Corteva, Inc. $CTVA Shares Sold by National Pension Service

Key Points

• National Pension Service reduced its Corteva stake by 3.9% in the second quarter, selling 44,221 shares and retaining 1.08 million shares worth approximately $91.5 million. Institutional investors collectively own 81.54% of the company.
• Analyst sentiment remains favorable, with 14 Buy ratings and 9 Hold ratings producing a “Moderate Buy” consensus and an average price target of $91.50.
• Corteva reported quarterly EPS of $2.30, beating estimates, though revenue fell 1.2% year over year to $6.38 billion. The company also declared a quarterly dividend of $0.18 per share, equivalent to a 0.9% yield.

National Pension Service trimmed its position in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 3.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,080,591 shares of the company's stock after selling 44,221 shares during the quarter. National Pension Service owned approximately 0.16% of Corteva worth $91,515,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTVA. EFG International AG purchased a new stake in shares of Corteva during the second quarter worth $25,000. Compass Financial Management LLC purchased a new position in shares of Corteva in the second quarter worth about $25,000. JPL Wealth Management LLC purchased a new position in shares of Corteva in the third quarter worth about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in Corteva during the fourth quarter worth about $27,000. Finally, Bank of Jackson Hole Trust acquired a new position in Corteva during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 81.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTVA. Morgan Stanley increased their price objective on shares of Corteva from $84.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Zacks Research lowered Corteva from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Citigroup increased their price target on Corteva from $85.00 to $86.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings lowered Corteva from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, Oppenheimer upped their target price on Corteva from $89.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Corteva Stock Down 0.4%

Shares of NYSE CTVA opened at $84.43 on Friday. The company has a market capitalization of $56.33 billion, a P/E ratio of 55.92, a P/E/G ratio of 2.60 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10. The company has a 50 day simple moving average of $83.54 and a 200-day simple moving average of $81.31. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $90.97.

Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. The firm had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 earnings per share. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, equities research analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Corteva's dividend payout ratio is 47.68%.

Corteva Profile

Corteva, Inc is a global agricultural science company that develops and supplies seed, crop protection and digital agriculture solutions. Its products are designed to help farmers improve crop productivity, manage pests and weeds, and address changing environmental and agricultural conditions.

The company's seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crop varieties marketed under brands such as Pioneer and Brevant. Corteva also provides herbicides, insecticides, fungicides and biological products, including solutions associated with its Enlist weed-control system and other crop protection technologies.

Corteva serves farmers, agricultural retailers and other customers across North America, Latin America, Europe, Asia and other international markets.

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