Oakworth Capital Inc. Has $69,000 Stock Holdings in Corteva, Inc. (NYSE:CTVA)

Oakworth Capital Inc. lifted its holdings in Corteva, Inc. (NYSE:CTVA) by 67.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,178 shares of the company’s stock after buying an additional 476 shares during the period. Oakworth Capital Inc.’s holdings in Corteva were worth $69,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Redmont Wealth Advisors LLC acquired a new stake in Corteva during the first quarter valued at $25,000. Acadian Asset Management LLC acquired a new stake in Corteva during the first quarter valued at $25,000. Albion Financial Group UT boosted its position in Corteva by 77.2% during 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 during the last quarter. Cultivar Capital Inc. acquired a new stake in Corteva during the second quarter valued at $34,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in Corteva during the second quarter valued at $43,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CTVA shares. KeyCorp reduced their price target on Corteva from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Bank of America upgraded Corteva from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $67.00 in a research note on Wednesday, October 16th. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price objective on shares of Corteva in a research note on Tuesday, September 24th. Wells Fargo & Company dropped their price objective on Corteva from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Argus lowered Corteva from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Corteva currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.21.

Corteva Trading Down 0.2 %

CTVA stock opened at $59.12 on Wednesday. Corteva, Inc. has a 1-year low of $43.22 and a 1-year high of $59.68. The firm has a market cap of $41.21 billion, a P/E ratio of 74.84, a P/E/G ratio of 1.66 and a beta of 0.77. The business’s 50 day moving average is $56.66 and its 200-day moving average is $55.09. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. The company had revenue of $6.11 billion for 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%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 EPS. Equities analysts anticipate that Corteva, Inc. will post 2.66 earnings per share for the current fiscal year.

Corteva Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.17 dividend. This is an increase from Corteva’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, September 3rd. Corteva’s payout ratio is presently 86.08%.

Corteva 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.