Bryn Mawr Capital Management LLC Sells 10,743 Shares of Corteva, Inc. (NYSE:CTVA)

Bryn Mawr Capital Management LLC reduced its position in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 27.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,155 shares of the company's stock after selling 10,743 shares during the period. Bryn Mawr Capital Management LLC's holdings in Corteva were worth $1,772,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Sepio Capital LP increased its holdings 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 purchasing an additional 166 shares during the period. Allred Capital Management LLC increased its holdings 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 purchasing an additional 171 shares during the period. Signaturefd LLC increased its holdings in Corteva by 1.9% during the 1st quarter. Signaturefd LLC now owns 9,353 shares of the company's stock valued at $589,000 after purchasing an additional 172 shares during the period. NTV Asset Management LLC increased its holdings in Corteva by 3.3% during the 1st quarter. NTV Asset Management LLC now owns 5,457 shares of the company's stock valued at $343,000 after purchasing an additional 173 shares during the period. Finally, Avantax Planning Partners Inc. increased its holdings in Corteva by 4.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 4,539 shares of the company's stock valued at $286,000 after purchasing an additional 178 shares during the period. 81.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTVA has been the topic of a number of research analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Corteva in a report on Friday, June 6th. BMO Capital Markets increased their target price on Corteva from $74.00 to $86.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. UBS Group lifted their price target on Corteva from $76.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Citigroup upped their price target on Corteva from $75.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Barclays raised their price objective on Corteva from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Corteva has an average rating of "Moderate Buy" and an average price target of $77.38.

Corteva Stock Up 1.3%

CTVA stock traded up $0.91 during midday trading on Wednesday, hitting $73.00. The company's stock had a trading volume of 4,036,171 shares, compared to its average volume of 3,449,999. The company has a market cap of $49.80 billion, a PE ratio of 44.51, a P/E/G ratio of 1.87 and a beta of 0.76. Corteva, Inc. has a 12 month low of $50.30 and a 12 month high of $77.41. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm's 50-day moving average is $71.85 and its 200-day moving average is $64.86.

Corteva (NYSE:CTVA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.25. The business 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%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. On average, equities research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 2nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Monday, June 2nd. Corteva's dividend payout ratio is currently 41.46%.

Corteva 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.