Stratos Wealth Partners LTD. Raises Stock Holdings in Corteva, Inc. (NYSE:CTVA)

Stratos Wealth Partners LTD. lifted its stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,787 shares of the company's stock after buying an additional 3,724 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Corteva were worth $3,825,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CTVA. NTV Asset Management LLC grew its position in Corteva by 3.3% in 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. Brown Advisory Inc. grew its position in Corteva by 4.0% in the 1st quarter. Brown Advisory Inc. now owns 296,647 shares of the company's stock valued at $18,668,000 after purchasing an additional 11,442 shares during the period. Ninety One UK Ltd grew its position in Corteva by 18.9% in the 1st quarter. Ninety One UK Ltd now owns 515,754 shares of the company's stock valued at $32,456,000 after purchasing an additional 82,067 shares during the period. Alpha Cubed Investments LLC acquired a new stake in Corteva in the 1st quarter valued at $232,000. Finally, Brass Tax Wealth Management Inc. grew its position in Corteva by 3.6% in the 1st quarter. Brass Tax Wealth Management Inc. now owns 5,925 shares of the company's stock valued at $373,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 81.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Corteva in a research report on Friday, June 6th. UBS Group lifted their price objective on shares of Corteva from $76.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp lifted their price objective on shares of Corteva from $71.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Wells Fargo & Company lifted their price objective on shares of Corteva from $79.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, June 23rd. Finally, Citigroup lifted their price objective on shares of Corteva from $75.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $75.54.

Corteva Stock Performance

Corteva stock traded down $1.33 during midday trading on Friday, reaching $73.50. The stock had a trading volume of 4,389,838 shares, compared to its average volume of 3,435,046. Corteva, Inc. has a 12 month low of $50.30 and a 12 month high of $77.41. The firm's 50-day moving average price is $71.45 and its 200 day moving average price is $64.64. The firm has a market capitalization of $50.14 billion, a PE ratio of 44.82, a P/E/G 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.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.25. Corteva had a return on equity of 7.84% and a net margin of 6.77%. The business had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.56 billion. During the same period in the previous year, the business posted $0.89 EPS. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. As a group, research analysts predict that Corteva, Inc. will post 2.96 earnings per share 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 given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Monday, June 2nd. Corteva's dividend payout ratio is presently 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.