State of Tennessee Department of Treasury Boosts Stock Position in Corteva, Inc. (NYSE:CTVA)

State of Tennessee Department of Treasury lifted its position in Corteva, Inc. (NYSE:CTVA - Free Report) by 80.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,433 shares of the company's stock after buying an additional 112,773 shares during the quarter. State of Tennessee Department of Treasury's holdings in Corteva were worth $14,379,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CTVA. Chicago Partners Investment Group LLC raised its stake in shares of Corteva by 1.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 13,282 shares of the company's stock worth $759,000 after purchasing an additional 156 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Corteva by 3.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 4,521 shares of the company's stock worth $258,000 after buying an additional 157 shares during the last quarter. Beacon Capital Management LLC grew its holdings in shares of Corteva by 13.4% in the fourth quarter. Beacon Capital Management LLC now owns 1,341 shares of the company's stock valued at $76,000 after acquiring an additional 158 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of Corteva by 3.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,514 shares of the company's stock valued at $257,000 after acquiring an additional 160 shares during the last quarter. Finally, Roble Belko & Company Inc lifted its holdings in Corteva by 5.5% during the fourth quarter. Roble Belko & Company Inc now owns 3,166 shares of the company's stock worth $180,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 81.54% of the company's stock.

Corteva Trading Down 0.0 %

Shares of NYSE:CTVA traded down $0.01 during trading on Monday, reaching $61.46. 707,886 shares of the company traded hands, compared to its average volume of 3,315,189. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of 47.59, a P/E/G ratio of 1.68 and a beta of 0.73. Corteva, Inc. has a 52-week low of $50.01 and a 52-week high of $66.24. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08. The business's fifty day moving average is $60.71 and its 200-day moving average is $60.44.

Corteva (NYSE:CTVA - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. As a group, analysts forecast that Corteva, Inc. will post 2.96 EPS for the current year.

Insider Activity at Corteva

In other news, insider Brian Titus sold 26,560 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total value of $1,692,934.40. Following the transaction, the insider now owns 11,347 shares in the company, valued at approximately $723,257.78. This represents a 70.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Argus upgraded shares of Corteva from a "hold" rating to a "buy" rating and set a $69.00 target price for the company in a research note on Monday, March 31st. Wells Fargo & Company increased their target price on Corteva from $67.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Bank of America lifted their price target on Corteva from $69.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Royal Bank of Canada increased their price objective on Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, Citigroup lifted their target price on Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Corteva currently has an average rating of "Moderate Buy" and an average price target of $68.13.

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.