Ledyard National Bank Invests $213,000 in Corteva (NASDAQ:CTVA)

Ledyard National Bank acquired a new position in shares of Corteva (NASDAQ:CTVA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,202 shares of the company’s stock, valued at approximately $213,000.

Several other large investors also recently bought and sold shares of the company. Osborn Williams & Donohoe LLC acquired a new stake in shares of Corteva during the second quarter worth $304,000. Community Bank N.A. acquired a new stake in shares of Corteva during the second quarter worth $860,000. Regal Investment Advisors LLC acquired a new stake in shares of Corteva during the second quarter worth $701,000. Tufton Capital Management acquired a new stake in shares of Corteva during the second quarter worth $1,554,000. Finally, Delta Asset Management LLC TN acquired a new stake in shares of Corteva during the second quarter worth $623,000.

In other news, Director Gregory R. Page acquired 2,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was bought at an average price of $25.49 per share, with a total value of $50,980.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Corteva stock traded down $0.23 during trading on Friday, hitting $31.38. 25,653 shares of the company’s stock were exchanged, compared to its average volume of 6,960,985. The firm’s 50-day simple moving average is $28.57. Corteva has a 52-week low of $24.35 and a 52-week high of $32.78.

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 Thomson Reuters’ consensus estimate of $0.99 by $0.43. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Corteva’s revenue was down 3.1% compared to the same quarter last year.

The company also recently disclosed 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 of this dividend is Tuesday, July 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.66%.

Several equities research analysts have recently commented on CTVA shares. Citigroup started coverage on shares of Corteva in a research note on Monday, June 3rd. They set a “neutral” rating and a $29.00 price objective for the company. Goldman Sachs Group started coverage on shares of Corteva in a report on Monday, June 3rd. They set a “neutral” rating and a $29.00 target price for the company. Argus started coverage on shares of Corteva in a report on Thursday, June 20th. They set a “hold” rating for the company. Royal Bank of Canada raised shares of Corteva from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $29.00 to $38.00 in a report on Friday. Finally, Loop Capital started coverage on shares of Corteva in a report on Monday, July 1st. They set a “hold” rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.86.

Recommended Story: What are the benefits of a portfolio tracker?

Want to see what other hedge funds are holding CTVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corteva (NASDAQ:CTVA).

Institutional Ownership by Quarter for Corteva (NASDAQ:CTVA)

Receive News & Ratings for Corteva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corteva and related companies with MarketBeat.com's FREE daily email newsletter.