Corteva, Inc. (NYSE:CTVA) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC raised its position in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,726 shares of the company's stock after purchasing an additional 7,946 shares during the period. William Blair Investment Management LLC's holdings in Corteva were worth $2,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Oak Thistle LLC purchased a new stake in Corteva during the fourth quarter worth $1,514,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Corteva by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,523,996 shares of the company's stock worth $265,966,000 after purchasing an additional 66,052 shares during the last quarter. Van ECK Associates Corp grew its stake in Corteva by 5.9% in the fourth quarter. Van ECK Associates Corp now owns 9,428,206 shares of the company's stock valued at $537,031,000 after purchasing an additional 525,531 shares during the last quarter. Swedbank AB grew its position in shares of Corteva by 51.9% in the 4th quarter. Swedbank AB now owns 695,641 shares of the company's stock worth $39,624,000 after buying an additional 237,764 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Corteva by 755.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 552,769 shares of the company's stock valued at $31,486,000 after purchasing an additional 488,181 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company's stock.

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Insider Buying and Selling

In related news, insider Brian Titus sold 26,560 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $63.74, for a total value of $1,692,934.40. Following the completion of the sale, the insider now owns 11,347 shares of the company's stock, valued at approximately $723,257.78. This represents a 70.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Corteva Price Performance

CTVA stock traded up $0.40 during midday trading on Monday, reaching $62.12. The stock had a trading volume of 2,117,827 shares, compared to its average volume of 3,045,524. Corteva, Inc. has a 52-week low of $50.01 and a 52-week high of $66.24. The company has a market cap of $42.59 billion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. The company's fifty day simple moving average is $62.44 and its 200 day simple moving average is $59.90. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08.

Corteva (NYSE:CTVA - Get Free Report) last posted its quarterly earnings results 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 return on equity of 7.19% and a net margin of 5.36%. As a group, sell-side analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.09%. Corteva's dividend payout ratio is presently 52.71%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup increased their price objective on shares of Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on Corteva in a research report on Thursday, March 13th. They set a "buy" rating and a $71.00 price target for the company. BNP Paribas raised Corteva to a "hold" rating in a report on Monday, February 10th. Barclays raised their price target on shares of Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Bank of America raised their target price on shares of Corteva from $69.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Corteva presently has an average rating of "Moderate Buy" and an average price target of $68.00.

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.