Corteva, Inc. (NYSE:CTVA) Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC raised its position in Corteva, Inc. (NYSE:CTVA) by 20.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,435 shares of the company’s stock after purchasing an additional 1,074 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Corteva were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC increased its position in Corteva by 2,522.2% in the 1st quarter. Rise Advisors LLC now owns 472 shares of the company’s stock valued at $27,000 after acquiring an additional 454 shares during the period. CVA Family Office LLC acquired a new position in shares of Corteva during the fourth quarter valued at $25,000. Ironwood Wealth Management Inc. raised its stake in shares of Corteva by 106.1% during the first quarter. Ironwood Wealth Management Inc. now owns 544 shares of the company’s stock valued at $31,000 after purchasing an additional 280 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Corteva in the fourth quarter worth about $29,000. Finally, BKM Wealth Management LLC bought a new position in Corteva in the 4th quarter valued at about $27,000. Institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CTVA shares. Wells Fargo & Company boosted their price target on shares of Corteva from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. BMO Capital Markets upped their target price on Corteva from $64.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Canaccord Genuity Group lifted their price target on Corteva from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Mizuho cut their price objective on Corteva from $61.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Finally, Royal Bank of Canada raised their target price on Corteva from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Corteva Stock Up 0.5 %

Shares of NYSE:CTVA opened at $53.94 on Monday. The firm has a 50 day simple moving average of $54.77 and a 200 day simple moving average of $52.83. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $58.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.51. The company has a market cap of $37.59 billion, a PE ratio of 68.28, a price-to-earnings-growth ratio of 1.44 and a beta of 0.78.

Corteva (NYSE:CTVA) last announced its earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.65 billion. Corteva had a net margin of 3.32% and a return on equity of 6.68%. The company’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. As a group, research analysts expect that Corteva, Inc. will post 2.8 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.64 dividend on an annualized basis and a yield of 1.19%. Corteva’s payout ratio is presently 81.01%.

Insider Buying and Selling at Corteva

In other news, insider Samuel R. Eathington sold 31,686 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $57.64, for a total value of $1,826,381.04. Following the completion of the sale, the insider now directly owns 53,854 shares of the company’s stock, valued at $3,104,144.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Samuel R. Eathington sold 31,686 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $57.64, for a total transaction of $1,826,381.04. Following the completion of the sale, the insider now directly owns 53,854 shares in the company, valued at $3,104,144.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian Titus sold 12,134 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $56.65, for a total value of $687,391.10. Following the completion of the transaction, the insider now owns 13,495 shares in the company, valued at approximately $764,491.75. The disclosure for this sale can be found here. Insiders have sold a total of 83,556 shares of company stock valued at $4,795,016 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

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.