Corteva, Inc. (NYSE:CTVA) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its holdings in Corteva, Inc. (NYSE:CTVA) by 180.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the company’s stock after acquiring an additional 22,500 shares during the quarter. Wolverine Asset Management LLC’s holdings in Corteva were worth $1,677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC purchased a new stake in shares of Corteva in the fourth quarter valued at about $25,000. BKM Wealth Management LLC purchased a new position in shares of Corteva in the 4th quarter valued at approximately $27,000. NewSquare Capital LLC increased its holdings in shares of Corteva by 70.6% in the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock valued at $28,000 after purchasing an additional 226 shares during the period. Glass Jacobson Investment Advisors llc lifted its holdings in shares of 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 during the period. Finally, Union Savings Bank increased its stake in Corteva by 58.5% in the 3rd quarter. Union Savings Bank now owns 577 shares of the company’s stock valued at $30,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. KeyCorp lifted their price objective on Corteva from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. restated a “neutral” rating and set a $57.00 target price (down from $58.00) on shares of Corteva in a research report on Friday, April 12th. Royal Bank of Canada increased their price target on shares of Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Wells Fargo & Company upped their target price on shares of Corteva from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Oppenheimer lifted their price target on shares of Corteva from $62.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Corteva has a consensus rating of “Moderate Buy” and an average target price of $63.29.

Corteva Trading Down 0.7 %

Shares of CTVA opened at $54.77 on Thursday. The stock has a 50-day moving average price of $55.28 and a 200 day moving average price of $50.40. Corteva, Inc. has a one year low of $43.22 and a one year high of $61.87. The company has a market capitalization of $38.28 billion, a P/E ratio of 53.70, a P/E/G ratio of 1.45 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 issued its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. Corteva had a return on equity of 7.43% and a net margin of 4.27%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the firm earned $0.16 EPS. Sell-side analysts forecast that Corteva, Inc. will post 2.84 EPS for the current fiscal year.

Corteva Announces Dividend

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