Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $776,000 Stock Position in Corteva, Inc. $CTVA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in shares of Corteva, Inc. (NYSE:CTVA) by 12.1% in the second quarter, HoldingsChannel reports. The fund owned 10,412 shares of the company’s stock after selling 1,432 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Corteva were worth $776,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CTVA. Peak Financial Advisors LLC acquired a new stake in shares of Corteva in the 2nd quarter valued at approximately $505,000. Cary Street Partners Financial LLC boosted its holdings in shares of Corteva by 20.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 90,206 shares of the company’s stock valued at $5,677,000 after buying an additional 15,448 shares during the last quarter. PGGM Investments boosted its holdings in shares of Corteva by 68.5% in the 2nd quarter. PGGM Investments now owns 1,223,444 shares of the company’s stock valued at $91,183,000 after buying an additional 497,200 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Corteva by 28.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,851,993 shares of the company’s stock valued at $179,476,000 after buying an additional 634,938 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC boosted its holdings in shares of Corteva by 70.3% in the 2nd quarter. S.E.E.D. Planning Group LLC now owns 164,393 shares of the company’s stock valued at $12,252,000 after buying an additional 67,869 shares during the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Corteva Stock Up 0.5%

CTVA opened at $63.44 on Friday. Corteva, Inc. has a 1-year low of $53.40 and a 1-year high of $77.41. The stock’s fifty day simple moving average is $68.69 and its 200 day simple moving average is $68.98. The company has a current ratio of 1.68, a quick ratio of 1.23 and a debt-to-equity ratio of 0.06. The stock has a market cap of $43.08 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.44 and a beta of 0.76.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.26 billion. Corteva had a return on equity of 8.68% and a net margin of 8.16%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 EPS. As a group, research analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Corteva’s previous quarterly dividend of $0.17. Corteva’s dividend payout ratio (DPR) is 35.12%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. KeyCorp reissued a “sector weight” rating on shares of Corteva in a report on Friday, October 3rd. The Goldman Sachs Group cut their price objective on Corteva from $85.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on Corteva from $83.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 15th. Citigroup downgraded Corteva from a “buy” rating to a “neutral” rating and cut their price objective for the company from $83.00 to $70.00 in a report on Thursday, October 2nd. Finally, Jefferies Financial Group dropped their price target on Corteva from $92.00 to $85.00 in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Corteva currently has an average rating of “Moderate Buy” and a consensus price target of $79.94.

Insiders Place Their Bets

In other Corteva news, EVP Robert D. King sold 37,280 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $74.20, for a total transaction of $2,766,176.00. Following the transaction, the executive vice president owned 49,262 shares in the company, valued at $3,655,240.40. This trade represents a 43.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

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.