AdvisorNet Financial Inc Has $180,000 Holdings in Corteva, Inc. (NYSE:CTVA)

AdvisorNet Financial Inc boosted its position in Corteva, Inc. (NYSE:CTVAFree Report) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,757 shares of the company’s stock after buying an additional 438 shares during the quarter. AdvisorNet Financial Inc’s holdings in Corteva were worth $180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTVA. Cornerstone Planning Group LLC acquired a new stake in Corteva in the 2nd quarter worth $28,000. CVA Family Office LLC bought a new position in shares of Corteva during the 4th quarter worth about $25,000. PCA Investment Advisory Services Inc. bought a new position in shares of Corteva during the 2nd quarter worth about $31,000. NewSquare Capital LLC lifted its holdings in shares of Corteva by 70.6% during the 3rd quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after acquiring an additional 226 shares during the period. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in shares of Corteva by 234.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the period. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Corteva Stock Down 0.9 %

Shares of NYSE:CTVA opened at $57.17 on Wednesday. Corteva, Inc. has a one year low of $43.22 and a one year high of $63.37. The company has a 50 day moving average of $53.45 and a 200-day moving average of $49.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90. The stock has a market cap of $39.95 billion, a price-to-earnings ratio of 56.05, a P/E/G ratio of 1.48 and a beta of 0.77.

Corteva (NYSE:CTVAGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the company earned $0.16 EPS. On average, sell-side analysts forecast that Corteva, Inc. will post 2.87 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, February 29th. Corteva’s dividend payout ratio is 62.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BNP Paribas raised shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price objective for the company in a report on Friday, February 2nd. Loop Capital raised shares of Corteva from a “hold” rating to a “buy” rating and raised their price objective for the stock from $57.00 to $65.00 in a report on Monday, February 12th. Wolfe Research assumed coverage on shares of Corteva in a report on Friday, March 1st. They set an “outperform” rating and a $67.00 price target for the company. Royal Bank of Canada lifted their price target on shares of Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, UBS Group cut their price target on shares of Corteva from $65.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, January 11th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.14.

View Our Latest Stock Report on CTVA

Corteva Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Corteva (NYSE:CTVA)

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