Corteva (NYSE:CTVA) Shares Unloaded Sen. Tommy Tuberville

Senator Tommy Tuberville (R-Alabama) recently sold shares of Corteva, Inc. NYSE: CTVA. In a filing disclosed on November 15th, the Senator disclosed that they had sold between $1,001 and $15,000 in Corteva stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Travelers Companies NYSE: TRV on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Kimberly-Clark NYSE: KMB on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Owens Corning NYSE: OC on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 10/29/2024.
• Sold $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/26/2024.

Corteva Trading Down 3.8 %

Shares of Corteva stock traded down $2.20 during midday trading on Friday, reaching $55.21. 5,636,720 shares of the company's stock traded hands, compared to its average volume of 3,269,070. The stock has a 50 day moving average of $58.34 and a 200-day moving average of $55.66. Corteva, Inc. has a 12 month low of $43.89 and a 12 month high of $63.75. The company has a market cap of $37.95 billion, a PE ratio of 55.74, a price-to-earnings-growth ratio of 1.85 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.50.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.23%. Corteva's dividend payout ratio is currently 68.69%.

Institutional Trading of Corteva

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTVA. Rovin Capital UT ADV grew its holdings in Corteva by 1.3% during the 3rd quarter. Rovin Capital UT ADV now owns 12,822 shares of the company's stock valued at $754,000 after buying an additional 168 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Corteva by 44.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company's stock valued at $33,000 after acquiring an additional 174 shares during the last quarter. Proffitt & Goodson Inc. grew its position in Corteva by 2.2% in the third quarter. Proffitt & Goodson Inc. now owns 8,030 shares of the company's stock worth $472,000 after acquiring an additional 174 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in Corteva by 26.1% during the third quarter. Pinnacle Bancorp Inc. now owns 962 shares of the company's stock valued at $57,000 after purchasing an additional 199 shares during the period. Finally, Herr Investment Group LLC boosted its holdings in shares of Corteva by 2.8% in the 1st quarter. Herr Investment Group LLC now owns 7,400 shares of the company's stock worth $427,000 after purchasing an additional 200 shares during the period. Institutional investors own 81.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CTVA. JPMorgan Chase & Co. dropped their target price on shares of Corteva from $57.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Argus cut Corteva from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Royal Bank of Canada reduced their price target on Corteva from $69.00 to $68.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Bank of America raised Corteva from a "neutral" rating to a "buy" rating and raised their price objective for the company from $59.00 to $67.00 in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company decreased their target price on shares of Corteva from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Corteva currently has an average rating of "Moderate Buy" and an average target price of $63.68.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville's career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

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.