Chilton Capital Management LLC raised its position in Corteva, Inc. (NYSE:CTVA - Free Report) by 94,962.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,646 shares of the company's stock after buying an additional 372,254 shares during the quarter. Chilton Capital Management LLC owned about 0.05% of Corteva worth $23,451,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Corteva by 307.2% in the 4th quarter. Brighton Jones LLC now owns 15,588 shares of the company's stock valued at $888,000 after purchasing an additional 11,760 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Corteva by 7.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,577 shares of the company's stock worth $1,856,000 after buying an additional 2,334 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Corteva during the 4th quarter valued at $7,564,000. Raymond James Financial Inc. purchased a new position in Corteva in the fourth quarter worth $161,052,000. Finally, Candriam S.C.A. raised its position in Corteva by 14.4% during the fourth quarter. Candriam S.C.A. now owns 33,520 shares of the company's stock valued at $1,909,000 after purchasing an additional 4,224 shares in the last quarter. Institutional investors own 81.54% of the company's stock.
Corteva Trading Down 0.8%
NYSE CTVA traded down $0.59 during trading hours on Monday, reaching $76.53. The company had a trading volume of 2,461,531 shares, compared to its average volume of 3,402,658. Corteva, Inc. has a 1-year low of $50.30 and a 1-year high of $78.15. The stock has a market capitalization of $52.21 billion, a P/E ratio of 46.66, a price-to-earnings-growth ratio of 1.97 and a beta of 0.76. The stock has a 50-day moving average of $70.10 and a 200 day moving average of $64.06. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.
Corteva (NYSE:CTVA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.25. Corteva had a return on equity of 7.84% and a net margin of 6.77%. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the previous year, the company posted $0.89 EPS. Corteva's revenue was down 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.
Corteva Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 2nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.68 annualized dividend and a dividend yield of 0.89%. Corteva's dividend payout ratio (DPR) is currently 41.46%.
Analyst Ratings Changes
Several equities analysts have recently commented on CTVA shares. Citigroup upped their price objective on shares of Corteva from $75.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Morgan Stanley raised their price objective on Corteva from $65.00 to $71.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Argus upgraded shares of Corteva from a "hold" rating to a "buy" rating and set a $69.00 price objective for the company in a research note on Monday, March 31st. Jefferies Financial Group reiterated a "buy" rating on shares of Corteva in a report on Friday, June 6th. Finally, The Goldman Sachs Group assumed coverage on Corteva in a research report on Thursday, March 13th. They issued a "buy" rating and a $71.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $72.50.
Get Our Latest Analysis on Corteva
About Corteva
(
Free Report)
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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