Sentry Investment Management LLC Sells 400 Shares of Corteva, Inc. (NYSE:CTVA)

Sentry Investment Management LLC decreased its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,720 shares of the company’s stock after selling 400 shares during the quarter. Sentry Investment Management LLC’s holdings in Corteva were worth $178,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in shares of Corteva in the 2nd quarter worth $28,000. CVA Family Office LLC purchased a new stake in Corteva in the fourth quarter worth about $25,000. PCA Investment Advisory Services Inc. bought a new position in Corteva during the 2nd quarter worth about $31,000. NewSquare Capital LLC increased its position in Corteva by 70.6% during the 3rd quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock valued at $28,000 after purchasing an additional 226 shares during the period. Finally, Glass Jacobson Investment Advisors llc raised its holdings in shares of Corteva by 234.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Corteva Trading Down 0.7 %

Corteva stock opened at $53.32 on Wednesday. The stock has a 50-day moving average price of $55.20 and a 200 day moving average price of $50.22. The company has a market capitalization of $37.26 billion, a price-to-earnings ratio of 52.28, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $63.06. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same period in the previous year, the business posted $0.16 EPS. Sell-side analysts anticipate that Corteva, Inc. will post 2.86 EPS for the current year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, February 29th. Corteva’s dividend payout ratio is currently 62.75%.

Analysts Set New Price Targets

CTVA has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. UBS Group cut their price target on Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. KeyCorp upped their price objective on Corteva from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Barclays raised their price objective on Corteva from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $57.00 target price (down from $58.00) on shares of Corteva in a report on Friday, April 12th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.29.

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.