Universal Beteiligungs und Servicegesellschaft mbH Acquires 103,632 Shares of Corteva, Inc. (NYSE:CTVA)

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 26.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 491,250 shares of the company's stock after buying an additional 103,632 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Corteva worth $30,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CTVA. Sepio Capital LP lifted its holdings in shares of 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 in the last quarter. Allred Capital Management LLC raised 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 worth $310,000 after buying an additional 171 shares during the period. Signaturefd LLC lifted its stake in Corteva by 1.9% in the first quarter. Signaturefd LLC now owns 9,353 shares of the company's stock valued at $589,000 after buying an additional 172 shares in the last quarter. NTV Asset Management LLC boosted its holdings in shares of Corteva by 3.3% in the first quarter. NTV Asset Management LLC now owns 5,457 shares of the company's stock valued at $343,000 after buying an additional 173 shares during the period. Finally, Avantax Planning Partners Inc. increased its position in shares of Corteva by 4.1% during the first quarter. Avantax Planning Partners Inc. now owns 4,539 shares of the company's stock worth $286,000 after acquiring an additional 178 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CTVA. KeyCorp boosted their price objective on shares of Corteva from $72.00 to $84.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Oppenheimer set a $87.00 price target on Corteva and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Argus raised Corteva from a "hold" rating to a "buy" rating and set a $69.00 price objective for the company in a research report on Monday, March 31st. UBS Group increased their price objective on Corteva from $76.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, BMO Capital Markets boosted their target price on Corteva from $74.00 to $86.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Three equities research 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $77.38.

Corteva Stock Performance

Shares of CTVA stock traded up $0.29 during trading on Friday, reaching $73.41. 2,667,955 shares of the company's stock were exchanged, compared to its average volume of 3,521,346. Corteva, Inc. has a twelve month low of $50.30 and a twelve month high of $77.41. The firm's fifty day moving average price is $72.84 and its 200-day moving average price is $65.78. 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 stock has a market capitalization of $50.08 billion, a PE ratio of 44.76, a PEG ratio of 1.77 and a beta of 0.76.

Corteva (NYSE:CTVA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.25. The company had revenue of $4.42 billion during 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 quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. As a group, sell-side analysts anticipate that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Dividend Announcement

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

About Corteva

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.