Corteva, Inc. (NYSE:CTVA) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors lowered its position in Corteva, Inc. (NYSE:CTVA) by 32.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,386 shares of the company’s stock after selling 2,595 shares during the period. Arkadios Wealth Advisors’ holdings in Corteva were worth $290,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CTVA. &PARTNERS increased its position in shares of Corteva by 4.3% in the first quarter. &PARTNERS now owns 4,829 shares of the company’s stock valued at $278,000 after buying an additional 200 shares in the last quarter. Herr Investment Group LLC increased its holdings in Corteva by 2.8% during the 1st quarter. Herr Investment Group LLC now owns 7,400 shares of the company’s stock valued at $427,000 after acquiring an additional 200 shares in the last quarter. Baxter Bros Inc. raised its position in Corteva by 1.2% during the fourth quarter. Baxter Bros Inc. now owns 17,576 shares of the company’s stock worth $842,000 after acquiring an additional 215 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of Corteva by 77.2% in the first quarter. Albion Financial Group UT now owns 505 shares of the company’s stock valued at $29,000 after purchasing an additional 220 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Corteva by 1.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 17,986 shares of the company’s stock valued at $1,037,000 after purchasing an additional 227 shares during the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CTVA shares. Canaccord Genuity Group upped their target price on Corteva from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. decreased their price objective on Corteva from $57.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Corteva from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. OTR Global reaffirmed a “negative” rating on shares of Corteva in a research note on Friday, June 7th. Finally, BMO Capital Markets upped their price objective on shares of Corteva from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Corteva presently has an average rating of “Moderate Buy” and a consensus price target of $61.67.

Corteva Stock Up 0.5 %

CTVA opened at $57.30 on Friday. Corteva, Inc. has a 1 year low of $43.22 and a 1 year high of $58.76. The firm has a 50 day moving average price of $53.49 and a 200 day moving average price of $54.54. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.72. The company has a market cap of $39.94 billion, a PE ratio of 71.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.77.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.09. The company had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.15 billion. Corteva had a net margin of 5.31% and a return on equity of 7.30%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. Sell-side analysts expect that Corteva, Inc. will post 2.73 earnings per share for the current year.

Corteva Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $0.17 dividend. This is an increase from Corteva’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. Corteva’s dividend payout ratio is presently 86.08%.

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.