Goodman Advisory Group LLC Has $360,000 Stake in Corteva, Inc. (NYSE:CTVA)

Goodman Advisory Group LLC trimmed its stake in shares of Corteva, Inc. (NYSE:CTVA) by 87.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,680 shares of the company’s stock after selling 45,415 shares during the quarter. Goodman Advisory Group LLC’s holdings in Corteva were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Orion Portfolio Solutions LLC lifted its holdings in Corteva by 5.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 29,334 shares of the company’s stock valued at $1,379,000 after purchasing an additional 1,506 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Corteva by 3.5% in the 4th quarter. TD Asset Management Inc now owns 434,296 shares of the company’s stock worth $20,811,000 after acquiring an additional 14,683 shares in the last quarter. Stifel Financial Corp grew its position in Corteva by 8.1% during the 4th quarter. Stifel Financial Corp now owns 346,599 shares of the company’s stock worth $16,609,000 after acquiring an additional 25,852 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new stake in Corteva during the 4th quarter valued at $215,000. Finally, Fiduciary Trust Co raised its position in Corteva by 12.8% in the 4th quarter. Fiduciary Trust Co now owns 9,528 shares of the company’s stock valued at $457,000 after purchasing an additional 1,078 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Argus downgraded shares of Corteva from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Mizuho lowered their price target on shares of Corteva from $61.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. OTR Global reaffirmed a “negative” rating on shares of Corteva in a report on Friday, June 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $65.00 target price on shares of Corteva in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.94.

Corteva Price Performance

NYSE:CTVA opened at $58.58 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $55.02 and a 200 day simple moving average of $54.88. Corteva, Inc. has a 1-year low of $43.22 and a 1-year high of $59.08. The stock has a market capitalization of $40.83 billion, a PE ratio of 74.15, a P/E/G ratio of 1.68 and a beta of 0.77.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Corteva had a return on equity of 7.30% and a net margin of 5.31%. Corteva’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $1.60 earnings per share. On average, research analysts expect that Corteva, Inc. will post 2.69 EPS for the current fiscal year.

Corteva Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.17 per share. This is an increase from Corteva’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 1.16%. Corteva’s dividend payout ratio (DPR) is currently 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.