Corteva, Inc. (NYSE:CTVA) Holdings Reduced by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its stake in Corteva, Inc. (NYSE:CTVA - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,759 shares of the company's stock after selling 4,626 shares during the period. Rockefeller Capital Management L.P.'s holdings in Corteva were worth $2,607,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Flagship Wealth Advisors LLC acquired a new position in Corteva during the fourth quarter worth approximately $25,000. Noble Wealth Management PBC purchased a new stake in Corteva in the 4th quarter valued at $26,000. Hager Investment Management Services LLC purchased a new position in Corteva during the 4th quarter worth $27,000. Golden State Wealth Management LLC acquired a new position in Corteva in the fourth quarter valued at $32,000. Finally, Centricity Wealth Management LLC acquired a new position in Corteva in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 81.54% of the company's stock.

Corteva Trading Down 0.4 %

NYSE:CTVA traded down $0.27 during mid-day trading on Friday, reaching $61.44. The company's stock had a trading volume of 508,749 shares, compared to its average volume of 3,577,001. Corteva, Inc. has a twelve month low of $50.01 and a twelve month high of $66.24. The company's fifty day simple moving average is $60.77 and its two-hundred day simple moving average is $60.35. The stock has a market cap of $41.97 billion, a P/E ratio of 47.63, a P/E/G ratio of 1.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. On average, equities analysts predict that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.11%. Corteva's payout ratio is currently 52.71%.

Insider Buying and Selling at Corteva

In other news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $63.74, for a total value of $1,692,934.40. Following the completion of the transaction, the insider now owns 11,347 shares in the company, valued at approximately $723,257.78. This trade represents a 70.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CTVA has been the topic of a number of recent research reports. Argus raised Corteva from a "hold" rating to a "buy" rating and set a $69.00 target price on the stock in a report on Monday, March 31st. Royal Bank of Canada increased their price target on shares of Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. BNP Paribas upgraded Corteva to a "hold" rating in a research note on Monday, February 10th. Barclays upped their target price on shares of Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Bank of America raised their price objective on Corteva from $69.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.13.

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.