Premier Path Wealth Partners LLC increased its stake in shares of Corteva, Inc. (NYSE:CTVA – Free Report) by 54.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,487 shares of the company’s stock after purchasing an additional 6,482 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Corteva were worth $1,548,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Drummond Knight Asset Management Pty Ltd purchased a new position in Corteva in the fourth quarter valued at approximately $25,713,000. Avior Wealth Management LLC raised its holdings in Corteva by 464.7% during the fourth quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock worth $2,205,000 after purchasing an additional 27,075 shares in the last quarter. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Corteva during the 4th quarter worth approximately $23,679,000. Squarepoint Ops LLC boosted its holdings in shares of Corteva by 423.6% in the 3rd quarter. Squarepoint Ops LLC now owns 1,738,139 shares of the company’s stock valued at $117,550,000 after buying an additional 1,406,199 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Corteva by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,075 shares of the company’s stock valued at $7,378,000 after buying an additional 20,957 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on CTVA shares. Jefferies Financial Group lifted their price target on shares of Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price objective on shares of Corteva from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Wells Fargo & Company raised their price objective on Corteva from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Oppenheimer boosted their target price on Corteva from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.81.
Corteva Stock Performance
Shares of CTVA opened at $84.66 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. The stock has a market capitalization of $56.62 billion, a P/E ratio of 49.80, a P/E/G ratio of 2.55 and a beta of 0.57. The company’s fifty day moving average is $79.51 and its two-hundred day moving average is $76.54. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $85.63.
Corteva (NYSE:CTVA – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter last year, the business earned $1.13 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, sell-side analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.
Corteva Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, June 1st. Corteva’s payout ratio is currently 42.35%.
About Corteva
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.
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