Corteva, Inc. (NYSE:CTVA) Stake Boosted by Aviva PLC

Aviva PLC boosted its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 1,424.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 411,385 shares of the company's stock after purchasing an additional 384,398 shares during the period. Aviva PLC owned about 0.06% of Corteva worth $23,432,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC acquired a new stake in shares of Corteva during the fourth quarter worth approximately $25,000. Noble Wealth Management PBC bought a new position in Corteva during the 4th quarter valued at $26,000. Hager Investment Management Services LLC acquired a new position in Corteva during the 4th quarter worth $27,000. Golden State Wealth Management LLC bought a new stake in shares of Corteva in the 4th quarter worth about $32,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Corteva in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 81.54% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Oppenheimer boosted their price objective on Corteva from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Friday, February 7th. KeyCorp boosted their price target on Corteva from $68.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Citigroup raised their price objective on 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 shares of Corteva in a research note on Thursday, March 13th. They set a "buy" rating and a $71.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Corteva has a consensus rating of "Moderate Buy" and a consensus target price of $68.06.

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Corteva Stock Performance

CTVA stock traded up $1.28 on Friday, reaching $59.22. The company's stock had a trading volume of 872,395 shares, compared to its average volume of 3,292,747. Corteva, Inc. has a 52 week low of $50.01 and a 52 week high of $66.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. The company has a market capitalization of $40.45 billion, a P/E ratio of 45.78, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. The firm has a fifty day moving average of $61.40 and a two-hundred day moving average of $60.23.

Corteva (NYSE:CTVA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share 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%. As a group, analysts predict that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.17 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.68 annualized dividend and a yield of 1.15%. Corteva's dividend payout ratio is currently 52.71%.

Insider Buying and Selling

In other Corteva news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total value of $1,692,934.40. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.