4,339 Shares in Corteva, Inc. (NYSE:CTVA) Bought by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC purchased a new position in shares of Corteva, Inc. (NYSE:CTVA) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 4,339 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CTVA. Fisher Asset Management LLC increased its position in shares of Corteva by 39.1% in the 4th quarter. Fisher Asset Management LLC now owns 9,380 shares of the company’s stock worth $449,000 after purchasing an additional 2,635 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Corteva in the 1st quarter worth about $1,965,000. Perpetual Ltd bought a new stake in shares of Corteva in the 1st quarter worth about $229,000. Banque Cantonale Vaudoise increased its position in shares of Corteva by 77.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 7,721 shares of the company’s stock worth $445,000 after purchasing an additional 3,366 shares during the last quarter. Finally, Wedmont Private Capital bought a new stake in shares of Corteva in the 1st quarter worth about $239,000. Institutional investors own 81.54% of the company’s stock.

Corteva Trading Up 0.8 %

Corteva stock opened at $59.41 on Friday. The firm has a 50 day simple moving average of $56.36 and a 200-day simple moving average of $55.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market capitalization of $41.41 billion, a PE ratio of 75.20, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. Corteva, Inc. has a 12-month low of $43.22 and a 12-month high of $59.68.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. The business had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Corteva had a net margin of 5.31% and a return on equity of 7.30%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.60 earnings per share. As a group, equities research analysts expect that Corteva, Inc. will post 2.66 EPS for the current fiscal year.

Corteva Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from Corteva’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.14%. Corteva’s dividend payout ratio (DPR) is 86.08%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Bank of America raised shares of Corteva from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $67.00 in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Corteva from $57.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $65.00 price target on shares of Corteva in a report on Tuesday, September 24th. KeyCorp decreased their price target on shares of Corteva from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Argus lowered shares of Corteva from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Corteva currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.21.

Corteva 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.