Vise Technologies Inc. Takes $238,000 Position in Corteva, Inc. (NYSE:CTVA)

Vise Technologies Inc. purchased a new position in shares of Corteva, Inc. (NYSE:CTVA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,183 shares of the company's stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTVA. Scissortail Wealth Management LLC boosted its holdings in Corteva by 72,080.0% in the 4th quarter. Scissortail Wealth Management LLC now owns 3,609 shares of the company's stock valued at $206,000 after purchasing an additional 3,604 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Corteva by 5.9% in the 4th quarter. Van ECK Associates Corp now owns 9,428,206 shares of the company's stock valued at $537,031,000 after purchasing an additional 525,531 shares in the last quarter. Swedbank AB boosted its holdings in Corteva by 51.9% in the 4th quarter. Swedbank AB now owns 695,641 shares of the company's stock valued at $39,624,000 after purchasing an additional 237,764 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Corteva by 6.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,605,608 shares of the company's stock valued at $270,764,000 after purchasing an additional 288,885 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Corteva by 17.3% in the 4th quarter. Allworth Financial LP now owns 13,699 shares of the company's stock valued at $856,000 after purchasing an additional 2,023 shares in the last quarter. Hedge funds and other institutional investors own 81.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CTVA shares. Wells Fargo & Company lifted their price objective on Corteva from $73.00 to $79.00 and gave the company an "overweight" rating in a report on Monday, May 12th. BNP Paribas upgraded shares of Corteva to a "hold" rating in a research report on Monday, February 10th. Barclays lifted their price target on shares of Corteva from $64.00 to $70.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. KeyCorp lifted their price target on shares of Corteva from $71.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, UBS Group lifted their price target on shares of Corteva from $74.00 to $76.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.50.

Corteva Trading Up 1.6%

CTVA stock traded up $1.10 during midday trading on Friday, hitting $70.81. The stock had a trading volume of 5,450,676 shares, compared to its average volume of 3,309,771. The firm has a market cap of $48.30 billion, a PE ratio of 54.89, a price-to-earnings-growth 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. Corteva, Inc. has a 12-month low of $50.01 and a 12-month high of $71.00. The company's 50-day moving average price is $63.29 and its 200 day moving average price is $61.64.

Corteva (NYSE:CTVA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.88 by $0.25. The firm had revenue of $4.42 billion during the quarter, compared to analysts' expectations of $4.56 billion. Corteva had a net margin of 5.36% and a return on equity of 7.19%. Corteva's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 2nd will be paid 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 0.96%. 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.