Corteva, Inc. (NYSE:CTVA) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its position in Corteva, Inc. (NYSE:CTVA - Free Report) by 67.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,775 shares of the company's stock after purchasing an additional 9,184 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Corteva were worth $1,297,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in Corteva during the fourth quarter worth approximately $25,000. Noble Wealth Management PBC purchased a new position in shares of Corteva in the 4th quarter valued at $26,000. Hager Investment Management Services LLC acquired a new stake in Corteva during the 4th quarter worth $27,000. Golden State Wealth Management LLC purchased a new stake in Corteva in the fourth quarter valued at $32,000. Finally, Centricity Wealth Management LLC acquired a new position in Corteva in the fourth quarter valued at $34,000. 81.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Corteva

In related news, insider Brian Titus sold 26,560 shares of the stock in a transaction dated 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 sale, the insider now directly owns 11,347 shares of the company's stock, valued at approximately $723,257.78. This represents a 70.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CTVA. The Goldman Sachs Group started coverage on Corteva in a research report on Thursday, March 13th. They issued a "buy" rating and a $71.00 target price for the company. Citigroup increased their price objective on Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. KeyCorp upped their price target on shares of Corteva from $70.00 to $71.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. BNP Paribas upgraded shares of Corteva to a "hold" rating in a research note on Monday, February 10th. Finally, UBS Group reduced their price objective on Corteva from $74.00 to $73.00 and set a "buy" rating for the company in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $68.13.

Corteva Stock Performance

NYSE:CTVA opened at $60.65 on Wednesday. The firm's fifty day simple moving average is $60.87 and its 200-day simple moving average is $60.32. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. The stock has a market cap of $41.43 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. Corteva, Inc. has a fifty-two week low of $50.01 and a fifty-two week high of $66.24.

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 the consensus estimate of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. Analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given 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 yield of 1.12%. Corteva's payout ratio is 52.71%.

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.

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