Oppenheimer & Co. Inc. decreased its position in E.I. du Pont de Nemours and Company (NYSE:DD) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,635 shares of the basic materials company’s stock after selling 42,815 shares during the period. Oppenheimer & Co. Inc.’s holdings in E.I. du Pont de Nemours and were worth $13,064,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. 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 about $104,000. Invictus RG acquired a new stake in shares of E.I. du Pont de Nemours and during the first quarter worth about $116,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of E.I. du Pont de Nemours and during the first quarter worth about $125,000. 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. Institutional investors own 71.23% of the company’s stock.

E.I. du Pont de Nemours and Company (DD) traded down 0.6638% during mid-day trading on Thursday, hitting $80.7901. 475,713 shares of the company were exchanged. 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 firm has a 50 day moving average price of $82.70 and a 200 day moving average price of $80.15. The stock has a market cap of $70.11 billion, a price-to-earnings ratio of 31.5586 and a beta of 1.76.

E.I. du Pont de Nemours and (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. The company had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the previous year, the business earned $1.24 EPS. E.I. du Pont de Nemours and’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be issued 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 1.87%. E.I. du Pont de Nemours and’s dividend payout ratio is presently 59.38%.

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A number of analysts have issued reports on DD shares. BidaskClub upgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. 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 price target on the stock in a research note on Tuesday, June 27th. Deutsche Bank AG reiterated a “buy” rating and set a $95.00 price target (up from $90.00) on shares of E.I. du Pont de Nemours and in a research note on Saturday, April 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $86.00 price target (up from $78.00) on shares of E.I. du Pont de Nemours and in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average 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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