Corteva, Inc. (NYSE:CTVA) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 987,621 shares of the company's stock after selling 13,569 shares during the period. Bank of Montreal Can owned approximately 0.14% of Corteva worth $56,255,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Corteva

In other Corteva news, insider Brian Titus sold 26,560 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $63.74, for a total value of $1,692,934.40. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

CTVA has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Corteva from $67.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. UBS Group lowered their target price on Corteva from $74.00 to $73.00 and set a "buy" rating for the company in a report on Friday, January 10th. Royal Bank of Canada boosted their price target on shares of Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Bank of America raised their price objective 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. Finally, KeyCorp upped their target price on shares of Corteva from $68.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.06.

Corteva Stock Up 2.3 %

Shares of CTVA traded up $1.33 during mid-day trading on Friday, reaching $59.27. The company's stock had a trading volume of 3,067,223 shares, compared to its average volume of 3,306,914. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. Corteva, Inc. has a 12-month low of $50.01 and a 12-month high of $66.24. The stock has a market cap of $40.48 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. The company's 50 day moving average is $61.27 and its 200 day moving average is $60.25.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly 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%. Equities analysts anticipate that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.17 dividend. 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 1.15%. Corteva's dividend payout ratio (DPR) is presently 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.