The stock’s 50 day moving average price is $82.12 and its 200 day moving average price is $79.19.

E.I. du Pont de Nemours and (NYSE:DD) last issued its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.26. The company had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.50 billion. E.I. du Pont de Nemours and had a return on equity of 31.66% and a net margin of 9.63%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Equities research analysts anticipate that E.I. du Pont de Nemours and Company will post $3.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.78%. E.I. du Pont de Nemours and’s dividend payout ratio is currently 55.68%.

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DD has been the subject of a number of research reports. Zacks Investment Research upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Wednesday, April 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $86.00 price objective (up from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Deutsche Bank AG reiterated a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Finally, BidaskClub upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $79.10.

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.

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