Wagner Bowman Management Corp cut its stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 3,845 shares of the basic materials company’s stock after selling 200 shares during the period. Wagner Bowman Management Corp’s holdings in E.I. du Pont de Nemours and were worth $310,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of 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 buying an additional 52,746,611 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $1,448,235,000 after buying an additional 4,825,726 shares in the last quarter. FMR LLC raised its stake in shares of E.I. du Pont de Nemours and by 5.9% in the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock valued at $2,600,423,000 after buying an additional 1,813,187 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of E.I. du Pont de Nemours and by 2.9% in the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock valued at $4,866,447,000 after buying an additional 1,685,604 shares in the last quarter. Finally, Pentwater Capital Management LP purchased a new stake in shares of E.I. du Pont de Nemours and during the first quarter valued at $128,528,000. 71.18% of the stock is owned by hedge funds and other institutional investors.

Shares of E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.253% during trading on Tuesday, reaching $81.355. The company had a trading volume of 753,569 shares. E.I. du Pont de Nemours and Company has a 12-month low of $66.02 and a 12-month high of $86.36. The company has a market cap of $70.60 billion, a P/E ratio of 31.779 and a beta of 1.76. The firm has a 50-day moving average of $82.69 and a 200-day moving average of $80.29.

E.I. du Pont de Nemours and (NYSE:DD) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $7.42 billion during 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 company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. On average, equities research analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current year.

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

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DD has been the subject of several research analyst reports. Zacks Investment Research raised E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Wednesday, April 19th. Deutsche Bank AG reissued 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 report on Saturday, April 29th. Royal Bank Of Canada reissued 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 report on Wednesday, April 26th. Finally, BidaskClub lowered E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $81.15.

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

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