Sheaff Brock Investment Advisors LLC Purchases Shares of 28,128 Corteva (NASDAQ:CTVA)
Sheaff Brock Investment Advisors LLC purchased a new stake in Corteva (NASDAQ:CTVA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,128 shares of the company’s stock, valued at approximately $832,000.
A number of other large investors have also recently made changes to their positions in CTVA. Dupont Capital Management Corp bought a new position in Corteva in the 2nd quarter valued at $125,975,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Corteva in the 2nd quarter valued at $101,166,000. Factory Mutual Insurance Co. bought a new position in Corteva in the 2nd quarter valued at $31,186,000. New York State Teachers Retirement System bought a new position in Corteva in the 2nd quarter valued at $30,510,000. Finally, Cambiar Investors LLC bought a new position in Corteva in the 2nd quarter valued at $28,874,000.
Several research analysts have commented on the stock. Monness Crespi & Hardt assumed coverage on shares of Corteva in a report on Wednesday, July 17th. They issued a “sell” rating and a $24.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Corteva in a report on Friday, June 21st. They issued an “overweight” rating and a $30.00 price target for the company. Deutsche Bank raised their price target on shares of Corteva from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Nomura started coverage on shares of Corteva in a report on Monday, June 10th. They set a “neutral” rating and a $28.00 price objective for the company. Finally, BMO Capital Markets started coverage on shares of Corteva in a report on Sunday, June 2nd. They set an “outperform” rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Corteva currently has a consensus rating of “Hold” and an average target price of $31.86.
Shares of NASDAQ CTVA traded down $0.55 during mid-day trading on Wednesday, reaching $29.04. 1,203,977 shares of the company were exchanged, compared to its average volume of 6,919,197. Corteva has a 52 week low of $24.35 and a 52 week high of $32.78. The stock has a 50 day moving average of $28.93.
Corteva (NASDAQ:CTVA) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.43. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.47 billion. The firm’s quarterly revenue was down 3.1% on a year-over-year basis.
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 1.79%. The ex-dividend date is Tuesday, July 30th.
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