Corteva, Inc. $CTVA Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its position in Corteva, Inc. (NYSE:CTVA) by 26.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,531,726 shares of the company’s stock after purchasing an additional 1,150,926 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Corteva were worth $370,792,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CTVA. Drummond Knight Asset Management Pty Ltd bought a new stake in Corteva during the fourth quarter valued at approximately $25,713,000. Alberta Investment Management Corp bought a new stake in Corteva during the third quarter valued at approximately $5,018,000. Avior Wealth Management LLC lifted its position in Corteva by 464.7% during the fourth quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock valued at $2,205,000 after purchasing an additional 27,075 shares during the last quarter. HighTower Advisors LLC lifted its position in Corteva by 8.6% during the third quarter. HighTower Advisors LLC now owns 182,643 shares of the company’s stock valued at $12,352,000 after purchasing an additional 14,436 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new stake in Corteva during the fourth quarter valued at approximately $23,679,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price target on shares of Corteva from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada lifted their price target on shares of Corteva from $95.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. The Goldman Sachs Group lifted their price target on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings raised shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.67.

Corteva Price Performance

Shares of NYSE CTVA opened at $77.06 on Friday. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $85.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. The business’s fifty day moving average price is $81.17 and its two-hundred day moving average price is $74.94. The firm has a market capitalization of $51.54 billion, a PE ratio of 45.33, a P/E/G ratio of 2.37 and a beta of 0.57.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.32. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the prior year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, research analysts expect that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s dividend payout ratio is presently 42.35%.

Corteva Profile

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.