Corteva, Inc. (NYSE:CTVA) Holdings Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,128 shares of the company's stock after purchasing an additional 6,814 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Corteva were worth $8,567,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC increased its holdings in shares of Corteva by 3.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,514 shares of the company's stock worth $257,000 after buying an additional 160 shares during the last quarter. Sepio Capital LP increased its stake in Corteva by 3.2% during the fourth quarter. Sepio Capital LP now owns 5,361 shares of the company's stock worth $305,000 after acquiring an additional 166 shares during the last quarter. Allred Capital Management LLC raised its holdings in shares of Corteva by 3.2% in the 4th quarter. Allred Capital Management LLC now owns 5,447 shares of the company's stock worth $310,000 after purchasing an additional 171 shares during the period. Foster Group Inc. lifted its stake in shares of Corteva by 2.6% in the 1st quarter. Foster Group Inc. now owns 7,810 shares of the company's stock valued at $491,000 after purchasing an additional 199 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of Corteva by 4.4% during the 1st quarter. Wedmont Private Capital now owns 4,913 shares of the company's stock worth $291,000 after purchasing an additional 205 shares during the period. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Corteva Stock Performance

Shares of NYSE CTVA traded up $0.08 during mid-day trading on Friday, hitting $74.38. The company had a trading volume of 5,298,654 shares, compared to its average volume of 3,399,647. Corteva, Inc. has a 12 month low of $50.30 and a 12 month high of $75.07. The stock has a market cap of $50.74 billion, a price-to-earnings ratio of 45.35, a PEG ratio of 1.87 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.44 and a quick ratio of 1.00. The firm's 50 day simple moving average is $68.27 and its two-hundred day simple moving average is $63.27.

Corteva (NYSE:CTVA - Get Free Report) last posted its 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. The company had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.56 billion. Corteva had a return on equity of 7.84% and a net margin of 6.77%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. As a group, equities research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 2nd were paid a $0.17 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.68 annualized dividend and a dividend yield of 0.91%. Corteva's payout ratio is currently 41.46%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CTVA. Citigroup lifted their price target on shares of Corteva from $75.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, May 9th. KeyCorp lifted their target price on shares of Corteva from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Wells Fargo & Company upped their price target on shares of Corteva from $79.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday. Oppenheimer reissued an "outperform" rating and issued a $75.00 price objective (up from $72.00) on shares of Corteva in a research report on Friday, May 9th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Corteva in a research report on Friday, June 6th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Corteva has a consensus rating of "Moderate Buy" and a consensus target price of $72.08.

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.