Private Wealth Partners LLC acquired a new position in Corteva (NASDAQ:CTVA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,477 shares of the company’s stock, valued at approximately $606,000.
Other institutional investors have also made changes to their positions in the company. Litman Gregory Asset Management LLC purchased a new stake in Corteva in the 2nd quarter worth about $26,000. Executive Wealth Management LLC purchased a new stake in Corteva in the 2nd quarter worth about $27,000. Manchester Financial Inc. purchased a new stake in Corteva in the 2nd quarter worth about $30,000. Central Bank & Trust Co. purchased a new stake in Corteva in the 2nd quarter worth about $31,000. Finally, Atwood & Palmer Inc. purchased a new stake in Corteva in the 2nd quarter worth about $33,000.
Shares of CTVA traded up $0.12 during midday trading on Thursday, reaching $30.70. 60,212 shares of the stock were exchanged, compared to its average volume of 6,607,846. Corteva has a 12-month low of $24.35 and a 12-month high of $32.78. The business has a 50 day simple moving average of $29.04.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, July 30th.
Several equities research analysts recently issued reports on the company. Argus started coverage on Corteva in a research note on Thursday, June 20th. They issued a “hold” rating for the company. Nomura started coverage on Corteva in a research note on Monday, June 10th. They set a “neutral” rating and a $28.00 price target for the company. Morgan Stanley started coverage on Corteva in a research note on Monday, June 3rd. They set an “equal weight” rating and a $32.00 price target for the company. Deutsche Bank raised their price target on Corteva from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Goldman Sachs Group started coverage on Corteva in a research note on Monday, June 3rd. They set a “neutral” rating and a $29.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.25.
In related news, Director Gregory R. Page acquired 2,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were acquired at an average price of $25.49 per share, with a total value of $50,980.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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