Fiduciary Financial Services of The Southwest Inc. TX Buys New Holdings in Corteva (NASDAQ:CTVA)

Fiduciary Financial Services of The Southwest Inc. TX bought a new stake in shares of Corteva (NASDAQ:CTVA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,573 shares of the company’s stock, valued at approximately $579,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Manchester Financial Inc. bought a new stake in Corteva during the 2nd quarter valued at approximately $30,000. Central Bank & Trust Co. purchased a new position in Corteva during the 2nd quarter valued at approximately $31,000. Atwood & Palmer Inc. purchased a new position in Corteva during the 2nd quarter valued at approximately $33,000. Trustcore Financial Services LLC purchased a new position in Corteva during the 2nd quarter valued at approximately $35,000. Finally, Truewealth LLC purchased a new position in Corteva during the 2nd quarter valued at approximately $36,000.

CTVA has been the subject of several research analyst reports. Citigroup initiated coverage on Corteva in a report on Monday, June 3rd. They set a “neutral” rating and a $29.00 price target for the company. Royal Bank of Canada upgraded Corteva from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $29.00 to $38.00 in a report on Friday. BMO Capital Markets initiated coverage on Corteva in a report on Sunday, June 2nd. They set an “outperform” rating and a $37.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Corteva in a report on Friday, June 21st. They set an “overweight” rating and a $30.00 price target for the company. Finally, Sanford C. Bernstein initiated coverage on Corteva in a report on Wednesday, June 5th. They set a “market perform” rating and a $31.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $31.86.

Shares of Corteva stock opened at $31.63 on Friday. The business has a 50 day moving average of $28.67. Corteva has a one year low of $24.35 and a one year high of $32.78.

Corteva (NASDAQ:CTVA) last announced its earnings results on Thursday, August 1st. The company reported $1.42 EPS for the quarter, topping 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 company’s revenue for the quarter was down 3.1% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders 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 dividend yield of 1.64%. The ex-dividend date is Tuesday, July 30th.

In related news, Director Gregory R. Page bought 2,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was purchased at an average price of $25.49 per share, for a total transaction of $50,980.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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Institutional Ownership by Quarter for Corteva (NASDAQ:CTVA)

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