Value Partners Investments Inc. Grows Position in Corteva, Inc. (NYSE:CTVA)

Value Partners Investments Inc. lifted its position in shares of Corteva, Inc. (NYSE:CTVA) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,342 shares of the company’s stock after purchasing an additional 722 shares during the quarter. Corteva accounts for approximately 0.1% of Value Partners Investments Inc.’s portfolio, making the stock its 28th largest holding. Value Partners Investments Inc.’s holdings in Corteva were worth $2,298,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, insider Brian Titus sold 26,560 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total value of $1,692,934.40. Following the transaction, the insider now directly owns 11,347 shares in the company, valued at approximately $723,257.78. This represents a 70.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group reduced their target price on 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 report on Monday, February 10th. Bank of America lifted their target price on shares of Corteva from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. KeyCorp upped their price target on shares of Corteva from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Oppenheimer lifted their price objective on Corteva from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Corteva has a consensus rating of “Moderate Buy” and a consensus target price of $68.06.

Corteva Trading Up 2.3 %

Shares of CTVA opened at $59.27 on Monday. Corteva, Inc. has a 12-month low of $50.01 and a 12-month high of $66.24. The firm has a market capitalization of $40.48 billion, a P/E ratio of 45.95, a P/E/G ratio of 1.68 and a beta of 0.73. The firm has a 50-day moving average price of $61.27 and a 200 day moving average price of $60.26. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08.

Corteva (NYSE:CTVA) last posted its quarterly earnings results 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 net margin of 5.36% and a return on equity of 7.19%. Sell-side analysts forecast that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. Corteva’s dividend payout ratio is currently 52.71%.

Corteva Company 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.