CWA Asset Management Group LLC Purchases New Shares in Corteva, Inc. (NYSE:CTVA)

CWA Asset Management Group LLC purchased a new stake in Corteva, Inc. (NYSE:CTVA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,645 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Corteva in the 1st quarter valued at $25,000. Capital Advisors Ltd. LLC increased its position in shares of Corteva by 44.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 174 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Corteva during the 2nd quarter valued at $34,000. Redwood Wealth Management Group LLC purchased a new stake in shares of Corteva during the 2nd quarter valued at $43,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Corteva during the 2nd quarter valued at $45,000. 81.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CTVA. Citigroup began coverage on Corteva in a research report on Wednesday, October 23rd. They set a “buy” rating and a $68.00 target price for the company. UBS Group raised their target price on Corteva from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada decreased their target price on Corteva from $69.00 to $68.00 and set an “outperform” rating for the company in a research report on Monday. Wells Fargo & Company decreased their price objective on Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Argus lowered Corteva from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.68.

Corteva Stock Down 2.4 %

Shares of NYSE CTVA opened at $57.13 on Wednesday. The company has a market cap of $39.55 billion, a P/E ratio of 57.71, a P/E/G ratio of 1.72 and a beta of 0.77. The company has a quick ratio of 1.17, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $58.22 and a two-hundred day simple moving average of $55.62. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $63.75.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. Corteva’s dividend payout ratio (DPR) is presently 68.69%.

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.