Free Trial

Envestnet Asset Management Inc. Has $124.39 Million Stake in Corteva, Inc. (NYSE:CTVA)

Corteva logo with Consumer Staples background

Envestnet Asset Management Inc. lowered its stake in Corteva, Inc. (NYSE:CTVA - Free Report) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,976,554 shares of the company's stock after selling 239,372 shares during the quarter. Envestnet Asset Management Inc. owned about 0.29% of Corteva worth $124,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Chilton Capital Management LLC lifted its stake in Corteva by 94,962.8% in the first quarter. Chilton Capital Management LLC now owns 372,646 shares of the company's stock valued at $23,451,000 after buying an additional 372,254 shares in the last quarter. Tradewinds LLC. raised its holdings in shares of Corteva by 3.8% in the first quarter. Tradewinds LLC. now owns 6,211 shares of the company's stock valued at $391,000 after purchasing an additional 225 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Corteva by 262.3% in the first quarter. Concurrent Investment Advisors LLC now owns 20,741 shares of the company's stock valued at $1,305,000 after purchasing an additional 15,016 shares during the last quarter. Simmons Bank raised its holdings in shares of Corteva by 351.0% in the first quarter. Simmons Bank now owns 36,771 shares of the company's stock valued at $2,314,000 after purchasing an additional 28,617 shares during the last quarter. Finally, HM Payson & Co. raised its holdings in shares of Corteva by 6.2% in the first quarter. HM Payson & Co. now owns 8,712 shares of the company's stock valued at $548,000 after purchasing an additional 506 shares during the last quarter. Institutional investors own 81.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Corteva from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Jefferies Financial Group restated a "buy" rating on shares of Corteva in a report on Friday, June 6th. Citigroup boosted their target price on shares of Corteva from $75.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada boosted their target price on shares of Corteva from $74.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, UBS Group upped their price objective on shares of Corteva from $76.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.54.

Get Our Latest Report on CTVA

Corteva Price Performance

Shares of CTVA stock traded down $1.33 on Friday, reaching $73.50. The company had a trading volume of 4,389,838 shares, compared to its average volume of 3,435,046. The stock has a market capitalization of $50.14 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76. 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 business's 50-day moving average is $71.45 and its 200 day moving average is $64.64. Corteva, Inc. has a one year low of $50.30 and a one year high of $77.41.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.25. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.56 billion. Corteva had a net margin of 6.77% and a return on equity of 7.84%. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. Equities research analysts forecast that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Dividend Announcement

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

Corteva Company Profile

(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.

Recommended Stories

Institutional Ownership by Quarter for Corteva (NYSE:CTVA)

Should You Invest $1,000 in Corteva Right Now?

Before you consider Corteva, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Corteva wasn't on the list.

While Corteva currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines