PBU The Pension Fund of Early Childhood & Youth Educators Takes $15.98 Million Position in Corteva, Inc. $CTVA

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA) during the 4th quarter, Holdings Channel reports. The firm acquired 238,405 shares of the company’s stock, valued at approximately $15,980,000.

Other institutional investors have also recently made changes to their positions in the company. Drummond Knight Asset Management Pty Ltd bought a new stake in Corteva in the 4th quarter worth $25,713,000. Alberta Investment Management Corp bought a new stake in Corteva in the 3rd quarter worth $5,018,000. Avior Wealth Management LLC grew its holdings in Corteva by 464.7% in the 4th quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock worth $2,205,000 after acquiring an additional 27,075 shares during the last quarter. HighTower Advisors LLC grew its holdings in Corteva by 8.6% in the 3rd quarter. HighTower Advisors LLC now owns 182,643 shares of the company’s stock worth $12,352,000 after acquiring an additional 14,436 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new stake in Corteva in the 4th quarter worth $23,679,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

CTVA has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Corteva from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Citigroup raised their price target on shares of Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Oppenheimer raised their price target on shares of Corteva from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Argus raised their target price on shares of Corteva from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Finally, The Goldman Sachs Group raised their target price on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.67.

Corteva Stock Performance

Shares of CTVA opened at $77.06 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. Corteva, Inc. has a one year low of $60.53 and a one year high of $85.63. The company has a 50-day simple moving average of $81.17 and a two-hundred day simple moving average of $74.94. The firm has a market capitalization of $51.54 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 2.37 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the business posted $1.13 earnings per share. Corteva’s quarterly revenue 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, analysts anticipate that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Announces Dividend

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

About Corteva

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.