Koss Olinger Consulting LLC Has $2.36 Million Stock Holdings in Corteva, Inc. $CTVA

Koss Olinger Consulting LLC trimmed its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,711 shares of the company’s stock after selling 1,113 shares during the period. Koss Olinger Consulting LLC’s holdings in Corteva were worth $2,363,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CTVA. Gladwyn Financial Advisors Inc. acquired a new position in shares of Corteva during the 2nd quarter worth about $25,000. Curat Global LLC boosted its stake in shares of Corteva by 93.7% during the 2nd quarter. Curat Global LLC now owns 370 shares of the company’s stock worth $28,000 after buying an additional 179 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of Corteva during the 2nd quarter worth about $29,000. Valley National Advisers Inc. boosted its stake in shares of Corteva by 85.9% during the 1st quarter. Valley National Advisers Inc. now owns 526 shares of the company’s stock worth $33,000 after buying an additional 243 shares during the last quarter. Finally, Richardson Capital Management LLC acquired a new position in shares of Corteva during the 1st quarter worth about $37,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Corteva from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Oppenheimer reduced their price target on Corteva from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. UBS Group reduced their price target on Corteva from $91.00 to $85.00 and set a “buy” rating for the company in a report on Monday, October 6th. BMO Capital Markets set a $86.00 price target on Corteva in a report on Monday, September 15th. Finally, Wall Street Zen cut Corteva from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.94.

Corteva Stock Up 0.2%

Corteva stock opened at $63.63 on Monday. The stock has a market cap of $43.21 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.46 and a beta of 0.76. The company has a quick ratio of 1.23, a current ratio of 1.68 and a debt-to-equity ratio of 0.06. Corteva, Inc. has a twelve month low of $53.40 and a twelve month high of $77.41. The company’s 50-day moving average price is $68.53 and its two-hundred day moving average price is $69.20.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.31. The firm had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.26 billion. Corteva had a net margin of 8.16% and a return on equity of 8.68%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. As a group, analysts expect that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.72 annualized dividend and a yield of 1.1%. This is an increase from Corteva’s previous quarterly dividend of $0.17. Corteva’s payout ratio is currently 35.12%.

Insiders Place Their Bets

In other Corteva news, EVP Robert D. King sold 37,280 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $74.20, for a total value of $2,766,176.00. Following the transaction, the executive vice president directly owned 49,262 shares of the company’s stock, valued at $3,655,240.40. This represents a 43.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

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.