Corient Private Wealth LLC Purchases 10,259 Shares of Corteva, Inc. (NYSE:CTVA)

Corient Private Wealth LLC increased its position in Corteva, Inc. (NYSE:CTVA - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 224,732 shares of the company's stock after purchasing an additional 10,259 shares during the quarter. Corient Private Wealth LLC's holdings in Corteva were worth $12,801,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CTVA shares. The Goldman Sachs Group started coverage on shares of Corteva in a report on Thursday, March 13th. They set a "buy" rating and a $71.00 target price on the stock. Barclays raised their target price on shares of Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. BNP Paribas raised shares of Corteva to a "hold" rating in a report on Monday, February 10th. KeyCorp raised their target price on shares of Corteva from $68.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Oppenheimer raised their target price on shares of Corteva from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.00.

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Corteva Price Performance

Corteva stock traded down $0.13 during mid-day trading on Friday, reaching $61.70. The company had a trading volume of 6,880,464 shares, compared to its average volume of 3,049,251. Corteva, Inc. has a fifty-two week low of $50.01 and a fifty-two week high of $66.24. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08. The company has a market cap of $42.30 billion, a P/E ratio of 47.83, a P/E/G ratio of 1.68 and a beta of 0.79. The business has a fifty day simple moving average of $62.44 and a 200 day simple moving average of $59.87.

Corteva (NYSE:CTVA - Get Free Report) last issued its 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 net margin of 5.36% and a return on equity of 7.19%. On average, equities research analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.10%. Corteva's dividend payout ratio (DPR) is presently 52.71%.

Insider Transactions at Corteva

In other news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company 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.