Artemis Investment Management LLP Has $68.82 Million Stock Position in Corteva, Inc. (NYSE:CTVA)

Artemis Investment Management LLP increased its holdings in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,093,570 shares of the company's stock after buying an additional 46,467 shares during the period. Corteva accounts for about 1.1% of Artemis Investment Management LLP's investment portfolio, making the stock its 28th biggest holding. Artemis Investment Management LLP owned approximately 0.16% of Corteva worth $68,818,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Flagship Wealth Advisors LLC acquired a new stake in shares of Corteva in the 4th quarter valued at approximately $25,000. Noble Wealth Management PBC bought a new stake in shares of Corteva in the 4th quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in Corteva during the 4th quarter worth $27,000. LGT Financial Advisors LLC acquired a new position in Corteva in the fourth quarter valued at about $31,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Corteva in the fourth quarter worth about $37,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CTVA. Wells Fargo & Company raised their target price on shares of Corteva from $79.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday. Oppenheimer reissued an "outperform" rating and issued a $75.00 target price (up previously from $72.00) on shares of Corteva in a research report on Friday, May 9th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Corteva in a research report on Friday, June 6th. Barclays boosted their price objective on shares of Corteva from $64.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Finally, KeyCorp raised their target price on shares of Corteva from $71.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $72.08.

Corteva Price Performance

CTVA stock opened at $74.37 on Friday. The company's 50-day moving average price is $68.27 and its two-hundred day moving average price is $63.27. The firm has a market cap of $50.74 billion, a P/E ratio of 45.35, a P/E/G ratio of 1.87 and a beta of 0.75. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 12 month low of $50.30 and a 12 month high of $75.05.

Corteva (NYSE:CTVA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.25. The company had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.56 billion. Corteva had a net margin of 6.77% and a return on equity of 7.84%. Corteva's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 0.91%. Corteva's dividend payout ratio (DPR) is currently 41.46%.

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.

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