12,638 Shares in Corteva, Inc. (NYSE:CTVA) Bought by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC purchased a new position in Corteva, Inc. (NYSE:CTVA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,638 shares of the company’s stock, valued at approximately $606,000.

Other hedge funds also recently modified their holdings of the company. CVA Family Office LLC bought a new position in Corteva in the fourth quarter valued at about $25,000. BKM Wealth Management LLC bought a new position in Corteva in the fourth quarter valued at about $27,000. NewSquare Capital LLC grew its position in Corteva by 70.6% in the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock valued at $28,000 after acquiring an additional 226 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its position in Corteva by 234.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares during the last quarter. Finally, Union Savings Bank grew its position in Corteva by 58.5% in the third quarter. Union Savings Bank now owns 577 shares of the company’s stock valued at $30,000 after acquiring an additional 213 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CTVA shares. UBS Group decreased 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. KeyCorp lifted their price objective on Corteva from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. BNP Paribas raised Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price objective on the stock in a research note on Friday, February 2nd. Royal Bank of Canada lifted their price objective on Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 price objective (down from $58.00) on shares of Corteva in a research note on Friday, April 12th. Six 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, Corteva presently has a consensus rating of “Moderate Buy” and an average target price of $63.29.

Corteva Price Performance

NYSE CTVA traded up $0.22 during trading hours on Friday, hitting $54.92. The company had a trading volume of 2,350,151 shares, compared to its average volume of 2,425,831. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $61.87. The firm has a 50 day simple moving average of $55.28 and a 200 day simple moving average of $50.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 1.56. The firm has a market capitalization of $38.38 billion, a price-to-earnings ratio of 53.84, a PEG ratio of 1.44 and a beta of 0.77.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. Corteva had a return on equity of 7.43% and a net margin of 4.27%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the company earned $0.16 EPS. Equities research analysts expect that Corteva, Inc. will post 2.84 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.64 annualized dividend and a dividend yield of 1.17%. Corteva’s payout ratio is currently 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.