Sequoia Financial Advisors LLC Acquires Shares of 12,794 Corteva (NASDAQ:CTVA)

Sequoia Financial Advisors LLC acquired a new stake in Corteva (NASDAQ:CTVA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,794 shares of the company’s stock, valued at approximately $378,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTVA. Litman Gregory Asset Management LLC acquired a new stake in shares of Corteva during the second quarter worth about $26,000. Manchester Financial Inc. acquired a new stake in shares of Corteva during the second quarter worth about $30,000. Central Bank & Trust Co. acquired a new stake in shares of Corteva during the second quarter worth about $31,000. Atwood & Palmer Inc. acquired a new stake in shares of Corteva during the second quarter worth about $33,000. Finally, Trustcore Financial Services LLC acquired a new stake in shares of Corteva during the second quarter worth about $35,000.

In related news, Director Gregory R. Page bought 2,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was bought at an average cost of $25.49 per share, with a total value of $50,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.



Corteva stock traded down $0.30 during mid-day trading on Wednesday, reaching $29.30. The company had a trading volume of 21,098 shares, compared to its average volume of 6,919,197. Corteva has a 1 year low of $24.35 and a 1 year high of $32.78. The business’s 50-day simple moving average is $28.93.

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 company had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.47 billion. The firm’s revenue was down 3.1% compared to the same quarter last year.

The business also recently announced 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. The ex-dividend date is Tuesday, July 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.77%.

Several brokerages have recently weighed in on CTVA. Loop Capital began coverage on shares of Corteva in a research note on Monday, July 1st. They set a “hold” rating and a $31.00 target price for the company. Argus began coverage on shares of Corteva in a research note on Thursday, June 20th. They set a “hold” rating for the company. Morgan Stanley began coverage on shares of Corteva in a research note on Monday, June 3rd. They set an “equal weight” rating and a $32.00 target price for the company. UBS Group began coverage on shares of Corteva in a report on Tuesday, June 4th. They set a “buy” rating and a $38.00 price target for the company. Finally, Sanford C. Bernstein began coverage on shares of Corteva in a report on Wednesday, June 5th. They set a “market perform” rating and a $31.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Corteva has an average rating of “Hold” and a consensus price target of $31.86.

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Institutional Ownership by Quarter for Corteva (NASDAQ:CTVA)

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