Kestra Private Wealth Services LLC Buys 3,431 Shares of Corteva, Inc. (NYSE:CTVA)

Kestra Private Wealth Services LLC grew its stake in shares of Corteva, Inc. (NYSE:CTVAFree Report) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,283 shares of the company’s stock after buying an additional 3,431 shares during the period. Kestra Private Wealth Services LLC’s holdings in Corteva were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC bought a new stake in shares of Corteva during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC increased its position in Corteva by 70.6% in the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its position in Corteva by 234.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares during the last quarter. BKM Wealth Management LLC bought a new stake in Corteva in the fourth quarter worth $27,000. Finally, Naples Money Management LLC bought a new stake in Corteva in the fourth quarter worth $31,000. Institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CTVA shares. KeyCorp boosted their price target on shares of Corteva from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Mizuho boosted their price target on shares of Corteva from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their price target on shares of Corteva from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. UBS Group reduced their price target on shares of Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Finally, TheStreet upgraded shares of Corteva from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Corteva has an average rating of “Moderate Buy” and a consensus price target of $63.52.

Read Our Latest Stock Analysis on Corteva

Corteva Stock Up 5.7 %

NYSE:CTVA opened at $56.98 on Friday. Corteva, Inc. has a 1-year low of $43.22 and a 1-year high of $61.07. The company has a 50-day moving average of $55.33 and a 200 day moving average of $50.61. The firm has a market cap of $39.82 billion, a PE ratio of 55.86, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90.

Corteva (NYSE:CTVAGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Corteva, Inc. will post 2.84 EPS for the current fiscal year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, June 4th. Corteva’s dividend payout ratio (DPR) is presently 62.75%.

Corteva Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Corteva (NYSE:CTVA)

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