Virtu Financial LLC Acquires New Position in Corteva, Inc. (NYSE:CTVA)

Virtu Financial LLC acquired a new position in shares of Corteva, Inc. (NYSE:CTVA) during the fourth quarter, Holdings Channel.com reports. The fund acquired 10,331 shares of the company’s stock, valued at approximately $588,000.

A number of other large investors also recently modified their holdings of CTVA. Great Valley Advisor Group Inc. bought a new stake in shares of Corteva during the 3rd quarter worth $203,000. Cerity Partners LLC increased its position in shares of Corteva by 28.0% in the third quarter. Cerity Partners LLC now owns 232,664 shares of the company’s stock valued at $13,678,000 after acquiring an additional 50,837 shares during the period. Swedbank AB increased its holdings in Corteva by 18.0% during the 3rd quarter. Swedbank AB now owns 457,877 shares of the company’s stock valued at $26,919,000 after purchasing an additional 69,782 shares during the period. Larson Financial Group LLC raised its holdings in shares of Corteva by 62.1% during the third quarter. Larson Financial Group LLC now owns 6,957 shares of the company’s stock valued at $409,000 after acquiring an additional 2,665 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Corteva by 9.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 107,810 shares of the company’s stock worth $6,338,000 after purchasing an additional 8,906 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Corteva from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Citigroup upped their target price on shares of Corteva from $69.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group started coverage on Corteva in a research report on Thursday, March 13th. They set a “buy” rating and a $71.00 price objective on the stock. Barclays boosted their price target on Corteva from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, UBS Group reduced their target price on shares of Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.00.

Insider Activity

In other Corteva news, insider Brian Titus sold 26,560 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the sale, the insider now owns 11,347 shares in the company, valued at approximately $723,257.78. The trade was a 70.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Corteva Trading Down 0.3 %

Shares of CTVA stock opened at $61.91 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. Corteva, Inc. has a 1 year low of $50.01 and a 1 year high of $66.24. The company has a market cap of $42.44 billion, a PE ratio of 47.99, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. The stock’s 50 day simple moving average is $62.50 and its two-hundred day simple moving average is $59.99.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. Research analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.17 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. Corteva’s dividend payout ratio is presently 52.71%.

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.