Legal & General Group Plc Acquires Shares of 5,701,220 Corteva, Inc. $CTVA

Legal & General Group Plc bought a new position in Corteva, Inc. (NYSE:CTVAFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,701,220 shares of the company’s stock, valued at approximately $482,836,000. Legal & General Group Plc owned approximately 0.85% of Corteva as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Corteva by 307.2% during the fourth quarter. Brighton Jones LLC now owns 15,588 shares of the company’s stock valued at $888,000 after acquiring an additional 11,760 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Corteva by 40.3% during the 1st quarter. Woodline Partners LP now owns 57,919 shares of the company’s stock valued at $3,645,000 after purchasing an additional 16,644 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Corteva by 62.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,559 shares of the company’s stock valued at $191,000 after purchasing an additional 980 shares during the last quarter. Cresset Asset Management LLC grew its position in shares of Corteva by 2.6% during the second quarter. Cresset Asset Management LLC now owns 7,063 shares of the company’s stock valued at $526,000 after purchasing an additional 181 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Corteva in the second quarter worth about $1,464,000. Institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CTVA has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Corteva from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. CICC Research lifted their price objective on Corteva from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. BNP Paribas Exane upped their price objective on Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Mizuho increased their target price on Corteva from $96.00 to $97.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Corteva from $77.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.50.

Get Our Latest Report on Corteva

Corteva Stock Up 0.4%

NYSE CTVA opened at $83.18 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 52 week low of $60.53 and a 52 week high of $90.97. The firm has a market capitalization of $55.50 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 2.54 and a beta of 0.57. The company has a fifty day moving average of $82.39 and a two-hundred day moving average of $80.37.

Corteva (NYSE:CTVAGet Free Report) last released its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the business earned $2.20 EPS. The business’s revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio (DPR) is presently 47.68%.

Corteva Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Corteva (NYSE:CTVA)

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