Everpar Advisors LLC Takes $959,000 Position in Corteva, Inc. (NYSE:CTVA)

Everpar Advisors LLC acquired a new position in Corteva, Inc. (NYSE:CTVA) in the 4th quarter, HoldingsChannel reports. The fund acquired 20,009 shares of the company’s stock, valued at approximately $959,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Corteva by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,197,182 shares of the company’s stock worth $201,129,000 after acquiring an additional 127,093 shares during the period. Apollon Wealth Management LLC boosted its stake in Corteva by 7.7% in the 4th quarter. Apollon Wealth Management LLC now owns 5,668 shares of the company’s stock worth $272,000 after purchasing an additional 403 shares during the period. Lincoln National Corp grew its holdings in Corteva by 6.3% during the 4th quarter. Lincoln National Corp now owns 14,304 shares of the company’s stock valued at $685,000 after buying an additional 844 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Corteva by 12.3% during the fourth quarter. Private Advisor Group LLC now owns 95,033 shares of the company’s stock valued at $4,554,000 after buying an additional 10,430 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Corteva by 4.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,361 shares of the company’s stock worth $257,000 after buying an additional 242 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on CTVA shares. KeyCorp upped their target price on shares of Corteva from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. BMO Capital Markets lifted their price objective on Corteva from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Mizuho lifted their target price on shares of Corteva from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer raised their price objective on shares of Corteva from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada upped their target price on shares of Corteva from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $63.24.

Corteva Stock Down 1.2 %

Corteva stock traded down $0.70 during mid-day trading on Wednesday, hitting $56.82. The company had a trading volume of 4,291,853 shares, compared to its average volume of 3,574,410. The stock’s 50 day moving average price is $55.45 and its two-hundred day moving average price is $50.74. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $39.60 billion, a PE ratio of 71.92, a price-to-earnings-growth ratio of 1.50 and a beta of 0.78. Corteva, Inc. has a 12 month low of $43.22 and a 12 month high of $58.81.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.65 billion. Corteva had a net margin of 3.32% and a return on equity of 6.68%. Corteva’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the business earned $1.16 EPS. As a group, sell-side analysts anticipate that Corteva, Inc. will post 2.83 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.64 annualized dividend and a yield of 1.13%. Corteva’s dividend payout ratio (DPR) is presently 81.01%.

Insider Buying and Selling at Corteva

In other news, insider Brian Titus sold 12,134 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $56.65, for a total transaction of $687,391.10. Following the transaction, the insider now directly owns 13,495 shares of the company’s stock, valued at approximately $764,491.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

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.