Orion Portfolio Solutions LLC raised its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 23.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,575 shares of the company's stock after purchasing an additional 4,498 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Corteva were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Flagship Wealth Advisors LLC bought a new position in Corteva during the fourth quarter worth about $25,000. Noble Wealth Management PBC purchased a new stake in shares of Corteva during the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new position in Corteva in the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new position in Corteva in the 4th quarter valued at approximately $32,000. Finally, Centricity Wealth Management LLC purchased a new position in Corteva in the 4th quarter valued at approximately $34,000. 81.54% of the stock is owned by hedge funds and other institutional investors.
Corteva Trading Up 5.7 %
Corteva stock traded up $3.18 during mid-day trading on Wednesday, hitting $58.70. The company's stock had a trading volume of 6,272,411 shares, compared to its average volume of 3,294,538. The stock has a market cap of $40.09 billion, a PE ratio of 45.50, a P/E/G ratio of 1.68 and a beta of 0.73. Corteva, Inc. has a one year low of $50.01 and a one year high of $66.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 1.45. The company has a 50 day moving average of $61.53 and a 200-day moving average of $60.23.
Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.19% and a net margin of 5.36%. On average, research analysts anticipate that Corteva, Inc. will post 2.96 EPS for the current year.
Corteva Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.17 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.16%. Corteva's payout ratio is currently 52.71%.
Insiders Place Their Bets
In other Corteva news, insider Brian Titus sold 26,560 shares of the firm'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 sale, the insider now directly owns 11,347 shares of the company's stock, valued at approximately $723,257.78. This trade represents 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 this hyperlink. 0.14% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms have recently commented on CTVA. BNP Paribas upgraded shares of Corteva to a "hold" rating in a research report on Monday, February 10th. Barclays boosted their price target on shares of Corteva from $62.00 to $64.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. KeyCorp upped their price target on shares of Corteva from $68.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Argus raised Corteva from a "hold" rating to a "buy" rating and set a $69.00 price objective for the company in a research note on Monday, March 31st. Finally, The Goldman Sachs Group assumed coverage on Corteva in a report on Thursday, March 13th. They issued a "buy" rating and a $71.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.06.
Check Out Our Latest Stock Analysis on Corteva
Corteva Company Profile
(
Free Report)
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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