Dorsey & Whitney Trust CO LLC Lowers Position in Corteva, Inc. $CTVA

Dorsey & Whitney Trust CO LLC lessened its stake in shares of Corteva, Inc. (NYSE:CTVA) by 41.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 27,139 shares of the company’s stock after selling 19,153 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Corteva were worth $1,708,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC lifted its holdings in Corteva by 20.7% during the first quarter. Cary Street Partners Financial LLC now owns 90,206 shares of the company’s stock valued at $5,677,000 after purchasing an additional 15,448 shares in the last quarter. Scissortail Wealth Management LLC raised its position in shares of Corteva by 72,080.0% during the 4th quarter. Scissortail Wealth Management LLC now owns 3,609 shares of the company’s stock valued at $206,000 after purchasing an additional 3,604 shares during the period. Allworth Financial LP raised its position in shares of Corteva by 11.8% during the 1st quarter. Allworth Financial LP now owns 15,313 shares of the company’s stock valued at $945,000 after purchasing an additional 1,614 shares during the period. Brighton Jones LLC boosted its holdings in Corteva by 307.2% in the 4th quarter. Brighton Jones LLC now owns 15,588 shares of the company’s stock worth $888,000 after buying an additional 11,760 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Corteva by 13.9% in the 1st quarter. Farther Finance Advisors LLC now owns 4,387 shares of the company’s stock worth $279,000 after buying an additional 536 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Corteva Stock Performance

NYSE CTVA opened at $72.8220 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.23. Corteva, Inc. has a 1-year low of $53.40 and a 1-year high of $77.41. The business has a 50 day simple moving average of $73.39 and a two-hundred day simple moving average of $66.93. The stock has a market capitalization of $49.45 billion, a PE ratio of 35.52, a P/E/G ratio of 1.66 and a beta of 0.75.

Corteva (NYSE:CTVA) last posted its earnings results on Wednesday, August 6th. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. Corteva had a return on equity of 8.68% and a net margin of 8.16%.The firm had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the prior year, the company earned $1.83 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, research analysts predict that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Corteva’s previous quarterly dividend of $0.17. Corteva’s dividend payout ratio is 33.17%.

Analyst Ratings Changes

Several equities analysts have recently commented on CTVA shares. Zacks Research upgraded Corteva to a “hold” rating in a research report on Friday, August 8th. Wells Fargo & Company reissued an “overweight” rating and issued a $83.00 price target (up from $82.00) on shares of Corteva in a report on Friday, August 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Corteva in a research note on Monday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Corteva in a report on Friday, June 6th. Finally, Citigroup boosted their target price on shares of Corteva from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

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.