State Farm Mutual Automobile Insurance Company Has Trimmed Its Stake in Du Pont E I De Nemours & Co (DD) by $2.64 Million as Share Value Rose; General Electric Company (GE) Holder Sound Shore Management Has Decreased Position by $4.00 Million



August 4, 2017 – By Stephen Andrade

State Farm Mutual Automobile Insurance Company decreased its stake in Du Pont E I De Nemours & Co (DD) by 0.52% based on its latest 2016Q4 regulatory filing with the SEC. State Farm Mutual Automobile Insurance Company sold 36,230 shares as the company’s stock rose 0.43% with the market. The institutional investor held 6.95M shares of the major chemicals company at the end of 2016Q4, valued at $510.25 million, down from 6.99M at the end of the previous reported quarter. State Farm Mutual Automobile Insurance Company who had been investing in Du Pont E I De Nemours & Co for a number of months, seems to be less bullish one the $71.06B market cap company. The stock rose 0.68% or $0.55 reaching $81.88. About 1.16M shares traded. E I Du Pont De Nemours And Co (NYSE:DD) has risen 20.82% since August 4, 2016 and is uptrending. It has outperformed by 4.12% the S&P500.

Sound Shore Management Inc decreased its stake in General Electric Company (GE) by 2.1% based on its latest 2016Q4 regulatory filing with the SEC. Sound Shore Management Inc sold 128,980 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 6.01 million shares of the consumer electronics and appliances company at the end of 2016Q4, valued at $190.00M, down from 6.14M at the end of the previous reported quarter. Sound Shore Management Inc who had been investing in General Electric Company for a number of months, seems to be less bullish one the $223.29 billion market cap company. The stock rose 0.12% or $0.03 reaching $25.79. About 13.08M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since August 4, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 23 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 9 Hold. Therefore 48% are positive. General Electric Company had 56 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, October 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of General Electric Company (NYSE:GE) earned “Equal-Weight” rating by Morgan Stanley on Thursday, October 6. The firm has “Hold” rating given on Monday, June 12 by Cowen & Co. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Wednesday, October 14 by Stifel Nicolaus. The rating was maintained by S&P Research with “Buy” on Tuesday, October 20. Credit Suisse maintained the stock with “Outperform” rating in Monday, November 23 report. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, January 25. Credit Suisse maintained the stock with “Buy” rating in Wednesday, April 12 report. As per Tuesday, September 22, the company rating was downgraded by Vetr. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Monday, July 24 by Oppenheimer.

More notable recent General Electric Company (NYSE:GE) news were published by: Bostonglobe.com which released: “Immelt wraps up 16 years as General Electric’s CEO” on July 31, 2017, also Seekingalpha.com with their article: “General Electric Breaking Up? Don’t Drink The Kool-Aid” published on August 02, 2017, Seekingalpha.com published: “General Electric Q2 Earnings: Well Deserved Drop” on July 24, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric: Immelt’s Surprise Farewell Gift To Investors” published on August 01, 2017 as well as Fool.com‘s news article titled: “General Electric Company’s Earnings Failed on 3 Counts. Here’s Why.” with publication date: July 26, 2017.

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.07, from 0.89 in 2016Q3. It dropped, as 68 investors sold GE shares while 818 reduced holdings. 116 funds opened positions while 609 raised stakes. 4.64 billion shares or 0.15% more from 4.63 billion shares in 2016Q3 were reported. Dimensional Fund Advsr Lp has invested 0.32% in General Electric Company (NYSE:GE). Modera Wealth Limited Liability stated it has 44,332 shares. Riverhead Mngmt Ltd Liability accumulated 51,142 shares. Cim Invest Mangement has 81,635 shares for 0.94% of their portfolio. First Allied Advisory Serv stated it has 0.61% in General Electric Company (NYSE:GE). 212,492 are owned by Community Bankshares Of Raymore. 188,053 were reported by Armstrong Henry H Assoc Incorporated. Bonness Enterp Inc, a -based fund reported 164,478 shares. Mitsubishi Ufj And Banking Corporation, Japan-based fund reported 18.57 million shares. Rosenbaum Jay D has 1.8% invested in General Electric Company (NYSE:GE). 57,204 were accumulated by Inspirion Wealth Advisors Llc. Forbes J M And Llp reported 2.9% stake. First Houston Capital holds 1.22% or 40,020 shares in its portfolio. The -based Folger Nolan Fleming Douglas Cap Mngmt has invested 2.47% in General Electric Company (NYSE:GE). Horan Cap Advsrs Limited Liability Com holds 9,987 shares or 0.24% of its portfolio.

