National Pension Service Purchases 65,085 Shares of Corteva, Inc. (NYSE:CTVA)

National Pension Service grew its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,848,642 shares of the company's stock after acquiring an additional 65,085 shares during the period. National Pension Service owned 0.26% of Corteva worth $88,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. WCM Investment Management LLC grew its holdings in shares of Corteva by 3.1% in the 4th quarter. WCM Investment Management LLC now owns 7,103,146 shares of the company's stock worth $341,590,000 after purchasing an additional 213,949 shares during the last quarter. 17 Capital Partners LLC acquired a new stake in Corteva during the 4th quarter worth approximately $1,649,000. Factory Mutual Insurance Co. grew its stake in shares of Corteva by 10.7% during the 4th quarter. Factory Mutual Insurance Co. now owns 532,558 shares of the company's stock worth $25,520,000 after acquiring an additional 51,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Corteva by 9.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 777,833 shares of the company's stock worth $39,794,000 after buying an additional 68,593 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Corteva by 1.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,760,701 shares of the company's stock worth $132,293,000 after buying an additional 31,171 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Corteva

In other news, insider Brian Titus sold 12,134 shares of the business's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $56.65, for a total transaction of $687,391.10. Following the completion of the sale, the insider now owns 13,495 shares in the company, valued at approximately $764,491.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

CTVA has been the topic of several research reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $57.00 price objective (down from $58.00) on shares of Corteva in a report on Friday, April 12th. 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 for the company. KeyCorp increased their target price on shares of Corteva from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Tuesday, April 9th. Barclays upped their price objective on Corteva from $55.00 to $58.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada increased their target price on shares of Corteva from $62.00 to $64.00 and gave the company an "outperform" rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.24.

Corteva Trading Up 1.8 %

CTVA stock traded up $1.01 during mid-day trading on Thursday, hitting $57.83. 4,006,327 shares of the company were exchanged, compared to its average volume of 3,579,707. The firm has a market capitalization of $40.31 billion, a P/E ratio of 73.20, a PEG ratio of 1.50 and a beta of 0.78. Corteva, Inc. has a 12-month low of $43.22 and a 12-month high of $58.81. The company has a quick ratio of 0.97, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $55.50 and a 200-day simple moving average of $50.78.

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

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, June 4th. Corteva's dividend payout ratio (DPR) is 81.01%.

Corteva Company 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.