Private Wealth Partners LLC Purchases Shares of 20,477 Corteva (NASDAQ:CTVA)
Private Wealth Partners LLC purchased a new stake in Corteva (NASDAQ:CTVA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,477 shares of the company’s stock, valued at approximately $606,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Litman Gregory Asset Management LLC purchased a new stake in Corteva in the 2nd quarter valued at about $26,000. Executive Wealth Management LLC purchased a new stake in Corteva in the 2nd quarter valued at about $27,000. Manchester Financial Inc. purchased a new stake in Corteva in the 2nd quarter valued at about $30,000. Central Bank & Trust Co. purchased a new stake in Corteva in the 2nd quarter valued at about $31,000. Finally, Atwood & Palmer Inc. purchased a new stake in Corteva in the 2nd quarter valued at about $33,000.
CTVA has been the subject of several recent analyst reports. Royal Bank of Canada upgraded Corteva from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $29.00 to $38.00 in a report on Friday, August 9th. Jefferies Financial Group initiated coverage on Corteva in a report on Wednesday, May 29th. They issued a “buy” rating for the company. Deutsche Bank boosted their target price on Corteva from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Nomura initiated coverage on Corteva in a report on Monday, June 10th. They set a “neutral” rating and a $28.00 target price for the company. Finally, Argus initiated coverage on Corteva in a report on Thursday, June 20th. They set a “hold” rating 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.25.
Shares of NASDAQ:CTVA traded up $0.12 during 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 company has a 50-day moving average price of $29.04.
Corteva (NASDAQ:CTVA) last issued its earnings results on Thursday, August 1st. The company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.43. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.47 billion. The company’s quarterly revenue was down 3.1% on a year-over-year basis.
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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, July 30th.
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