Since May 15, 2017, it had 3 buys, and 0 sales for $3.37 million activity. The insider Beattie William G bought $110,800.

Sound Shore Management Inc, which manages about $6.15 billion and $5.81B US Long portfolio, upped its stake in Hewlett Packard Enterprise by 662,487 shares to 7.76M shares, valued at $179.55 million in 2016Q4, according to the filing. It also increased its holding in Marsh & Mclennan Companies Inc. (NYSE:MMC) by 394,577 shares in the quarter, for a total of 2.09M shares, and has risen its stake in Liberty Global Plc (NASDAQ:LBTYK).

Among 18 analysts covering Du Pont (NYSE:DD), 8 have Buy rating, 3 Sell and 7 Hold. Therefore 44% are positive. Du Pont had 49 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of E I Du Pont De Nemours And Co (NYSE:DD) earned “Buy” rating by Argus Research on Monday, November 2. The firm has “Buy” rating by Deutsche Bank given on Tuesday, October 6. The stock has “Neutral” rating by JP Morgan on Tuesday, June 28. CLSA downgraded E I Du Pont De Nemours And Co (NYSE:DD) on Wednesday, April 27 to “Underperform” rating. The rating was downgraded by S&P Research on Wednesday, October 28 to “Sell”. The rating was maintained by Deutsche Bank with “Buy” on Thursday, December 10. The firm has “Underperform” rating by Bank of America given on Tuesday, September 8. The rating was maintained by Citigroup with “Neutral” on Monday, April 18. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, May 30 report. Bernstein initiated E I Du Pont De Nemours And Co (NYSE:DD) rating on Friday, September 11. Bernstein has “Mkt Perform” rating and $56 target.

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.03, from 0.8 in 2016Q3. It turned negative, as 55 investors sold DD shares while 447 reduced holdings. 95 funds opened positions while 291 raised stakes. 604.94 million shares or 1.06% more from 598.58 million shares in 2016Q3 were reported. Bartlett & Lc has 5,195 shares for 0.02% of their portfolio. Victory Capital Management, Ohio-based fund reported 16,351 shares. Choate Advisors owns 5,087 shares for 0% of their portfolio. Notis invested in 0.72% or 14,297 shares. Taurus Asset Mgmt reported 2,764 shares. Point72 Asset Management Limited Partnership holds 21,800 shares. 15,847 are held by Concert Wealth Mngmt. Mengis Management owns 19,475 shares for 1.14% of their portfolio. Macquarie Grp Limited invested in 10.50M shares or 1.47% of the stock. Commonwealth Equity Svcs Inc has invested 0.13% of its portfolio in E I Du Pont De Nemours And Co (NYSE:DD). 12,264 were reported by Fdx Advsrs Incorporated. Estabrook Cap Mngmt reported 194,924 shares. Grassi Invest holds 21,920 shares. Hightower Advisors Ltd Co stated it has 0.22% of its portfolio in E I Du Pont De Nemours And Co (NYSE:DD). Epoch Investment Prtnrs has invested 0.75% of its portfolio in E I Du Pont De Nemours And Co (NYSE:DD).

Since March 28, 2017, it had 0 insider purchases, and 2 selling transactions for $8.04 million activity. On Monday, May 1 the insider Collins James C. Jr. sold $4.36M.

State Farm Mutual Automobile Insurance Company, which manages about $70.21B US Long portfolio, upped its stake in Us Bancorp Del (NYSE:USB) by 357,835 shares to 9.18 million shares, valued at $471.78M in 2016Q4, according to the filing. It also increased its holding in Abbott Labs (NYSE:ABT) by 496,045 shares in the quarter, for a total of 15.92M shares, and has risen its stake in Colgate Palmolive Co (NYSE:CL).

More notable recent E I Du Pont De Nemours And Co (NYSE:DD) news were published by: Seekingalpha.com which released: “DowDuPont At Last Within Sight” on July 28, 2017, also Seekingalpha.com with their article: “EI du Pont de Nemours & Co. (DD) Q2 2017 Results – Earnings Call Transcript” published on July 25, 2017, Investorplace.com published: “Trade of the Day: EI Du Pont De Nemours (DD)” on July 21, 2017. More interesting news about E I Du Pont De Nemours And Co (NYSE:DD) were released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: EI Du Pont De Nemours And Co, Home Depot …” published on August 04, 2017 as well as Nasdaq.com‘s news article titled: “EI DuPont De Nemours & Co. Earnings Climb 11% In Q2” with publication date: July 25, 2017.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

seventeen + seventeen =