Benjamin F. Edwards & Company Inc. Purchases 469 Shares of Corteva, Inc. (NYSE:CTVA)

Benjamin F. Edwards & Company Inc. boosted its position in shares of Corteva, Inc. (NYSE:CTVAGet Rating) by 25.2% during the third quarter, Holdings Channel.com reports. The fund owned 2,328 shares of the company’s stock after acquiring an additional 469 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Corteva were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC raised its stake in Corteva by 106.0% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 1,125 shares of the company’s stock worth $61,000 after acquiring an additional 579 shares during the period. Montag A & Associates Inc. grew its holdings in Corteva by 51.9% during the 2nd quarter. Montag A & Associates Inc. now owns 752 shares of the company’s stock valued at $41,000 after buying an additional 257 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Corteva by 3.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,899 shares of the company’s stock valued at $590,000 after buying an additional 345 shares in the last quarter. Shell Asset Management Co. grew its holdings in Corteva by 21.6% during the 2nd quarter. Shell Asset Management Co. now owns 27,635 shares of the company’s stock valued at $1,496,000 after buying an additional 4,900 shares in the last quarter. Finally, Brendel Financial Advisors LLC grew its holdings in Corteva by 57.9% during the 2nd quarter. Brendel Financial Advisors LLC now owns 6,627 shares of the company’s stock valued at $359,000 after buying an additional 2,430 shares in the last quarter. Institutional investors own 79.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group lowered shares of Corteva from a “buy” rating to a “neutral” rating and increased their price objective for the company from $70.00 to $73.00 in a report on Tuesday, November 15th. Royal Bank of Canada raised their target price on shares of Corteva from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, November 7th. Loop Capital lowered shares of Corteva from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.00 to $71.00 in a research report on Tuesday, November 15th. Mizuho lifted their price objective on shares of Corteva from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Credit Suisse Group lifted their price objective on shares of Corteva from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.31.

Corteva Price Performance

CTVA stock opened at $62.72 on Monday. Corteva, Inc. has a 12 month low of $43.74 and a 12 month high of $68.43. The company has a current ratio of 1.69, a quick ratio of 1.08 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $62.91 and a 200 day moving average price of $60.70. The stock has a market cap of $44.81 billion, a PE ratio of 33.54, a P/E/G ratio of 1.18 and a beta of 0.78.

Corteva (NYSE:CTVAGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. Corteva had a net margin of 7.95% and a return on equity of 7.31%. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business posted ($0.14) EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Equities research analysts anticipate that Corteva, Inc. will post 2.57 earnings per share for the current year.

Corteva Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Monday, November 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Corteva’s payout ratio is 32.09%.

Corteva Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Corteva (NYSE:CTVA)

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