Corteva, Inc. (NYSE:CTVA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Corteva, Inc. (NYSE:CTVA) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,291 shares of the company’s stock after selling 4,134 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of Corteva worth $19,709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its position in shares of Corteva by 4.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 134,597 shares of the company’s stock valued at $6,290,000 after purchasing an additional 5,753 shares in the last quarter. Tritonpoint Wealth LLC bought a new position in shares of Corteva during the fourth quarter valued at $1,261,000. Prime Capital Investment Advisors LLC lifted its holdings in shares of Corteva by 43.6% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 15,451 shares of the company’s stock valued at $740,000 after acquiring an additional 4,690 shares during the period. Allworth Financial LP lifted its holdings in shares of Corteva by 7.7% during the fourth quarter. Allworth Financial LP now owns 7,251 shares of the company’s stock valued at $347,000 after acquiring an additional 518 shares during the period. Finally, Highlander Capital Management LLC lifted its holdings in shares of Corteva by 1,689.2% during the fourth quarter. Highlander Capital Management LLC now owns 2,648 shares of the company’s stock valued at $127,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CTVA. KeyCorp upped their price objective on Corteva from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Mizuho lowered their price target on Corteva from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Royal Bank of Canada raised their price target on Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. UBS Group dropped their price target on Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Finally, Wolfe Research started coverage on Corteva in a research report on Friday, March 1st. They set an “outperform” rating and a $67.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Corteva presently has an average rating of “Moderate Buy” and an average price target of $63.14.

Corteva Stock Down 0.2 %

NYSE CTVA opened at $56.85 on Monday. The company has a current ratio of 1.56, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market cap of $39.73 billion, a price-to-earnings ratio of 55.74, a PEG ratio of 1.46 and a beta of 0.77. Corteva, Inc. has a 1-year low of $43.22 and a 1-year high of $63.37. The company has a 50 day moving average of $54.38 and a 200-day moving average of $49.99.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same quarter last year, the company earned $0.16 EPS. On average, equities research analysts expect that Corteva, Inc. will post 2.87 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.16 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a yield of 1.13%. Corteva’s dividend payout ratio 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.