Deutsche Bank AG Has $230.81 Million Position in Corteva, Inc. (NYSE:CTVA)

Deutsche Bank AG boosted its position in Corteva, Inc. (NYSE:CTVA) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,052,081 shares of the company’s stock after acquiring an additional 703,761 shares during the quarter. Deutsche Bank AG owned 0.59% of Corteva worth $230,807,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new stake in shares of Corteva in the 4th quarter valued at approximately $25,000. Noble Wealth Management PBC acquired a new stake in Corteva in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new stake in shares of Corteva during the fourth quarter worth $27,000. LGT Financial Advisors LLC acquired a new position in shares of Corteva during the fourth quarter worth $31,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Corteva in the 4th quarter valued at $32,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on CTVA shares. Argus upgraded Corteva from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Monday, March 31st. Bank of America lifted their target price on shares of Corteva from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada raised their price target on shares of Corteva from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group boosted their price objective on shares of Corteva from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $75.00 target price (up from $72.00) on shares of Corteva in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Corteva currently has a consensus rating of “Moderate Buy” and an average target price of $69.64.

Corteva Stock Performance

NYSE:CTVA opened at $67.70 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. Corteva, Inc. has a twelve month low of $50.01 and a twelve month high of $67.93. The company has a fifty day moving average of $60.87 and a 200-day moving average of $60.74. The firm has a market capitalization of $46.24 billion, a P/E ratio of 52.48, a P/E/G ratio of 1.68 and a beta of 0.72.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.25. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.56 billion. Corteva had a net margin of 5.36% and a return on equity of 7.19%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. As a group, sell-side analysts anticipate that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.00%. Corteva’s dividend payout ratio is 41.46%.

Insider Transactions at Corteva

In other news, insider Brian Titus sold 26,560 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the completion of the sale, the insider now directly owns 11,347 shares of the company’s stock, valued at $723,257.78. The trade was a 70.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by insiders.

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.