Asset Management One Co. Ltd. Boosts Position in Corteva, Inc. (NYSE:CTVA)

Asset Management One Co. Ltd. lifted its holdings in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 26.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 334,294 shares of the company's stock after purchasing an additional 70,025 shares during the period. Asset Management One Co. Ltd.'s holdings in Corteva were worth $21,037,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CTVA. Lake Street Advisors Group LLC boosted its position in Corteva by 3.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,514 shares of the company's stock valued at $257,000 after buying an additional 160 shares during the period. Sepio Capital LP boosted its position in Corteva by 3.2% during the 4th quarter. Sepio Capital LP now owns 5,361 shares of the company's stock valued at $305,000 after buying an additional 166 shares during the period. Allred Capital Management LLC boosted its position in Corteva by 3.2% during the 4th quarter. Allred Capital Management LLC now owns 5,447 shares of the company's stock valued at $310,000 after buying an additional 171 shares during the period. PFG Investments LLC boosted its position in Corteva by 1.4% during the 1st quarter. PFG Investments LLC now owns 12,867 shares of the company's stock valued at $810,000 after buying an additional 180 shares during the period. Finally, Foster Group Inc. boosted its position in Corteva by 2.6% during the 1st quarter. Foster Group Inc. now owns 7,810 shares of the company's stock valued at $491,000 after buying an additional 199 shares during the period. Institutional investors own 81.54% of the company's stock.

Corteva Stock Performance

Shares of Corteva stock traded up $0.08 during midday trading on Friday, hitting $74.38. The company had a trading volume of 5,390,596 shares, compared to its average volume of 3,401,781. The stock has a market cap of $50.74 billion, a price-to-earnings ratio of 45.35, a PEG ratio of 1.90 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. The company has a fifty day simple moving average of $68.27 and a 200 day simple moving average of $63.27. Corteva, Inc. has a 12-month low of $50.30 and a 12-month high of $75.07.

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

Corteva Announces Dividend

The firm 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. This represents a $0.68 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Monday, June 2nd. Corteva's dividend payout ratio is presently 41.46%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CTVA shares. KeyCorp increased their price target 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. 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 research report on Monday. Morgan Stanley lifted their price target on shares of Corteva from $65.00 to $71.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Argus raised shares of Corteva from a "hold" rating to a "buy" rating and set a $69.00 target price for the company in a report on Monday, March 31st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Corteva in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $72.08.

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.