Janus Henderson Group PLC Takes Position in Corteva (NASDAQ:CTVA)
Janus Henderson Group PLC purchased a new stake in shares of Corteva (NASDAQ:CTVA) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 745,322 shares of the company’s stock, valued at approximately $22,030,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Litman Gregory Asset Management LLC bought a new stake in Corteva in the 2nd quarter worth approximately $26,000. Manchester Financial Inc. bought a new stake in Corteva in the 2nd quarter worth approximately $30,000. Central Bank & Trust Co. bought a new stake in Corteva in the 2nd quarter worth approximately $31,000. Atwood & Palmer Inc. bought a new stake in Corteva in the 2nd quarter worth approximately $33,000. Finally, Trustcore Financial Services LLC bought a new stake in Corteva in the 2nd quarter worth approximately $35,000.
Shares of Corteva stock opened at $30.26 on Wednesday. The stock has a 50 day moving average of $29.00. Corteva has a one year low of $24.35 and a one year high of $32.78.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.72%.
In other Corteva news, Director Gregory R. Page bought 2,000 shares of Corteva stock in a transaction dated Monday, June 3rd. The shares were purchased at an average cost of $25.49 per share, with a total value of $50,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of analysts recently weighed in on CTVA shares. Morgan Stanley started coverage on Corteva in a research report on Monday, June 3rd. They issued an “equal weight” rating and a $32.00 target price for the company. Barclays restated a “hold” rating and issued a $35.00 target price on shares of Corteva in a research report on Sunday, August 4th. Citigroup upgraded Corteva from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $34.50 in a research report on Monday. Royal Bank of Canada upgraded Corteva from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $29.00 to $38.00 in a research report on Friday, August 9th. Finally, Deutsche Bank boosted their target price on Corteva from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $32.25.
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