Ruffer LLP bought a new stake in Corteva (NASDAQ:CTVA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 255,896 shares of the company’s stock, valued at approximately $7,563,000.
A number of other institutional investors have also added to or reduced their stakes in CTVA. Neville Rodie & Shaw Inc. acquired a new stake in shares of Corteva in the 2nd quarter worth $1,659,000. Park National Corp OH acquired a new stake in shares of Corteva in the 2nd quarter worth $1,981,000. Private Asset Management Inc. acquired a new stake in shares of Corteva in the 2nd quarter worth $654,000. Fulton Bank N.A. acquired a new stake in shares of Corteva in the 2nd quarter worth $208,000. Finally, Summit Financial Group Inc. acquired a new stake in shares of Corteva in the 2nd quarter worth $422,000.
In other news, Director Gregory R. Page bought 2,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was bought at an average cost of $25.49 per share, for a total transaction of $50,980.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NASDAQ:CTVA traded up $0.08 during midday trading on Thursday, reaching $30.66. 58,897 shares of the company’s stock were exchanged, compared to its average volume of 6,607,846. The stock has a 50 day moving average price of $29.04. Corteva has a fifty-two week low of $24.35 and a fifty-two week high of $32.78.
Corteva (NASDAQ:CTVA) last issued 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 business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.47 billion. Corteva’s revenue for the quarter was down 3.1% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors 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 yield of 1.70%. The ex-dividend date is Tuesday, July 30th.
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