Stratos Wealth Partners LTD. Boosts Position in Corteva, Inc. (NYSE:CTVA)

Stratos Wealth Partners LTD. boosted its holdings in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and 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 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Corteva by 307.2% in the fourth quarter. Brighton Jones LLC now owns 15,588 shares of the company's stock worth $888,000 after purchasing an additional 11,760 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Corteva in the fourth quarter worth approximately $7,564,000. Daiwa Securities Group Inc. boosted its position in shares of Corteva by 2.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 110,829 shares of the company's stock worth $6,313,000 after purchasing an additional 3,019 shares during the period. Independent Advisor Alliance boosted its position in shares of Corteva by 31.1% in the fourth quarter. Independent Advisor Alliance now owns 10,307 shares of the company's stock worth $587,000 after purchasing an additional 2,445 shares during the period. Finally, Davis R M Inc. boosted its position in shares of Corteva by 11.4% in the fourth quarter. Davis R M Inc. now owns 5,389 shares of the company's stock worth $307,000 after purchasing an additional 550 shares during the period. 81.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CTVA has been the subject of a number of recent analyst reports. Argus upgraded shares of Corteva from a "hold" rating to a "buy" rating and set a $69.00 price target for the company in a research report on Monday, March 31st. Jefferies Financial Group restated a "buy" rating on shares of Corteva in a research report on Friday, June 6th. Royal Bank Of Canada upped their target price on shares of Corteva from $74.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday. KeyCorp upped their target price on shares of Corteva from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company upped their target price on shares of Corteva from $79.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday, June 23rd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $75.54.

Corteva Price Performance

Corteva stock traded down $1.37 during mid-day trading on Thursday, reaching $74.83. 4,418,051 shares of the company's stock traded hands, compared to its average volume of 3,422,759. The company has a market cap of $51.05 billion, a price-to-earnings ratio of 45.63, a PEG ratio of 1.95 and a beta of 0.76. The stock has a 50 day moving average of $70.98 and a two-hundred day moving average of $64.36. 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, Inc. has a 12-month low of $50.30 and a 12-month high of $77.41.

Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings results 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 net margin of 6.77% and a return on equity of 7.84%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Corteva's revenue was down 1.7% on a year-over-year basis. Equities analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, June 2nd. Corteva's dividend payout ratio is currently 41.46%.

Corteva Company Profile

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.