Cetera Advisors LLC Buys 4,757 Shares of Corteva, Inc. (NYSE:CTVA)

Cetera Advisors LLC grew its stake in shares of Corteva, Inc. (NYSE:CTVA) by 23.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,798 shares of the company’s stock after acquiring an additional 4,757 shares during the quarter. Cetera Advisors LLC’s holdings in Corteva were worth $1,421,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barrett & Company Inc. purchased a new stake in shares of Corteva during the first quarter valued at $29,000. Carolinas Wealth Consulting LLC boosted its position in shares of Corteva by 454.5% during the first quarter. Carolinas Wealth Consulting LLC now owns 610 shares of the company’s stock valued at $35,000 after buying an additional 500 shares during the last quarter. Ellevest Inc. boosted its position in shares of Corteva by 239.4% during the first quarter. Ellevest Inc. now owns 611 shares of the company’s stock valued at $37,000 after buying an additional 431 shares during the last quarter. Quilter Plc purchased a new stake in shares of Corteva during the first quarter valued at $611,688,000. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of Corteva during the first quarter valued at $399,252,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Corteva

In related news, EVP Robert D. King bought 640 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $46.77 per share, for a total transaction of $29,932.80. Following the acquisition, the executive vice president now owns 59,701 shares in the company, valued at $2,792,215.77. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Robert D. King bought 640 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $46.77 per share, for a total transaction of $29,932.80. Following the acquisition, the executive vice president now owns 59,701 shares in the company, valued at $2,792,215.77. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David J. Anderson bought 2,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $52.97 per share, with a total value of $105,940.00. Following the acquisition, the chief financial officer now owns 65,308 shares in the company, valued at approximately $3,459,364.76. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 2,990 shares of company stock worth $151,066. 0.14% of the stock is currently owned by company insiders.

Corteva Stock Down 1.0 %

Shares of CTVA opened at $46.86 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 0.09. Corteva, Inc. has a 12-month low of $43.22 and a 12-month high of $67.55. The business’s 50 day moving average is $49.58 and its 200 day moving average is $53.02. The company has a market capitalization of $33.02 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 1.39 and a beta of 0.80.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. Corteva had a return on equity of 7.47% and a net margin of 5.38%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the company posted ($0.12) EPS. The company’s revenue was down 6.7% compared to the same quarter last year. Research analysts expect that Corteva, Inc. will post 2.61 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, November 30th. Corteva’s dividend payout ratio (DPR) is 49.23%.

Analyst Ratings Changes

CTVA has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Corteva from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, August 7th. UBS Group raised Corteva from a “neutral” rating to a “buy” rating and raised their target price for the stock from $63.00 to $67.00 in a research report on Tuesday, September 5th. Wells Fargo & Company dropped their target price on Corteva from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Monday, October 23rd. Oppenheimer raised Corteva from a “market perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a research report on Friday, October 20th. Finally, Redburn Partners cut Corteva from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.44.

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.