St. James Investment Company LLC Trims Stock Holdings in Corteva, Inc. (NYSE:CTVA)

St. James Investment Company LLC lowered its stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 302,941 shares of the company's stock after selling 7,581 shares during the quarter. Corteva comprises about 3.0% of St. James Investment Company LLC's holdings, making the stock its 16th largest position. St. James Investment Company LLC's holdings in Corteva were worth $17,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in Corteva by 12.9% during the 3rd quarter. Fisher Asset Management LLC now owns 9,043 shares of the company's stock worth $532,000 after buying an additional 1,030 shares during the last quarter. Townsquare Capital LLC increased its stake in shares of Corteva by 13.1% during the third quarter. Townsquare Capital LLC now owns 29,739 shares of the company's stock worth $1,748,000 after acquiring an additional 3,449 shares during the period. Public Sector Pension Investment Board raised its holdings in Corteva by 11.3% during the third quarter. Public Sector Pension Investment Board now owns 29,502 shares of the company's stock worth $1,734,000 after purchasing an additional 3,000 shares in the last quarter. Verition Fund Management LLC lifted its position in Corteva by 8.5% in the third quarter. Verition Fund Management LLC now owns 69,153 shares of the company's stock valued at $4,066,000 after purchasing an additional 5,426 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of Corteva in the 3rd quarter valued at approximately $808,000. Institutional investors and hedge funds own 81.54% of the company's stock.

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Wall Street Analyst Weigh In

CTVA has been the topic of several research analyst reports. Bank of America boosted their target price on shares of Corteva from $69.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group assumed coverage on shares of Corteva in a report on Thursday, March 13th. They set a "buy" rating and a $71.00 price objective on the stock. UBS Group dropped their target price on shares of Corteva from $74.00 to $73.00 and set a "buy" rating for the company in a report on Friday, January 10th. Barclays boosted their price target on Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Finally, BNP Paribas raised Corteva to a "hold" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Corteva presently has an average rating of "Moderate Buy" and an average price target of $68.06.

Corteva Price Performance

CTVA stock traded down $4.51 during trading on Friday, hitting $56.79. The stock had a trading volume of 1,746,726 shares, compared to its average volume of 3,224,083. Corteva, Inc. has a 1-year low of $50.01 and a 1-year high of $66.24. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. The company's 50 day moving average price is $62.53 and its two-hundred day moving average price is $60.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 1.45.

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 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, sell-side analysts forecast that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, March 3rd. Corteva's payout ratio is currently 52.71%.

Insider Buying and Selling at Corteva

In other Corteva news, insider Brian Titus sold 26,560 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 11,347 shares in the company, valued at $723,257.78. The trade was a 70.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

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.