10,818 Shares in Corteva, Inc. (NYSE:CTVA) Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new position in Corteva, Inc. (NYSE:CTVA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,818 shares of the company’s stock, valued at approximately $518,000.

Several other large investors have also made changes to their positions in CTVA. Moneta Group Investment Advisors LLC raised its position in Corteva by 110,628.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,904,934 shares of the company’s stock valued at $464,652,000 after purchasing an additional 7,897,795 shares during the period. Norges Bank purchased a new position in Corteva in the fourth quarter valued at about $328,936,000. Harris Associates L P purchased a new position in Corteva in the third quarter valued at about $246,423,000. Van ECK Associates Corp raised its position in Corteva by 78.7% in the third quarter. Van ECK Associates Corp now owns 7,645,091 shares of the company’s stock valued at $391,123,000 after purchasing an additional 3,366,106 shares during the period. Finally, Wells Fargo & Company MN raised its position in Corteva by 283.5% in the second quarter. Wells Fargo & Company MN now owns 4,482,718 shares of the company’s stock valued at $256,860,000 after purchasing an additional 3,313,768 shares during the period. 81.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CTVA. Wolfe Research began coverage on Corteva in a research report on Friday, March 1st. They set an “outperform” rating and a $67.00 target price on the stock. Mizuho dropped their target price on Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. UBS Group dropped their target price on Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Loop Capital raised Corteva from a “hold” rating to a “buy” rating and lifted their target price for the stock from $57.00 to $65.00 in a research report on Monday, February 12th. Finally, Oppenheimer lifted their target price on Corteva from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.14.

Corteva Stock Performance

CTVA opened at $57.00 on Thursday. The business’s 50 day moving average is $52.44 and its 200-day moving average is $49.69. The stock has a market cap of $39.84 billion, a PE ratio of 55.88, a price-to-earnings-growth ratio of 1.43 and a beta of 0.77. 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, Inc. has a twelve month low of $43.22 and a twelve month high of $63.37.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.09. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, analysts predict that Corteva, Inc. will post 2.87 earnings per share for the current year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.12%. Corteva’s dividend payout ratio (DPR) is presently 62.75%.

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.