Corteva, Inc. (NYSE:CTVA) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. reduced its stake in shares of Corteva, Inc. (NYSE:CTVA) by 83.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,538 shares of the company’s stock after selling 7,563 shares during the quarter. Cambridge Trust Co.’s holdings in Corteva were worth $74,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in Corteva by 110,628.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,904,934 shares of the company’s stock valued at $464,652,000 after purchasing an additional 7,897,795 shares in the last quarter. Norges Bank acquired a new stake in shares of Corteva during the fourth quarter valued at about $328,936,000. Harris Associates L P purchased a new position in Corteva in the third quarter valued at about $246,423,000. Van ECK Associates Corp raised its holdings in Corteva by 78.7% in the third quarter. Van ECK Associates Corp now owns 7,645,091 shares of the company’s stock valued at $391,123,000 after acquiring an additional 3,366,106 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Corteva by 283.5% during the 2nd quarter. Wells Fargo & Company MN now owns 4,482,718 shares of the company’s stock valued at $256,860,000 after acquiring an additional 3,313,768 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CTVA shares. Mizuho reduced their price objective on Corteva from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Royal Bank of Canada increased their price objective on shares of Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. KeyCorp upped their target price on shares of Corteva from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. TheStreet upgraded Corteva from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Finally, Barclays lifted their target price on Corteva from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Corteva currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.29.

Corteva Trading Up 1.6 %

Shares of NYSE CTVA opened at $54.80 on Friday. The business has a fifty day simple moving average of $55.23 and a 200-day simple moving average of $50.30. The company has a market cap of $38.30 billion, a price-to-earnings ratio of 53.73, a P/E/G ratio of 1.41 and a beta of 0.77. Corteva, Inc. has a 12 month low of $43.22 and a 12 month high of $62.10. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.09. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same quarter in the previous year, the company posted $0.16 earnings per share. Sell-side analysts predict that Corteva, Inc. will post 2.84 EPS for the current year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, February 29th. Corteva’s dividend payout ratio (DPR) is 62.75%.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.