Waldron Private Wealth LLC Cuts Stock Holdings in Corteva, Inc. (NYSE:CTVA)

Waldron Private Wealth LLC lessened its holdings in Corteva, Inc. (NYSE:CTVA) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,292 shares of the company’s stock after selling 280 shares during the quarter. Waldron Private Wealth LLC’s holdings in Corteva were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC purchased a new position in Corteva in the second quarter valued at about $28,000. CVA Family Office LLC purchased a new position in Corteva in the 4th quarter valued at approximately $25,000. PCA Investment Advisory Services Inc. acquired a new position in Corteva during the second quarter worth $31,000. NewSquare Capital LLC boosted its position in Corteva by 70.6% during the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc boosted its position in Corteva by 234.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CTVA shares. Mizuho cut their price target on Corteva from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. TheStreet upgraded shares of Corteva from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Wolfe Research began coverage on shares of Corteva in a report on Friday, March 1st. They issued an “outperform” rating and a $67.00 price target on the stock. Barclays raised their price objective on shares of Corteva from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price objective on Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Corteva has a consensus rating of “Moderate Buy” and an average target price of $63.29.

Corteva Price Performance

CTVA opened at $53.32 on Wednesday. Corteva, Inc. has a 1 year low of $43.22 and a 1 year high of $63.06. The company’s 50 day simple moving average is $55.20 and its 200 day simple moving average is $50.22. The stock has a market capitalization of $37.26 billion, a PE ratio of 52.28, a P/E/G ratio of 1.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 1.56.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, sell-side analysts expect that Corteva, Inc. will post 2.86 EPS for the current year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, February 29th. Corteva’s dividend payout ratio (DPR) is presently 62.75%.

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.