Mercer Capital Advisers Inc. Purchases New Stake in Corteva (NASDAQ:CTVA)

Mercer Capital Advisers Inc. purchased a new stake in shares of Corteva (NASDAQ:CTVA) in the second quarter, Holdings Channel reports. The firm purchased 17,521 shares of the company’s stock, valued at approximately $518,000.

A number of other large investors have also recently bought and sold shares of CTVA. Manchester Financial Inc. bought a new stake in Corteva during the 2nd quarter valued at $30,000. Central Bank & Trust Co. bought a new stake in Corteva during the 2nd quarter valued at $31,000. Atwood & Palmer Inc. bought a new stake in Corteva during the 2nd quarter valued at $33,000. Truewealth LLC bought a new stake in Corteva during the 2nd quarter valued at $36,000. Finally, Baldwin Brothers Inc. MA bought a new stake in Corteva during the 2nd quarter valued at $37,000.

A number of research firms recently commented on CTVA. UBS Group assumed 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. 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 objective for the company. Macquarie assumed coverage on shares of Corteva in a report on Tuesday, June 4th. They issued an “outperform” rating for the company. Nomura assumed coverage on shares of Corteva in a report on Monday, June 10th. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Corteva in a report on Wednesday, June 5th. They issued a “market perform” rating and a $31.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.00.

Shares of NASDAQ CTVA opened at $31.46 on Friday. Corteva has a 12 month low of $24.35 and a 12 month high of $32.78. The stock has a fifty day moving average of $27.99.

Corteva (NASDAQ:CTVA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.43. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.47 billion. The business’s revenue was down 3.1% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, July 31st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, July 30th.

In other Corteva news, Director Gregory R. Page bought 2,000 shares of Corteva stock in a transaction dated Monday, June 3rd. The shares were purchased at an average cost of $25.49 per share, with a total value of $50,980.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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Institutional Ownership by Quarter for Corteva (NASDAQ:CTVA)

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