Country Club Bank GFN Sells 46,715 Shares of Corteva, Inc. (NYSE:CTVA)

Country Club Bank GFN reduced its stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 40.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,217 shares of the company's stock after selling 46,715 shares during the period. Country Club Bank GFN's holdings in Corteva were worth $3,377,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Kingsview Wealth Management LLC increased its stake in shares of Corteva by 2.0% during the third quarter. Kingsview Wealth Management LLC now owns 7,660 shares of the company's stock worth $438,000 after buying an additional 153 shares during the period. Centaurus Financial Inc. lifted its position in shares of Corteva by 4.9% during the 1st quarter. Centaurus Financial Inc. now owns 3,867 shares of the company's stock worth $233,000 after purchasing an additional 182 shares during the last quarter. Laidlaw Wealth Management LLC grew its stake in shares of Corteva by 5.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 3,968 shares of the company's stock worth $233,000 after purchasing an additional 194 shares in the last quarter. Arcataur Capital Management LLC increased its holdings in Corteva by 2.4% in the third quarter. Arcataur Capital Management LLC now owns 8,598 shares of the company's stock valued at $440,000 after buying an additional 200 shares during the last quarter. Finally, Union Savings Bank raised its stake in Corteva by 58.5% in the third quarter. Union Savings Bank now owns 577 shares of the company's stock valued at $30,000 after buying an additional 213 shares in the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CTVA shares. TheStreet upgraded shares of Corteva from a "c+" rating to a "b-" rating in a research report on Tuesday, February 27th. KeyCorp lifted their price target on shares of Corteva from $62.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, February 2nd. Wells Fargo & Company upped their price objective on shares of Corteva from $54.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, February 2nd. Wolfe Research started coverage on Corteva in a research report on Friday, March 1st. They issued an "outperform" rating and a $67.00 target price on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Corteva from $56.00 to $64.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.14.

Corteva Stock Performance

Shares of NYSE:CTVA traded down $0.51 on Tuesday, reaching $57.17. 3,092,868 shares of the company's stock were exchanged, compared to its average volume of 3,829,339. The business's 50-day moving average is $53.45 and its two-hundred day moving average is $49.86. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09. Corteva, Inc. has a fifty-two week low of $43.22 and a fifty-two week high of $63.37. The firm has a market capitalization of $39.95 billion, a price-to-earnings ratio of 56.55, a PEG ratio of 1.48 and a beta of 0.77.

Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, equities research analysts forecast that Corteva, Inc. will post 2.87 EPS for the current year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, February 29th. Corteva's dividend payout ratio (DPR) is 62.75%.

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.