Whittier Trust Co. Has $1.33 Million Stock Holdings in Corteva, Inc. (NYSE:CTVA)

Whittier Trust Co. lowered its position in Corteva, Inc. (NYSE:CTVA) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,382 shares of the company’s stock after selling 2,299 shares during the quarter. Whittier Trust Co.’s holdings in Corteva were worth $1,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new stake in shares of Corteva in the fourth quarter worth $25,000. Noble Wealth Management PBC acquired a new position in Corteva during the 4th quarter worth about $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Corteva in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of Corteva during the fourth quarter worth about $32,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Corteva during the fourth quarter worth about $34,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Corteva news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the transaction, the insider now directly owns 11,347 shares of the company’s stock, valued at $723,257.78. The trade was a 70.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CTVA. KeyCorp increased their target price on shares of Corteva from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group lowered their target price on shares of Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, January 10th. BNP Paribas raised shares of Corteva to a “hold” rating in a research report on Monday, February 10th. Barclays lifted their price objective on Corteva from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Citigroup upped their target price on Corteva from $69.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Corteva Trading Down 0.2 %

NYSE CTVA opened at $61.70 on Friday. Corteva, Inc. has a 52 week low of $50.01 and a 52 week high of $66.24. The business has a 50 day moving average price of $62.44 and a 200-day moving average price of $59.84. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. The company has a market cap of $42.30 billion, a price-to-earnings ratio of 47.83, a P/E/G ratio of 1.68 and a beta of 0.79.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. As a group, equities analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.17 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.10%. Corteva’s dividend payout ratio (DPR) is currently 52.71%.

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.