Procurement News Notice |
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| PNN | 1607 |
| Work Detail | Dupont Capital Management Corp decreased its stake in Eastman Chemical Co (NYSE:EMN) by 46.42% based on its latest 2016Q2 regulatory filing with the SEC. Dupont Capital Management Corp sold 59,961 shares as the company’s stock rose 8.40% with the market. The institutional investor held 69,200 shares of the major chemicals company at the end of 2016Q2, valued at $5.00M, down from 129,161 at the end of the previous reported quarter. Dupont Capital Management Corp who had been investing in Eastman Chemical Co for a number of months, seems to be less bullish one the $9.98B market cap company. The stock increased 1.20% or $0.81 on August 29, hitting $68.06. About 704,077 shares traded hands. Eastman Chemical Company (NYSE:EMN) has risen 10.68% since January 25, 2016 and is uptrending. It has underperformed by 4.87% the S&P500. Dupont Capital Management Corp, which manages about $36.48 billion and $4.39B US Long portfolio, upped its stake in Mcdonald S Corp (NYSE:MCD) by 33,126 shares to 156,586 shares, valued at $19.68 million in 2016Q2, according to the filing. It also increased its holding in Avalonbay Communities Inc (NYSE:AVB) by 61,460 shares in the quarter, for a total of 69,021 shares, and has risen its stake in Ingram Micro Inc Cl A (NYSE:IM). Dupont Capital Management Corp is a Delaware-based institutional investor with more than $36.48 billion AUM in July, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Dupont Capital Management latest Adv, the fund reported to have 137 full and part-time employees. Among which 137 performing investment advisory and research functions. The institutional investor had between 26-100 clients. The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.25, from 0.99 in 2016Q1. The ratio increased, as 42 funds sold all EMN shares owned while 163 reduced positions. 52 funds bought stakes while 203 increased positions. They now own 123.13 million shares or 2.38% less from 126.13 million shares in 2016Q1. Quest Investment Management Inc Or holds 1.82% of its portfolio in EMN for 196,309 shares. Garrison Financial Corp owns 38,941 shares or 1.77% of their US portfolio. Moreover, Omega Advisors Inc. has 1.53% invested in the company for 797,098 shares. The New York-based Sir Capital Management L.P. has invested 1.51% in the stock. Butensky & Cohen Financial Security Inc, a Florida-based fund reported 21,407 shares. Out of 12 analysts covering Eastman Chemical (NYSE:EMN), 9 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 75% are positive. Eastman Chemical has been the topic of 20 analyst reports since September 3, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock on August 23 with “Outperform” rating. Eastman Chemical Company is a specialty chemicals firm that produces a range of advanced materials, chemicals and fibers. The company has a market cap of $9.98 billion. The Firm operates through five divisions: Additives & Functional Products (AFP), Adhesives & Plasticizers (A&P), Advanced Materials (AM), Fibers, and Specialty Fluids & Intermediates (SFI). It has a 11.47 P/E ratio. In the AFP segment, the Company makes chemicals for products in the coatings, tires, consumables, animal nutrition, crop protection and energy markets. The information provided on this website is for individual use only and should be considered strictly informational in nature. The article is not advice, and should not be treated as such. We are in no way responsible for any investment loss or damages. All content in our articles is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed in our articles. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. We make no recommendation that the securities of the companies profiled or discussed in on our website should be purchased, sold or held by investors. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 02 Sep 2016 |
| Source | http://www.consumereagle.com/dupont-capital-management-corp-decreased-stake-in-eastman-chemical-co-nyseemn-by-4-32-million-as-shares-rose/181351/ |
