Oxbow Advisors LLC Boosts Stock Position in Corteva, Inc. $CTVA

Oxbow Advisors LLC lifted its position in shares of Corteva, Inc. (NYSE:CTVA) by 88.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 95,189 shares of the company’s stock after buying an additional 44,672 shares during the quarter. Oxbow Advisors LLC’s holdings in Corteva were worth $7,968,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. HB Wealth Management LLC increased its position in Corteva by 8.4% during the first quarter. HB Wealth Management LLC now owns 23,694 shares of the company’s stock worth $1,983,000 after purchasing an additional 1,829 shares during the last quarter. Plimoth Trust Co. LLC acquired a new position in shares of Corteva in the 1st quarter valued at $210,000. PFG Investments LLC grew its stake in shares of Corteva by 36.3% during the 1st quarter. PFG Investments LLC now owns 16,646 shares of the company’s stock valued at $1,393,000 after buying an additional 4,432 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Corteva during the 1st quarter valued at $258,000. Finally, Private Advisor Group LLC increased its holdings in shares of Corteva by 0.8% during the 1st quarter. Private Advisor Group LLC now owns 28,310 shares of the company’s stock worth $2,370,000 after buying an additional 236 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

Several research analysts recently weighed in on CTVA shares. Rothschild & Co Redburn increased their target price on Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citigroup boosted their price target on Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upped their price target on Corteva from $90.00 to $100.00 in a research note on Monday, May 11th. Wells Fargo & Company lifted their price objective on Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Oppenheimer lifted their price objective on Corteva from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $88.90.

Corteva Stock Performance

Shares of CTVA stock opened at $85.63 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. The company has a market cap of $57.27 billion, a PE ratio of 50.37, a P/E/G ratio of 2.62 and a beta of 0.56. The company’s fifty day simple moving average is $79.80 and its 200-day simple moving average is $76.86. Corteva, Inc. has a 52 week low of $60.53 and a 52 week high of $85.95.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The firm had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the company earned $1.13 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, equities research analysts anticipate that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Corteva’s dividend payout ratio is presently 42.35%.

Corteva Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.