Corteva, Inc. (NYSE:CTVA) Shares Sold by Groupama Asset Managment

Groupama Asset Managment reduced its holdings in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 83.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,552 shares of the company's stock after selling 22,899 shares during the period. Groupama Asset Managment's holdings in Corteva were worth $257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chicago Partners Investment Group LLC lifted its position in shares of Corteva by 1.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 13,282 shares of the company's stock valued at $759,000 after acquiring an additional 156 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Corteva by 3.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 4,521 shares of the company's stock worth $258,000 after purchasing an additional 157 shares in the last quarter. Beacon Capital Management LLC boosted its stake in Corteva by 13.4% in the 4th quarter. Beacon Capital Management LLC now owns 1,341 shares of the company's stock worth $76,000 after purchasing an additional 158 shares during the period. Lake Street Advisors Group LLC raised its position in shares of Corteva by 3.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,514 shares of the company's stock valued at $257,000 after buying an additional 160 shares during the last quarter. Finally, Roble Belko & Company Inc lifted its holdings in shares of Corteva by 5.5% in the fourth quarter. Roble Belko & Company Inc now owns 3,166 shares of the company's stock worth $180,000 after buying an additional 166 shares in the last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

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Corteva Trading Up 5.7 %

CTVA stock traded up $3.18 during mid-day trading on Wednesday, reaching $58.70. The company had a trading volume of 6,272,411 shares, compared to its average volume of 3,294,538. The firm has a 50 day moving average of $61.53 and a 200 day moving average of $60.23. 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 company has a market capitalization of $40.09 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73.

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 analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

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 $0.17 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.16%. Corteva's dividend payout ratio is currently 52.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CTVA. UBS Group cut their price objective on Corteva from $74.00 to $73.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Argus upgraded shares of Corteva from a "hold" rating to a "buy" rating and set a $69.00 price target on the stock in a research report on Monday, March 31st. Wells Fargo & Company increased their price objective on shares of Corteva from $67.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Citigroup upped their target price on shares of Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Bank of America lifted their price target on Corteva from $69.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $68.06.

Insider Activity

In other Corteva 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 transaction of $1,692,934.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

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.