Sequoia Financial Advisors LLC Has $751,000 Stake in Corteva, Inc. (NYSE:CTVA)

Sequoia Financial Advisors LLC increased its position in Corteva, Inc. (NYSE:CTVA – Get Rating) by 21.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,780 shares of the company’s stock after buying an additional 2,275 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Corteva were worth $751,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CTVA. WCM Investment Management LLC lifted its holdings in shares of Corteva by 3,389.9% in the 4th quarter. WCM Investment Management LLC now owns 4,624,868 shares of the company’s stock worth $271,850,000 after purchasing an additional 4,492,347 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Corteva by 244.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,133,182 shares of the company’s stock worth $122,615,000 after purchasing an additional 1,513,063 shares during the period. PGGM Investments bought a new stake in shares of Corteva during the 3rd quarter worth $58,447,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Corteva by 74.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,934,490 shares of the company’s stock worth $110,556,000 after purchasing an additional 828,258 shares during the period. Finally, Saturna Capital CORP raised its stake in shares of Corteva by 264.9% during the 3rd quarter. Saturna Capital CORP now owns 1,110,966 shares of the company’s stock worth $63,492,000 after purchasing an additional 806,517 shares during the period. 79.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CTVA has been the subject of several recent research reports. Vertical Research raised Corteva from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Monday. Wells Fargo & Company decreased their price objective on Corteva from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Corteva from $75.00 to $68.00 in a report on Monday, May 8th. OTR Global lowered Corteva to a “positive” rating in a report on Wednesday, March 8th. Finally, VNET Group reissued an “upgrade” rating on shares of Corteva in a report on Monday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.75.

Corteva Stock Performance

NYSE:CTVA opened at $54.85 on Friday. The firm has a market cap of $38.99 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.23 and a beta of 0.78. Corteva, Inc. has a fifty-two week low of $50.03 and a fifty-two week high of $68.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.89 and a current ratio of 1.39. The business has a 50 day moving average price of $59.09 and a 200-day moving average price of $61.27.

Corteva (NYSE:CTVA – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.23. Corteva had a return on equity of 8.03% and a net margin of 6.64%. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Equities research analysts predict that Corteva, Inc. will post 2.99 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, May 31st. Corteva’s payout ratio is 37.04%.

Corteva Company Profile

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Corteva, Inc engages in the provision of seed and crop protection solutions, which focus on the agriculture industry and contributing to food supply. It operates through the Seed and Crop Protection segments. The Seed segment is involved in developing and supplying advanced germplasm and traits that produce yield for farms.