Corteva, Inc. $CTVA Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its holdings in Corteva, Inc. (NYSE:CTVA) by 1.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 8,712,618 shares of the company’s stock after selling 92,666 shares during the period. Corteva makes up 1.6% of WCM Investment Management LLC’s holdings, making the stock its 23rd biggest holding. WCM Investment Management LLC’s holdings in Corteva were worth $722,712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CTVA. William B. Walkup & Associates Inc. boosted its stake in Corteva by 2.9% in the 1st quarter. William B. Walkup & Associates Inc. now owns 4,457 shares of the company’s stock worth $373,000 after purchasing an additional 126 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Corteva by 2.4% in the first quarter. AdvisorNet Financial Inc now owns 5,694 shares of the company’s stock worth $477,000 after buying an additional 135 shares during the last quarter. First Horizon Corp lifted its stake in shares of Corteva by 9.2% during the first quarter. First Horizon Corp now owns 1,600 shares of the company’s stock worth $134,000 after buying an additional 135 shares during the period. Aviance Capital Partners LLC grew its holdings in shares of Corteva by 1.3% during the first quarter. Aviance Capital Partners LLC now owns 11,008 shares of the company’s stock valued at $922,000 after buying an additional 137 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Corteva by 9.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,674 shares of the company’s stock valued at $112,000 after buying an additional 140 shares during the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CTVA. Berenberg Bank raised their target price on Corteva from $68.00 to $78.00 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Morgan Stanley lifted their target price on Corteva from $84.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. BNP Paribas Exane upped their target price on Corteva from $74.00 to $77.00 in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group raised their price target on shares of Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Corteva has an average rating of “Moderate Buy” and a consensus target price of $88.95.

Corteva Price Performance

Shares of CTVA opened at $87.42 on Monday. The business’s 50-day moving average is $80.86 and its two-hundred day moving average is $78.26. The company has a market capitalization of $58.47 billion, a P/E ratio of 51.43, a P/E/G ratio of 2.67 and a beta of 0.56. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47.

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

Corteva Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

About Corteva

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.