3,467 Shares in Corteva, Inc. $CTVA Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. bought a new stake in Corteva, Inc. (NYSE:CTVA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,467 shares of the company’s stock, valued at approximately $258,000.

Other large investors also recently bought and sold shares of the company. Gladwyn Financial Advisors Inc. purchased a new stake in shares of Corteva in the second quarter valued at $25,000. Maryland Capital Advisors Inc. purchased a new position in shares of Corteva in the 2nd quarter worth about $29,000. Valley National Advisers Inc. grew its stake in shares of Corteva by 85.9% in the first quarter. Valley National Advisers Inc. now owns 526 shares of the company’s stock valued at $33,000 after buying an additional 243 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of Corteva in the first quarter valued at about $37,000. Finally, DHJJ Financial Advisors Ltd. grew its stake in shares of Corteva by 132.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 527 shares of the company’s stock valued at $39,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Insider Buying and Selling at Corteva

In other Corteva news, EVP Robert D. King sold 37,280 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 49,262 shares of the company’s stock, valued at $3,655,240.40. The trade was a 43.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CTVA shares. Wall Street Zen lowered Corteva from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Jefferies Financial Group cut their price target on Corteva from $92.00 to $85.00 in a report on Thursday, October 2nd. Morgan Stanley set a $84.00 target price on Corteva in a research note on Monday, September 15th. Wells Fargo & Company cut their target price on Corteva from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Finally, Argus decreased their target price on Corteva from $83.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.94.

Corteva Stock Performance

Shares of NYSE CTVA opened at $63.05 on Thursday. The business’s 50-day moving average price is $68.86 and its two-hundred day moving average price is $68.93. 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, Inc. has a one year low of $53.40 and a one year high of $77.41. The company has a market capitalization of $42.82 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.76.

Corteva (NYSE:CTVA) last issued its earnings results on Wednesday, August 6th. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.18 dividend. This is an increase from Corteva’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 2nd. Corteva’s payout ratio is presently 35.12%.

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.