Corteva, Inc. $CTVA Shares Sold by National Pension Service

National Pension Service reduced its position in shares of Corteva, Inc. (NYSE:CTVA) by 3.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,080,591 shares of the company’s stock after selling 44,221 shares during the period. National Pension Service’s holdings in Corteva were worth $91,515,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. EFG International AG purchased a new stake in shares of Corteva in the 2nd quarter valued at $25,000. Compass Financial Management LLC purchased a new position in Corteva during the 2nd quarter valued at about $25,000. JPL Wealth Management LLC acquired a new position in Corteva in the 3rd quarter valued at about $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in Corteva during the fourth quarter worth about $27,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Corteva during the fourth quarter worth about $28,000. 81.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. BMO Capital Markets boosted their price target on shares of Corteva from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Mizuho upped their price objective on Corteva from $96.00 to $97.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on Corteva from $77.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered Corteva from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Corteva Price Performance

Shares of CTVA opened at $84.43 on Friday. The firm has a market capitalization of $56.33 billion, a price-to-earnings ratio of 55.92, a PEG ratio of 2.60 and a beta of 0.57. The firm’s fifty day simple moving average is $83.54 and its 200-day simple moving average is $81.31. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $90.97. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%.Corteva’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 EPS. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Equities analysts forecast that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s payout ratio is presently 47.68%.

Corteva Profile

Corteva, Inc is a global agricultural science company that develops and supplies seed, crop protection and digital agriculture solutions. Its products are designed to help farmers improve crop productivity, manage pests and weeds, and address changing environmental and agricultural conditions.

The company’s seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crop varieties marketed under brands such as Pioneer and Brevant. Corteva also provides herbicides, insecticides, fungicides and biological products, including solutions associated with its Enlist weed-control system and other crop protection technologies.

Corteva serves farmers, agricultural retailers and other customers across North America, Latin America, Europe, Asia and other international markets.