First Command Advisory Services Inc. Sells 197 Shares of Corteva, Inc. (NYSE:CTVA)

First Command Advisory Services Inc. lessened its holdings in Corteva, Inc. (NYSE:CTVA) by 19.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 823 shares of the company’s stock after selling 197 shares during the period. First Command Advisory Services Inc.’s holdings in Corteva were worth $44,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. &PARTNERS increased its holdings in Corteva by 4.3% in the 1st quarter. &PARTNERS now owns 4,829 shares of the company’s stock valued at $278,000 after acquiring an additional 200 shares during the last quarter. Herr Investment Group LLC increased its holdings in shares of Corteva by 2.8% in the first quarter. Herr Investment Group LLC now owns 7,400 shares of the company’s stock worth $427,000 after purchasing an additional 200 shares during the last quarter. Baxter Bros Inc. boosted its stake in Corteva by 1.2% during the fourth quarter. Baxter Bros Inc. now owns 17,576 shares of the company’s stock valued at $842,000 after buying an additional 215 shares during the last quarter. Albion Financial Group UT grew its holdings in Corteva by 77.2% during the 1st 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. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Corteva by 1.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 17,986 shares of the company’s stock worth $1,037,000 after acquiring an additional 227 shares during the last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CTVA shares. Wells Fargo & Company reduced their target price on shares of Corteva from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada raised their price objective on Corteva from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. OTR Global reissued a “negative” rating on shares of Corteva in a research report on Friday, June 7th. BMO Capital Markets lifted their price objective on shares of Corteva from $64.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group increased their target price on shares of Corteva from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Corteva presently has a consensus rating of “Moderate Buy” and an average target price of $61.67.

Corteva Stock Performance

CTVA stock opened at $55.65 on Tuesday. Corteva, Inc. has a one year low of $43.22 and a one year high of $58.76. The firm has a market cap of $38.79 billion, a price-to-earnings ratio of 70.44, a PEG ratio of 1.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.72. The firm has a 50-day simple moving average of $53.24 and a two-hundred day simple moving average of $54.50.

Corteva (NYSE:CTVA) last announced its earnings results on Wednesday, July 31st. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. Corteva had a net margin of 5.31% and a return on equity of 7.30%. The company had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same period last year, the firm earned $1.60 earnings per share. Corteva’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that Corteva, Inc. will post 2.73 EPS for the current fiscal year.

Corteva Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.17 per share. This is a positive change from Corteva’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. Corteva’s payout ratio is presently 86.08%.

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.