Corteva, Inc. (NYSE:CTVA) Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its holdings in Corteva, Inc. (NYSE:CTVA) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,717 shares of the company’s stock after selling 958 shares during the quarter. Whittier Trust Co.’s holdings in Corteva were worth $1,387,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CTVA. International Assets Investment Management LLC acquired a new position in Corteva in the 4th quarter valued at $4,852,000. Choreo LLC purchased a new stake in shares of Corteva during the 4th quarter worth $286,000. Kestra Private Wealth Services LLC boosted its position in shares of Corteva by 9.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 39,283 shares of the company’s stock worth $1,882,000 after purchasing an additional 3,431 shares in the last quarter. Concord Wealth Partners boosted its position in shares of Corteva by 9.5% in the 4th quarter. Concord Wealth Partners now owns 3,917 shares of the company’s stock worth $188,000 after buying an additional 341 shares in the last quarter. Finally, Searle & CO. boosted its position in shares of Corteva by 2.2% in the 4th quarter. Searle & CO. now owns 16,208 shares of the company’s stock worth $777,000 after buying an additional 351 shares in the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTVA has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of Corteva from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. OTR Global reiterated a “negative” rating on shares of Corteva in a research report on Friday, June 7th. BMO Capital Markets boosted their price objective on shares of 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 boosted their price objective on shares of Corteva from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Argus lowered shares of Corteva from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $61.67.

Corteva Trading Up 1.8 %

NYSE CTVA opened at $57.00 on Friday. Corteva, Inc. has a 12 month low of $43.22 and a 12 month high of $58.76. The company has a 50-day moving average of $53.40 and a 200-day moving average of $54.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 0.97. The company has a market cap of $39.73 billion, a P/E ratio of 72.15, a P/E/G ratio of 1.46 and a beta of 0.77.

Corteva (NYSE:CTVA) last posted its earnings results on Wednesday, July 31st. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $6.11 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 EPS. As a group, equities analysts predict that Corteva, Inc. will post 2.73 earnings per share for the current year.

Corteva Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is an increase from Corteva’s previous quarterly dividend of $0.16. Corteva’s dividend payout ratio is 86.08%.

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.