Proficio Capital Partners LLC Buys New Holdings in Corteva, Inc. $CTVA

Proficio Capital Partners LLC bought a new position in Corteva, Inc. (NYSE:CTVA) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 7,814 shares of the company’s stock, valued at approximately $662,000.

A number of other institutional investors have also recently bought and sold shares of the business. EFG International AG acquired a new position in shares of Corteva in the 2nd quarter valued at $25,000. Compass Financial Management LLC bought a new stake in Corteva in the second quarter valued at about $25,000. JPL Wealth Management LLC acquired a new position in Corteva in the third quarter worth about $25,000. Garton & Associates Financial Advisors LLC bought a new position in Corteva during the fourth quarter worth about $27,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Corteva during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Corteva Stock Up 2.7%

Shares of CTVA opened at $90.07 on Thursday. The firm has a market capitalization of $60.09 billion, a price-to-earnings ratio of 59.65, a PEG ratio of 2.69 and a beta of 0.57. Corteva, Inc. has a 52 week low of $60.53 and a 52 week high of $90.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52. The business’s fifty day moving average price is $83.17 and its two-hundred day moving average price is $80.86.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.20 earnings per share. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Corteva’s dividend payout ratio (DPR) is 47.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. CICC Research increased their target price on Corteva from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price objective on Corteva from $77.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. BMO Capital Markets boosted their target price on shares of Corteva from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Jefferies Financial Group raised their price objective on shares of Corteva from $95.00 to $97.00 in a report on Thursday, May 7th. Finally, Oppenheimer boosted their target price on Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.50.

About Corteva

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.