Millington Financial Advisors LLC Invests $3.06 Million in Corteva, Inc. $CTVA

Millington Financial Advisors LLC purchased a new position in Corteva, Inc. (NYSE:CTVA) in the fourth quarter, Holdings Channel reports. The fund purchased 42,108 shares of the company’s stock, valued at approximately $3,057,000. Corteva accounts for approximately 1.4% of Millington Financial Advisors LLC’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC lifted its position in shares of Corteva by 47.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 7,085 shares of the company’s stock worth $475,000 after purchasing an additional 2,277 shares in the last quarter. Smithfield Trust Co lifted its position in shares of Corteva by 8.9% in the fourth quarter. Smithfield Trust Co now owns 6,512 shares of the company’s stock worth $436,000 after purchasing an additional 533 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Corteva by 14.0% in the fourth quarter. Bleakley Financial Group LLC now owns 19,538 shares of the company’s stock worth $1,310,000 after purchasing an additional 2,399 shares in the last quarter. Cary Street Partners Financial LLC lifted its position in shares of Corteva by 0.6% in the fourth quarter. Cary Street Partners Financial LLC now owns 91,298 shares of the company’s stock worth $6,120,000 after purchasing an additional 554 shares in the last quarter. Finally, Allstate Corp raised its position in Corteva by 104.4% during the fourth quarter. Allstate Corp now owns 51,384 shares of the company’s stock valued at $3,444,000 after acquiring an additional 26,250 shares in the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Corteva from $90.00 to $100.00 in a research report on Monday, May 11th. Wall Street Zen lowered shares of Corteva from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Argus raised their price objective on shares of Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, BNP Paribas Exane raised their price objective on shares of Corteva from $74.00 to $77.00 in a research report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.14.

Corteva Trading Up 1.0%

Shares of CTVA stock opened at $79.89 on Thursday. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $85.63. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $81.34 and its two-hundred day moving average is $74.39. The company has a market cap of $53.43 billion, a PE ratio of 46.99, a price-to-earnings-growth ratio of 2.42 and a beta of 0.59.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.18 by $0.32. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities analysts predict that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.18 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

Corteva Company Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.