HBK Sorce Advisory LLC Invests $628,000 in Corteva, Inc. $CTVA

HBK Sorce Advisory LLC acquired a new stake in Corteva, Inc. (NYSE:CTVA) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,983 shares of the company’s stock, valued at approximately $628,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTVA. William B. Walkup & Associates Inc. increased its position in shares of Corteva by 2.9% in the 1st quarter. William B. Walkup & Associates Inc. now owns 4,457 shares of the company’s stock valued at $373,000 after purchasing an additional 126 shares during the last quarter. Wilkerson Advisory Group LLC increased its position in shares of Corteva by 6.7% during the first quarter. Wilkerson Advisory Group LLC now owns 2,112 shares of the company’s stock worth $177,000 after purchasing an additional 133 shares in the last quarter. AdvisorNet Financial Inc increased its position in Corteva by 2.4% during the first quarter. AdvisorNet Financial Inc now owns 5,694 shares of the company’s stock worth $477,000 after buying an additional 135 shares during the period. First Horizon Corp increased its holdings in shares of Corteva by 9.2% in the 1st quarter. First Horizon Corp now owns 1,600 shares of the company’s stock valued at $134,000 after acquiring an additional 135 shares during the period. Finally, Aviance Capital Partners LLC raised its holdings in shares of Corteva by 1.3% in the first quarter. Aviance Capital Partners LLC now owns 11,008 shares of the company’s stock valued at $922,000 after buying an additional 137 shares during the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer upped their price objective on shares of Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada upped their target price on Corteva from $97.00 to $103.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. BNP Paribas Exane increased their price target on shares of Corteva from $74.00 to $77.00 in a research report on Wednesday, May 6th. Mizuho lifted their price objective on Corteva from $96.00 to $97.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group lifted their target price on shares of Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Corteva has a consensus rating of “Moderate Buy” and a consensus price target of $91.70.

Corteva Stock Down 1.2%

Shares of NYSE CTVA opened at $75.73 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $90.97. The stock’s 50-day simple moving average is $81.78 and its 200-day simple moving average is $80.09. The firm has a market cap of $50.53 billion, a price-to-earnings ratio of 50.15, a PEG ratio of 2.35 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, equities analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 1st. Corteva’s payout ratio is 47.68%.

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.