International Assets Investment Management LLC Makes New $4.85 Million Investment in Corteva, Inc. (NYSE:CTVA)

International Assets Investment Management LLC purchased a new position in Corteva, Inc. (NYSE:CTVA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,244 shares of the company’s stock, valued at approximately $4,852,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. grew its holdings in Corteva by 6.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 343,718 shares of the company’s stock valued at $16,529,000 after buying an additional 21,999 shares in the last quarter. Factory Mutual Insurance Co. boosted its position in shares of Corteva by 10.7% during the fourth quarter. Factory Mutual Insurance Co. now owns 532,558 shares of the company’s stock worth $25,520,000 after acquiring an additional 51,500 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Corteva by 5.0% during the fourth quarter. Integrated Investment Consultants LLC now owns 6,684 shares of the company’s stock worth $320,000 after acquiring an additional 319 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Corteva by 121.5% during the fourth quarter. DAVENPORT & Co LLC now owns 52,920 shares of the company’s stock worth $2,541,000 after acquiring an additional 29,026 shares during the last quarter. Finally, Essex Savings Bank bought a new position in shares of Corteva during the fourth quarter worth $209,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CTVA has been the subject of a number of research reports. BNP Paribas upgraded shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 target price for the company in a research report on Friday, February 2nd. Oppenheimer upped their target price on shares of Corteva from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group dropped their target price on shares of Corteva from $65.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Barclays increased their price objective on shares of Corteva from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Finally, Mizuho lowered their price objective on shares of Corteva from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.29.

Corteva Trading Down 0.7 %

Shares of CTVA opened at $53.32 on Wednesday. Corteva, Inc. has a twelve month low of $43.22 and a twelve month high of $63.06. The company has a market cap of $37.26 billion, a P/E ratio of 52.28, a P/E/G ratio of 1.40 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. The company’s fifty day simple moving average is $55.20 and its 200-day simple moving average is $50.22.

Corteva (NYSE:CTVA) last announced its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.09. The business 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 quarter in the prior year, the firm posted $0.16 earnings per share. As a group, analysts expect that Corteva, Inc. will post 2.86 EPS for the current year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, February 29th. Corteva’s dividend payout ratio is presently 62.75%.

Corteva 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.