UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $232.96 Million Holdings in Corteva, Inc. (NYSE:CTVA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,089,845 shares of the company's stock after purchasing an additional 214,256 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.60% of Corteva worth $232,958,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new stake in shares of Corteva during the 4th quarter worth about $25,000. Noble Wealth Management PBC bought a new stake in shares of Corteva during the 4th quarter worth about $26,000. Hager Investment Management Services LLC bought a new stake in shares of Corteva during the 4th quarter worth about $27,000. LGT Financial Advisors LLC bought a new stake in shares of Corteva during the 4th quarter worth about $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Corteva during the 4th quarter worth about $32,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CTVA. Royal Bank of Canada lifted their target price on shares of Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Argus raised shares of Corteva from a "hold" rating to a "buy" rating and set a $69.00 price objective for the company in a report on Monday, March 31st. Barclays boosted their price objective on shares of Corteva from $64.00 to $70.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Morgan Stanley boosted their price objective on shares of Corteva from $65.00 to $71.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Corteva from $73.00 to $79.00 and gave the company an "overweight" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.50.

Corteva Price Performance

CTVA traded down $0.30 during trading on Wednesday, hitting $70.12. 634,319 shares of the stock traded hands, compared to its average volume of 3,290,491. Corteva, Inc. has a twelve month low of $50.01 and a twelve month high of $71.70. The company has a market cap of $47.83 billion, a price-to-earnings ratio of 54.33, a PEG ratio of 1.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. The business has a 50 day moving average price of $62.79 and a 200 day moving average price of $61.40.

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 5.36% and a return on equity of 7.19%. 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 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.68 annualized dividend and a dividend yield of 0.97%. Corteva's dividend payout ratio (DPR) is presently 41.46%.

Corteva 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.