Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,296 shares of the company’s stock, valued at approximately $3,457,000.
Several other large investors have also added to or reduced their stakes in CTVA. William B. Walkup & Associates Inc. raised its stake in shares of Corteva by 2.9% in the first quarter. William B. Walkup & Associates Inc. now owns 4,457 shares of the company’s stock worth $373,000 after purchasing an additional 126 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Corteva by 2.4% in the 1st quarter. AdvisorNet Financial Inc now owns 5,694 shares of the company’s stock worth $477,000 after buying an additional 135 shares during the period. First Horizon Corp raised its position in Corteva by 9.2% during the 1st quarter. First Horizon Corp now owns 1,600 shares of the company’s stock worth $134,000 after buying an additional 135 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Corteva by 9.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,674 shares of the company’s stock worth $112,000 after buying an additional 140 shares during the last quarter. Finally, Equitable Trust Co. lifted its stake in Corteva by 2.5% during the 1st quarter. Equitable Trust Co. now owns 5,993 shares of the company’s stock valued at $502,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on CTVA. Argus lifted their price objective on Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. UBS Group cut their price objective on shares of Corteva from $90.00 to $86.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Oppenheimer upped their price objective on shares of Corteva from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group increased their target price on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, CICC Research lifted their price target on Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $88.95.
Corteva Stock Up 0.9%
Shares of CTVA opened at $87.42 on Friday. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $88.22. The stock has a market capitalization of $58.47 billion, a PE ratio of 51.43, a P/E/G ratio of 2.65 and a beta of 0.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. The company’s 50-day simple moving average is $80.86 and its 200-day simple moving average is $78.19.
Corteva (NYSE:CTVA – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the business earned $1.13 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Analysts forecast that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.
Corteva Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, June 1st. Corteva’s dividend payout ratio is presently 42.35%.
Corteva Company Profile
Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.
Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.
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