Corteva, Inc. (NYSE:CTVA) Holdings Cut by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 21.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 175,426 shares of the company's stock after selling 47,636 shares during the period. Anchor Capital Advisors LLC's holdings in Corteva were worth $8,406,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC purchased a new stake in Corteva during the 4th quarter valued at approximately $286,000. Unique Wealth Strategies LLC bought a new position in shares of Corteva in the 4th quarter valued at about $606,000. Headlands Technologies LLC purchased a new stake in Corteva during the fourth quarter valued at approximately $326,000. Citizens Financial Group Inc. RI increased its position in shares of Corteva by 4.7% during the 4th quarter. Citizens Financial Group Inc. RI now owns 12,265 shares of the company's stock valued at $588,000 after purchasing an additional 550 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC raised its holdings in Corteva by 36.9% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 9,165 shares of the company's stock valued at $439,000 after buying an additional 2,470 shares during the period. Institutional investors own 81.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CTVA shares. Oppenheimer increased their target price on shares of Corteva from $62.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. Mizuho reduced their price target on Corteva from $59.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Barclays upped their price objective on Corteva from $55.00 to $58.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 10th. BNP Paribas upgraded shares of Corteva from an "underperform" rating to a "neutral" rating and set a $53.00 price target on the stock in a report on Friday, February 2nd. Finally, TheStreet upgraded shares of Corteva from a "c+" rating to a "b-" rating in a research note on Tuesday, February 27th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Corteva currently has an average rating of "Moderate Buy" and a consensus target price of $63.29.

Corteva Price Performance

CTVA traded down $1.37 on Tuesday, hitting $54.13. 2,994,367 shares of the company's stock were exchanged, compared to its average volume of 3,510,964. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 53.07, a P/E/G ratio of 1.44 and a beta of 0.77. Corteva, Inc. has a fifty-two week low of $43.22 and a fifty-two week high of $61.87. The firm has a 50-day moving average price of $55.29 and a 200-day moving average price of $50.54. The company has a current ratio of 1.56, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Corteva (NYSE:CTVA - Get Free Report) last issued its earnings results 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. The business had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same period in the previous year, the firm posted $0.16 EPS. As a group, equities analysts anticipate that Corteva, Inc. will post 2.84 earnings per share for the current year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, June 4th. Corteva's payout ratio is currently 62.75%.

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.