Zions Bancorporation N.A. Takes Position in Corteva (NASDAQ:CTVA)
Zions Bancorporation N.A. bought a new stake in Corteva (NASDAQ:CTVA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,128 shares of the company’s stock, valued at approximately $92,000.
Other large investors have also made changes to their positions in the company. Investors Research Corp acquired a new stake in shares of Corteva in the second quarter valued at $73,000. Supplemental Annuity Collective Trust of NJ acquired a new stake in shares of Corteva in the second quarter valued at $207,000. Fulton Bank N.A. acquired a new stake in shares of Corteva in the second quarter valued at $208,000. Macnealy Hoover Investment Management Inc. acquired a new stake in shares of Corteva in the second quarter valued at $227,000. Finally, Davis Rea LTD. acquired a new stake in shares of Corteva in the second quarter valued at $392,000.
In related news, Director Gregory R. Page bought 2,000 shares of Corteva stock in a transaction on Monday, June 3rd. The shares were purchased at an average price of $25.49 per share, for a total transaction of $50,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, July 30th.
A number of analysts have recently weighed in on the company. Argus began coverage on Corteva in a research note on Thursday, June 20th. They issued a “hold” rating for the company. Monness Crespi & Hardt began coverage on Corteva in a research report on Wednesday, July 17th. They issued a “sell” rating and a $24.00 price objective for the company. Goldman Sachs Group reiterated a “buy” rating on shares of WPP in a research report on Monday, June 3rd. Macquarie began coverage on Corteva in a research report on Tuesday, June 4th. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group began coverage on in a research report on Wednesday, May 29th. They issued a “buy” rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.79.
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