Nelson Roberts Investment Advisors LLC purchased a new position in Corteva (NASDAQ:CTVA) in the second quarter, Holdings Channel reports. The fund purchased 2,952 shares of the company’s stock, valued at approximately $87,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Manchester Financial Inc. bought a new position in Corteva during the second quarter valued at approximately $30,000. Central Bank & Trust Co. bought a new position in Corteva during the second quarter valued at approximately $31,000. Atwood & Palmer Inc. bought a new position in Corteva during the second quarter valued at approximately $33,000. Truewealth LLC bought a new position in Corteva during the second quarter valued at approximately $36,000. Finally, Baldwin Brothers Inc. MA bought a new position in Corteva during the second quarter valued at approximately $37,000.
In related news, Director Gregory R. Page purchased 2,000 shares of the stock in a transaction on Monday, June 3rd. The shares were bought at an average price of $25.49 per share, for a total transaction of $50,980.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CTVA stock traded down $1.32 during midday trading on Monday, hitting $30.14. 2,718,843 shares of the company traded hands, compared to its average volume of 7,128,649. Corteva has a twelve month low of $24.35 and a twelve month high of $32.78. The firm’s 50 day simple moving average is $27.99.
Corteva (NASDAQ:CTVA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $0.99 by $0.43. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.47 billion. The company’s revenue was down 3.1% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.52 annualized dividend and a yield of 1.73%.
Several equities analysts recently weighed in on CTVA shares. Sanford C. Bernstein started coverage on shares of Corteva in a research report on Wednesday, June 5th. They set a “market perform” rating and a $31.00 price objective on the stock. Deutsche Bank raised their price objective on shares of Corteva from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley started coverage on shares of Corteva in a research report on Monday, June 3rd. They set an “equal weight” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Corteva in a research report on Friday, June 21st. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on shares of Corteva in a research report on Thursday, June 20th. They set a “sector perform” rating and a $29.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.21.
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