Private Advisor Group LLC Purchases 313 Shares of Corteva, Inc. (NYSE:CTVA)

Private Advisor Group LLC grew its position in shares of Corteva, Inc. (NYSE:CTVA) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,482 shares of the company’s stock after purchasing an additional 313 shares during the quarter. Private Advisor Group LLC’s holdings in Corteva were worth $1,674,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Westhampton Capital LLC grew its position in shares of Corteva by 2.5% during the 3rd quarter. Westhampton Capital LLC now owns 8,641 shares of the company’s stock worth $508,000 after buying an additional 213 shares during the period. Eastern Bank acquired a new stake in shares of Corteva during the 3rd quarter worth approximately $332,000. Sequoia Financial Advisors LLC grew its position in shares of Corteva by 31.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 22,682 shares of the company’s stock worth $1,333,000 after buying an additional 5,466 shares during the period. Oakworth Capital Inc. grew its position in shares of Corteva by 67.8% during the 3rd quarter. Oakworth Capital Inc. now owns 1,178 shares of the company’s stock worth $69,000 after buying an additional 476 shares during the period. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Corteva during the 3rd quarter worth approximately $602,000. Institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CTVA. Argus downgraded shares of Corteva from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley reissued an “overweight” rating and issued a $65.00 price target on shares of Corteva in a research report on Tuesday, September 24th. Wells Fargo & Company reduced their price target on shares of Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. KeyCorp reduced their price target on shares of Corteva from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Citigroup initiated coverage on shares of Corteva in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $68.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.84.

Corteva Trading Up 1.3 %

NYSE CTVA opened at $61.57 on Thursday. The stock has a market capitalization of $42.91 billion, a price-to-earnings ratio of 77.94, a PEG ratio of 1.66 and a beta of 0.77. Corteva, Inc. has a one year low of $43.22 and a one year high of $62.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.17. The business’s fifty day moving average is $57.56 and its 200-day moving average is $55.29.

Corteva (NYSE:CTVA) last released its earnings results on Wednesday, July 31st. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The company had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Corteva had a return on equity of 7.30% and a net margin of 5.31%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 EPS. Equities research analysts predict that Corteva, Inc. will post 2.66 EPS for the current year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, December 2nd. Corteva’s payout ratio is 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.