Corteva, Inc. (NYSE:CTVA) Holdings Increased by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,492,917 shares of the company's stock after purchasing an additional 13,295 shares during the period. Sei Investments Co. owned 0.22% of Corteva worth $85,036,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Corteva by 2.3% during the third quarter. State Street Corp now owns 34,290,086 shares of the company's stock worth $2,015,914,000 after buying an additional 768,519 shares during the period. Geode Capital Management LLC lifted its position in Corteva by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 17,703,771 shares of the company's stock worth $1,037,505,000 after acquiring an additional 355,206 shares during the period. Franklin Resources Inc. grew its stake in shares of Corteva by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 14,788,607 shares of the company's stock valued at $860,746,000 after purchasing an additional 856,007 shares during the last quarter. Harris Associates L P increased its holdings in shares of Corteva by 1.4% in the third quarter. Harris Associates L P now owns 14,362,309 shares of the company's stock valued at $844,360,000 after purchasing an additional 200,917 shares during the period. Finally, FMR LLC raised its stake in shares of Corteva by 1.9% during the third quarter. FMR LLC now owns 10,747,791 shares of the company's stock worth $631,863,000 after purchasing an additional 203,126 shares during the last quarter. Institutional investors and hedge funds own 81.54% of the company's stock.

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Insider Buying and Selling

In other news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the sale, the insider now owns 11,347 shares of the company's stock, valued at approximately $723,257.78. The trade was a 70.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

CTVA has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Corteva from $67.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Citigroup boosted their price target on Corteva from $69.00 to $74.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. BNP Paribas upgraded shares of Corteva to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price objective on Corteva from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, UBS Group reduced their target price on Corteva from $74.00 to $73.00 and set a "buy" rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $68.00.

Corteva Stock Performance

Shares of CTVA stock traded down $0.16 on Tuesday, hitting $61.91. 1,729,230 shares of the stock traded hands, compared to its average volume of 3,045,209. The company has a market capitalization of $42.44 billion, a PE ratio of 47.99, a PEG ratio of 1.68 and a beta of 0.79. The company's fifty day moving average is $62.48 and its 200 day moving average is $59.95. 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 1-year low of $50.01 and a 1-year high of $66.24.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings data 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 research analysts predict that Corteva, Inc. will post 2.96 earnings per share 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 issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, March 3rd. Corteva's dividend payout ratio (DPR) is 52.71%.

About Corteva

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.