Corteva, Inc. $CTVA Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its stake in Corteva, Inc. (NYSE:CTVA) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,671 shares of the company’s stock after selling 9,004 shares during the period. Westwood Holdings Group Inc.’s holdings in Corteva were worth $10,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Peak Financial Advisors LLC purchased a new stake in shares of Corteva during the 2nd quarter worth $505,000. PGGM Investments raised its stake in Corteva by 68.5% in the second quarter. PGGM Investments now owns 1,223,444 shares of the company’s stock valued at $91,183,000 after buying an additional 497,200 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Corteva by 28.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,851,993 shares of the company’s stock worth $179,476,000 after buying an additional 634,938 shares during the last quarter. S.E.E.D. Planning Group LLC boosted its position in shares of Corteva by 70.3% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 164,393 shares of the company’s stock worth $12,252,000 after acquiring an additional 67,869 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Corteva by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,174,351 shares of the company’s stock valued at $262,692,000 after acquiring an additional 84,506 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CTVA. BMO Capital Markets set a $86.00 target price on Corteva in a research note on Monday, September 15th. UBS Group reduced their price objective on shares of Corteva from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Mizuho lowered their target price on shares of Corteva from $85.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Corteva from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Corteva from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.05.

Corteva Stock Down 0.5%

CTVA stock opened at $65.79 on Tuesday. The company has a market cap of $44.46 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. The company has a fifty day moving average price of $64.31 and a 200 day moving average price of $69.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.58 and a quick ratio of 1.07. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $77.41.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.26. Corteva had a net margin of 9.19% and a return on equity of 9.37%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the business posted ($0.49) earnings per share. Corteva’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.72 annualized dividend and a yield of 1.1%. Corteva’s dividend payout ratio is currently 30.77%.

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.