GWN Securities Inc. Purchases Shares of 11,477 Corteva, Inc. (NYSE:CTVA)

GWN Securities Inc. acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,477 shares of the company's stock, valued at approximately $654,000.

A number of other large investors have also modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in Corteva during the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new position in shares of Corteva in the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Corteva in the 4th quarter valued at $32,000. Centricity Wealth Management LLC bought a new stake in Corteva in the fourth quarter valued at $34,000. Finally, First Financial Corp IN acquired a new position in Corteva during the fourth quarter worth $35,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Corteva Trading Down 1.0 %

Shares of CTVA stock traded down $0.60 on Thursday, reaching $61.86. The company had a trading volume of 2,684,735 shares, compared to its average volume of 3,537,214. The stock has a market cap of $42.41 billion, a PE ratio of 47.95, a PEG ratio of 1.68 and a beta of 0.79. The company has a 50-day moving average of $62.25 and a 200-day moving average of $59.79. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08. Corteva, Inc. has a 12 month low of $50.01 and a 12 month high of $66.24.

Corteva (NYSE:CTVA - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. On average, equities analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current year.

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Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.68 annualized dividend and a yield of 1.10%. Corteva's dividend payout ratio is presently 52.71%.

Insider Buying and Selling at Corteva

In other Corteva news, insider Brian Titus sold 26,560 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the sale, the insider now directly owns 11,347 shares in the company, valued at approximately $723,257.78. This trade represents a 70.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CTVA. Bank of America lifted their target price on shares of Corteva from $69.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Oppenheimer raised their price objective on shares of Corteva from $70.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Barclays upped their target price on shares of Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. KeyCorp raised their price target on shares of Corteva from $68.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, BNP Paribas raised Corteva to a "hold" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Corteva currently has an average rating of "Moderate Buy" and a consensus price target of $68.00.

Corteva Company 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.