Fiduciary Group LLC acquired a new stake in Corteva (NASDAQ:CTVA) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 19,065 shares of the company’s stock, valued at approximately $564,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of CTVA. Dupont Capital Management Corp bought a new stake in Corteva during the 2nd quarter worth about $125,975,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Corteva during the 2nd quarter worth about $101,166,000. Swiss National Bank bought a new stake in Corteva during the 2nd quarter worth about $72,452,000. Factory Mutual Insurance Co. bought a new stake in Corteva during the 2nd quarter worth about $31,186,000. Finally, New York State Teachers Retirement System bought a new stake in Corteva during the 2nd quarter worth about $30,510,000.
In other news, Director Gregory R. Page bought 2,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were bought at an average cost of $25.49 per share, with a total value of $50,980.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of CTVA stock traded up $0.27 on Monday, reaching $30.51. The stock had a trading volume of 12,604 shares, compared to its average volume of 6,775,557. The stock’s 50-day moving average price is $28.93. Corteva has a 12 month low of $24.35 and a 12 month high of $32.78.
Corteva (NASDAQ:CTVA) last issued its earnings results on Thursday, August 1st. The company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.43. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.47 billion. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, July 31st will be issued a $0.13 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.70%.
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