Corteva, Inc. $CTVA Shares Purchased by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC lifted its position in Corteva, Inc. (NYSE:CTVA) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,491 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Corteva were worth $782,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CTVA. Moody National Bank Trust Division raised its stake in Corteva by 0.7% during the 2nd quarter. Moody National Bank Trust Division now owns 22,139 shares of the company’s stock valued at $1,650,000 after acquiring an additional 143 shares during the last quarter. Ancora Advisors LLC raised its stake in Corteva by 0.8% during the 1st quarter. Ancora Advisors LLC now owns 18,567 shares of the company’s stock valued at $1,168,000 after acquiring an additional 150 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its stake in Corteva by 2.2% during the 2nd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 6,940 shares of the company’s stock valued at $517,000 after acquiring an additional 150 shares during the last quarter. NewEdge Advisors LLC raised its stake in Corteva by 0.5% during the 1st quarter. NewEdge Advisors LLC now owns 31,455 shares of the company’s stock valued at $1,979,000 after acquiring an additional 152 shares during the last quarter. Finally, Plancorp LLC raised its stake in Corteva by 2.3% during the 1st quarter. Plancorp LLC now owns 7,156 shares of the company’s stock valued at $450,000 after acquiring an additional 158 shares during the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Robert D. King sold 37,280 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $74.20, for a total value of $2,766,176.00. Following the completion of the transaction, the executive vice president directly owned 49,262 shares of the company’s stock, valued at $3,655,240.40. This trade represents a 43.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on CTVA. KeyCorp reaffirmed a “sector weight” rating on shares of Corteva in a research note on Friday, October 3rd. Mizuho reduced their price objective on Corteva from $85.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Argus cut their target price on Corteva from $83.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, October 13th. The Goldman Sachs Group cut their target price on Corteva from $85.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada cut their target price on Corteva from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.69.

Corteva Stock Performance

NYSE CTVA opened at $61.62 on Friday. Corteva, Inc. has a 1-year low of $53.40 and a 1-year high of $77.41. The company has a market capitalization of $41.84 billion, a P/E ratio of 30.06, a PEG ratio of 1.44 and a beta of 0.76. The business has a 50 day moving average price of $67.76 and a 200 day moving average price of $69.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.23.

Corteva (NYSE:CTVA) last released its quarterly earnings data 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. Corteva had a return on equity of 8.68% and a net margin of 8.16%.The firm had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period last year, the business posted $1.83 EPS. Corteva’s quarterly revenue was up 5.6% on a year-over-year basis. Sell-side analysts expect that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

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.