V Square Quantitative Management LLC Has $293,000 Stock Position in Corteva, Inc. (NYSE:CTVA)

V Square Quantitative Management LLC increased its position in Corteva, Inc. (NYSE:CTVA) by 31.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,991 shares of the company’s stock after buying an additional 1,191 shares during the period. V Square Quantitative Management LLC’s holdings in Corteva were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in Corteva in the first quarter valued at approximately $25,000. Acadian Asset Management LLC acquired a new position in Corteva during the first quarter worth $25,000. Albion Financial Group UT lifted its stake in shares of Corteva by 77.2% in the first quarter. Albion Financial Group UT now owns 505 shares of the company’s stock valued at $29,000 after buying an additional 220 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Corteva during the second quarter valued at about $34,000. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of Corteva during the second quarter worth about $43,000. 81.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CTVA. Bank of America raised shares of Corteva from a “neutral” rating to a “buy” rating and raised their price target for the company from $59.00 to $67.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on Corteva from $57.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. KeyCorp decreased their price target on Corteva from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Argus lowered Corteva from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $65.00 price objective on shares of Corteva in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Corteva has a consensus rating of “Moderate Buy” and a consensus target price of $62.21.

Corteva Stock Performance

Shares of CTVA opened at $59.41 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.17. The firm has a market cap of $41.41 billion, a PE ratio of 75.20, a PEG ratio of 1.66 and a beta of 0.77. Corteva, Inc. has a 1 year low of $43.22 and a 1 year high of $59.68. The stock’s fifty day moving average price is $56.36 and its two-hundred day moving average price is $55.06.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. The business had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.15 billion. Corteva had a net margin of 5.31% and a return on equity of 7.30%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. On average, equities research analysts forecast that Corteva, Inc. will post 2.66 EPS for the current year.

Corteva Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from Corteva’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.14%. Corteva’s dividend payout ratio (DPR) is 86.08%.

About Corteva

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.