Kingsview Wealth Management LLC Boosts Stock Position in Corteva, Inc. (NYSE:CTVA)

Kingsview Wealth Management LLC grew its holdings in shares of Corteva, Inc. (NYSE:CTVAFree Report) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,924 shares of the company’s stock after purchasing an additional 564 shares during the period. Kingsview Wealth Management LLC’s holdings in Corteva were worth $405,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. NewSquare Capital LLC lifted its stake in shares of Corteva by 70.6% during the 3rd quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock valued at $28,000 after buying an additional 226 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its stake in shares of Corteva by 234.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock valued at $28,000 after buying an additional 389 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Corteva during the 2nd quarter valued at $28,000. Union Savings Bank lifted its stake in shares of Corteva by 58.5% during the 3rd quarter. Union Savings Bank now owns 577 shares of the company’s stock valued at $30,000 after buying an additional 213 shares in the last quarter. Finally, Blume Capital Management Inc. lifted its stake in shares of Corteva by 103.8% during the 2nd quarter. Blume Capital Management Inc. now owns 542 shares of the company’s stock valued at $31,000 after buying an additional 276 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Corteva Stock Performance

Shares of NYSE:CTVA opened at $52.09 on Wednesday. The company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 51.07, a PEG ratio of 1.42 and a beta of 0.73. Corteva, Inc. has a 12 month low of $43.22 and a 12 month high of $64.98. The firm’s 50-day moving average is $46.75 and its 200 day moving average is $49.15. The company has a current ratio of 1.56, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Corteva (NYSE:CTVAGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same period in the prior year, the firm posted $0.16 EPS. Research analysts predict that Corteva, Inc. will post 2.86 EPS for the current year.

Corteva Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 29th. Corteva’s dividend payout ratio (DPR) is presently 62.75%.

Insider Transactions at Corteva

In other Corteva news, insider Samuel R. Eathington acquired 1,094 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were purchased at an average cost of $46.07 per share, for a total transaction of $50,400.58. Following the completion of the purchase, the insider now owns 41,066 shares in the company, valued at $1,891,910.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Samuel R. Eathington bought 1,094 shares of the stock in a transaction on Tuesday, November 28th. The stock was bought at an average cost of $46.07 per share, for a total transaction of $50,400.58. Following the completion of the purchase, the insider now directly owns 41,066 shares in the company, valued at $1,891,910.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert D. King bought 640 shares of the stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of $46.77 per share, with a total value of $29,932.80. Following the completion of the purchase, the executive vice president now owns 59,701 shares of the company’s stock, valued at $2,792,215.77. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,084 shares of company stock valued at $95,527. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Oppenheimer lifted their target price on shares of Corteva from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. UBS Group decreased their price target on shares of Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Wells Fargo & Company boosted their price target on shares of Corteva from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. BMO Capital Markets decreased their price target on shares of Corteva from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Finally, Berenberg Bank cut shares of Corteva from a “buy” rating to a “hold” rating and decreased their price target for the stock from $63.00 to $52.00 in a research note on Monday, November 27th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.84.

Check Out Our Latest Stock Analysis on Corteva

About Corteva

(Free Report)

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.

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Institutional Ownership by Quarter for Corteva (NYSE:CTVA)

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