Everpar Advisors LLC Makes New $959,000 Investment in Corteva, Inc. (NYSE:CTVA)

Everpar Advisors LLC purchased a new stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,009 shares of the company's stock, valued at approximately $959,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CTVA. CVA Family Office LLC acquired a new stake in shares of Corteva in the 4th quarter worth approximately $25,000. NewSquare Capital LLC lifted its stake in shares of Corteva by 70.6% in the 3rd quarter. NewSquare Capital LLC now owns 546 shares of the company's stock worth $28,000 after acquiring an additional 226 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in shares of Corteva by 234.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company's stock worth $28,000 after acquiring an additional 389 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of Corteva in the 4th quarter worth approximately $27,000. Finally, Naples Money Management LLC acquired a new stake in shares of Corteva in the 4th quarter worth approximately $31,000. 81.54% of the stock is currently owned by institutional investors.

Corteva Stock Down 1.2 %

CTVA stock traded down $0.70 during mid-day trading on Wednesday, hitting $56.82. The stock had a trading volume of 4,291,853 shares, compared to its average volume of 3,574,410. Corteva, Inc. has a 1-year low of $43.22 and a 1-year high of $58.81. The company has a fifty day moving average of $55.45 and a 200 day moving average of $50.74. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $39.60 billion, a price-to-earnings ratio of 71.92, a PEG ratio of 1.50 and a beta of 0.78.

Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.10. The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.65 billion. Corteva had a return on equity of 6.68% and a net margin of 3.32%. The firm's revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, equities analysts expect that Corteva, Inc. will post 2.83 EPS for the current fiscal year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders 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 1.13%. The ex-dividend date of this dividend is Tuesday, June 4th. Corteva's payout ratio is 81.01%.

Analyst Ratings Changes

A number of analysts recently commented on CTVA shares. Loop Capital upgraded shares of Corteva from a "hold" rating to a "buy" rating and boosted their target price for the stock from $57.00 to $65.00 in a report on Monday, February 12th. BNP Paribas upgraded shares of Corteva from an "underperform" rating to a "neutral" rating and set a $53.00 target price on the stock in a report on Friday, February 2nd. TheStreet upgraded shares of Corteva from a "c+" rating to a "b-" rating in a report on Tuesday, February 27th. Wolfe Research started coverage on shares of Corteva in a report on Friday, March 1st. They issued an "outperform" rating and a $67.00 target price on the stock. Finally, Oppenheimer boosted their target price on shares of Corteva from $67.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.24.

Insider Buying and Selling at Corteva

In other news, insider Brian Titus sold 12,134 shares of Corteva stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $56.65, for a total value of $687,391.10. Following the transaction, the insider now owns 13,495 shares of the company's stock, valued at $764,491.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

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.

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