Royal London Asset Management Ltd. Grows Stock Holdings in Corteva, Inc. (NYSE:CTVA)

Royal London Asset Management Ltd. raised its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,058 shares of the company's stock after buying an additional 4,295 shares during the period. Royal London Asset Management Ltd.'s holdings in Corteva were worth $16,863,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CTVA shares. Citigroup boosted their price target on shares of Corteva from $69.00 to $74.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Corteva from $67.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Barclays lifted their price target on Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. The Goldman Sachs Group started coverage on Corteva in a research note on Thursday, March 13th. They issued a "buy" rating and a $71.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.00.

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Corteva Stock Performance

Shares of NYSE:CTVA traded up $0.88 during trading on Wednesday, hitting $62.73. 2,634,219 shares of the company were exchanged, compared to its average volume of 3,538,072. The company has a market cap of $43.01 billion, a PE ratio of 48.63, a P/E/G ratio of 1.68 and a beta of 0.79. Corteva, Inc. has a 52-week low of $50.01 and a 52-week high of $66.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. The stock has a 50 day moving average of $62.50 and a 200 day moving average of $59.99.

Corteva (NYSE:CTVA - Get Free Report) last issued its 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 return on equity of 7.19% and a net margin of 5.36%. As a group, equities research analysts predict that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Monday, March 3rd. Corteva's dividend payout ratio is presently 52.71%.

Insider Buying and Selling at Corteva

In other Corteva news, insider Brian Titus sold 26,560 shares of the firm's stock in a transaction dated 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 owns 11,347 shares of the company's stock, valued at $723,257.78. This trade represents a 70.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.14% of the company's stock.

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.