Vanguard Personalized Indexing Management LLC Has $2.89 Million Stake in Corteva, Inc. (NYSE:CTVA)

Vanguard Personalized Indexing Management LLC lifted its position in Corteva, Inc. (NYSE:CTVA) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,657 shares of the company’s stock after purchasing an additional 3,126 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Corteva were worth $2,894,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in Corteva in the first quarter valued at $25,000. Acadian Asset Management LLC bought a new stake in shares of Corteva during the first quarter worth $25,000. Rise Advisors LLC grew its holdings in shares of Corteva by 2,522.2% during the first quarter. Rise Advisors LLC now owns 472 shares of the company’s stock worth $27,000 after purchasing an additional 454 shares during the last quarter. Albion Financial Group UT grew its holdings in shares of Corteva by 77.2% during the first quarter. Albion Financial Group UT now owns 505 shares of the company’s stock worth $29,000 after purchasing an additional 220 shares during the last quarter. Finally, Ironwood Wealth Management Inc. grew its holdings in shares of Corteva by 106.1% during the first quarter. Ironwood Wealth Management Inc. now owns 544 shares of the company’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Corteva from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. OTR Global restated a “negative” rating on shares of Corteva in a report on Friday, June 7th. Argus cut Corteva from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Mizuho decreased their target price on Corteva from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. cut their price target on Corteva from $57.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.67.

Corteva Trading Down 1.7 %

NYSE:CTVA opened at $57.58 on Friday. Corteva, Inc. has a 1-year low of $43.22 and a 1-year high of $58.92. The business’s 50-day moving average price is $54.68 and its two-hundred day moving average price is $54.76. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $40.13 billion, a price-to-earnings ratio of 72.89, a PEG ratio of 1.60 and a beta of 0.77.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. The business had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.15 billion. Corteva had a return on equity of 7.30% and a net margin of 5.31%. Corteva’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. On average, equities analysts expect that Corteva, Inc. will post 2.69 earnings per share for the current year.

Corteva Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.17 dividend. This is a boost from Corteva’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, September 3rd. Corteva’s payout ratio is currently 86.08%.

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.