Stratos Wealth Partners LTD. Increases Holdings in Corteva, Inc. (NYSE:CTVA)

Stratos Wealth Partners LTD. increased its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 535.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,063 shares of the company's stock after acquiring an additional 48,085 shares during the period. Stratos Wealth Partners LTD.'s holdings in Corteva were worth $3,250,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC raised its position in shares of Corteva by 44.4% in the third quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company's stock worth $33,000 after buying an additional 174 shares in the last quarter. First Financial Corp IN purchased a new stake in shares of Corteva in the fourth quarter worth $35,000. Albion Financial Group UT raised its position in shares of Corteva by 112.6% in the fourth quarter. Albion Financial Group UT now owns 606 shares of the company's stock worth $35,000 after buying an additional 321 shares in the last quarter. Brown Lisle Cummings Inc. raised its position in shares of Corteva by 159.6% in the fourth quarter. Brown Lisle Cummings Inc. now owns 732 shares of the company's stock worth $42,000 after buying an additional 450 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Corteva during the third quarter valued at about $56,000. 81.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Corteva from $67.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Citigroup raised their price target on Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. KeyCorp raised their price target on Corteva from $68.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday. UBS Group decreased their price objective on Corteva from $74.00 to $73.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Finally, Bank of America lifted their price objective on Corteva from $67.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $67.31.

Corteva Stock Up 0.2 %

Corteva stock traded up $0.11 during trading hours on Monday, hitting $62.45. 1,467,850 shares of the stock traded hands, compared to its average volume of 3,711,990. The firm's 50-day moving average price is $60.22 and its two-hundred day moving average price is $58.25. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The company has a market cap of $42.92 billion, a PE ratio of 48.40, a PEG ratio of 1.85 and a beta of 0.78. Corteva, Inc. has a one year low of $50.01 and a one year high of $66.24.

Corteva (NYSE:CTVA - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share (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, research analysts forecast that Corteva, Inc. will post 2.83 EPS for the current year.

Corteva declared that its Board of Directors has authorized a share repurchase program on Tuesday, November 19th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Corteva Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.17 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.09%. Corteva's payout ratio is currently 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.