Corteva, Inc. (NYSE:CTVA) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC lessened its position in Corteva, Inc. (NYSE:CTVA) by 9.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,130 shares of the company’s stock after selling 512 shares during the quarter. NTV Asset Management LLC’s holdings in Corteva were worth $246,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI boosted its position in Corteva by 2.6% in the 4th quarter. National Bank of Canada FI now owns 187,242 shares of the company’s stock valued at $9,092,000 after buying an additional 4,691 shares during the period. AJOVista LLC acquired a new position in Corteva during the 4th quarter worth $158,000. Baxter Bros Inc. increased its holdings in Corteva by 1.2% during the 4th quarter. Baxter Bros Inc. now owns 17,576 shares of the company’s stock worth $842,000 after purchasing an additional 215 shares during the period. Axxcess Wealth Management LLC raised its position in Corteva by 48.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 44,275 shares of the company’s stock valued at $2,122,000 after purchasing an additional 14,445 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Corteva by 46.1% in the fourth quarter. Fisher Asset Management LLC now owns 9,856 shares of the company’s stock valued at $472,000 after acquiring an additional 3,111 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analysts Set New Price Targets

CTVA has been the topic of a number of analyst reports. UBS Group cut their price target on Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 price target (down from $58.00) on shares of Corteva in a report on Friday, April 12th. Barclays raised their price objective on shares of Corteva from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. BNP Paribas upgraded shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Friday, February 2nd. Finally, BMO Capital Markets increased their target price on shares of Corteva from $64.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.38.

Corteva Stock Performance

Corteva stock traded up $0.18 during mid-day trading on Friday, reaching $57.16. 2,977,563 shares of the company were exchanged, compared to its average volume of 2,761,026. The firm’s 50-day simple moving average is $55.37 and its two-hundred day simple moving average is $50.65. Corteva, Inc. has a twelve month low of $43.22 and a twelve month high of $60.57. The firm has a market cap of $39.95 billion, a PE ratio of 72.35, a price-to-earnings-growth ratio of 1.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 1.51.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. Corteva had a return on equity of 6.68% and a net margin of 3.32%. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. Equities analysts predict that Corteva, Inc. will post 2.83 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.64 annualized dividend and a yield of 1.12%. Corteva’s dividend payout ratio is currently 81.01%.

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.