Fox Run Management L.L.C. Buys Shares of 3,197 Corteva, Inc. $CTVA

Fox Run Management L.L.C. bought a new position in Corteva, Inc. (NYSE:CTVA) in the second quarter, Holdings Channel.com reports. The firm bought 3,197 shares of the company’s stock, valued at approximately $238,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Gladwyn Financial Advisors Inc. acquired a new stake in Corteva in the second quarter valued at approximately $25,000. Curat Global LLC lifted its stake in shares of Corteva by 93.7% in the 2nd quarter. Curat Global LLC now owns 370 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Corteva in the 2nd quarter valued at $29,000. Princeton Global Asset Management LLC boosted its holdings in shares of Corteva by 61.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 525 shares of the company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. grew its position in Corteva by 132.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 527 shares of the company’s stock worth $39,000 after acquiring an additional 300 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTVA has been the subject of several research reports. Wells Fargo & Company dropped their target price on Corteva from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Tuesday. Citigroup lifted their target price on shares of Corteva from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Morgan Stanley set a $84.00 price target on shares of Corteva in a research report on Monday, September 15th. Jefferies Financial Group dropped their price target on shares of Corteva from $92.00 to $85.00 in a research note on Thursday, October 2nd. Finally, Weiss Ratings cut shares of Corteva from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.18.

Insider Activity

In other news, EVP Robert D. King sold 37,280 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $74.20, for a total transaction of $2,766,176.00. Following the completion of the sale, the executive vice president owned 49,262 shares of the company’s stock, valued at $3,655,240.40. This trade represents a 43.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

Corteva Trading Down 0.4%

NYSE:CTVA opened at $66.20 on Friday. Corteva, Inc. has a 52 week low of $53.40 and a 52 week high of $77.41. The firm’s fifty day moving average is $65.83 and its 200-day moving average is $69.52. The firm has a market cap of $44.73 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.58.

Corteva (NYSE:CTVA) last issued its quarterly earnings results 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 business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 annualized dividend and a yield of 1.1%. Corteva’s payout ratio is 30.77%.

About Corteva

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.