AJOVista LLC Buys New Position in Corteva, Inc. (NYSE:CTVA)

AJOVista LLC bought a new position in shares of Corteva, Inc. (NYSE:CTVA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,304 shares of the company’s stock, valued at approximately $158,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new stake in shares of Corteva in the 4th quarter worth approximately $25,000. NewSquare Capital LLC raised its position in shares of 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 during the period. Glass Jacobson Investment Advisors llc boosted its position in shares of Corteva by 234.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of Corteva during the fourth quarter valued at approximately $27,000. Finally, Naples Money Management LLC purchased a new position in Corteva during the 4th quarter worth approximately $31,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CTVA shares. Royal Bank of Canada upped their price objective on shares of Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. BNP Paribas raised shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 target price for the company in a research report on Friday, February 2nd. Canaccord Genuity Group raised their price objective on shares of Corteva from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. KeyCorp increased their target price on shares of Corteva from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, Loop Capital upgraded Corteva from a “hold” rating to a “buy” rating and boosted their price target for the company from $57.00 to $65.00 in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Corteva presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.38.

Corteva Stock Up 0.3 %

CTVA traded up $0.18 during trading on Friday, hitting $57.16. The company had a trading volume of 2,977,563 shares, compared to its average volume of 2,761,026. The firm’s 50-day moving average price is $55.37 and its 200 day moving average price is $50.66. The company has a market capitalization of $39.95 billion, a PE ratio of 72.35, a PEG ratio of 1.49 and a beta of 0.78. The company has a quick ratio of 0.90, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. Corteva, Inc. has a one year low of $43.22 and a one year high of $60.57.

Corteva (NYSE:CTVA) last released its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. Corteva had a return on equity of 6.68% and a net margin of 3.32%. The firm had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts expect that Corteva, Inc. will post 2.84 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, June 4th. Corteva’s dividend payout ratio (DPR) is 81.01%.

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.