Corteva, Inc. $CTVA Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in Corteva, Inc. (NYSE:CTVA) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,091 shares of the company’s stock after acquiring an additional 12,221 shares during the period. Nisa Investment Advisors LLC’s holdings in Corteva were worth $16,643,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Peak Financial Advisors LLC purchased a new stake in shares of Corteva in the second quarter valued at about $505,000. PGGM Investments raised its holdings in Corteva by 68.5% during the second quarter. PGGM Investments now owns 1,223,444 shares of the company’s stock worth $91,183,000 after purchasing an additional 497,200 shares in the last quarter. TriaGen Wealth Management LLC acquired a new stake in Corteva in the third quarter valued at about $4,284,000. S.E.E.D. Planning Group LLC boosted its holdings in Corteva by 70.3% in the 2nd quarter. S.E.E.D. Planning Group LLC now owns 164,393 shares of the company’s stock valued at $12,252,000 after purchasing an additional 67,869 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Corteva by 302.1% during the 2nd quarter. Schroder Investment Management Group now owns 484,605 shares of the company’s stock worth $36,118,000 after purchasing an additional 364,083 shares during the period. 81.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CTVA. UBS Group reduced their price target on Corteva from $85.00 to $81.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Argus reduced their target price on Corteva from $83.00 to $80.00 and set a “buy” rating for the company in a report on Monday, October 13th. Wall Street Zen lowered shares of Corteva from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Jefferies Financial Group cut their price target on shares of Corteva from $92.00 to $85.00 in a report on Thursday, October 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Corteva from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.21.

Corteva Trading Down 2.1%

Shares of CTVA stock opened at $68.66 on Friday. The stock has a market cap of $46.39 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.44 and a beta of 0.74. The company has a quick ratio of 1.07, a current ratio of 1.58 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a fifty-two week low of $53.40 and a fifty-two week high of $77.41. The business has a fifty day simple moving average of $66.15 and a 200-day simple moving average of $68.82.

Corteva (NYSE:CTVA) last issued 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. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Corteva had a net margin of 9.19% and a return on equity of 9.37%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.49) EPS. On average, analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Corteva’s dividend payout ratio is presently 30.77%.

Corteva Profile

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.