International Assets Investment Management LLC Makes New $4.85 Million Investment in Corteva, Inc. (NYSE:CTVA)

International Assets Investment Management LLC acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 101,244 shares of the company’s stock, valued at approximately $4,852,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC bought a new position in Corteva in the 4th quarter valued at $25,000. NewSquare Capital LLC grew its holdings in shares of Corteva by 70.6% in the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its stake in Corteva by 234.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock worth $28,000 after buying an additional 389 shares during the period. BKM Wealth Management LLC bought a new stake in Corteva during the 4th quarter valued at about $27,000. Finally, Creative Financial Designs Inc. ADV boosted its position in Corteva by 57.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 786 shares of the company’s stock valued at $38,000 after buying an additional 286 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Price Performance

Shares of NYSE CTVA opened at $56.82 on Thursday. Corteva, Inc. has a fifty-two week low of $43.22 and a fifty-two week high of $58.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.51. The company has a market cap of $39.60 billion, a PE ratio of 71.92, a P/E/G ratio of 1.50 and a beta of 0.78. The business has a 50-day simple moving average of $55.45 and a two-hundred day simple moving average of $50.74.

Corteva (NYSE:CTVA) last released its earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.65 billion. Corteva had a net margin of 3.32% and a return on equity of 6.68%. Corteva’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. As a group, equities analysts expect that Corteva, Inc. will post 2.83 EPS for the current fiscal year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.64 dividend on an annualized basis and a yield of 1.13%. Corteva’s dividend payout ratio (DPR) is 81.01%.

Insiders Place Their Bets

In related news, insider Brian Titus sold 12,134 shares of Corteva stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $56.65, for a total transaction of $687,391.10. Following the completion of the sale, the insider now owns 13,495 shares of the company’s stock, valued at $764,491.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CTVA shares. Oppenheimer lifted their price target on shares of Corteva from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. TheStreet upgraded Corteva from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Mizuho raised their price target on Corteva from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. UBS Group dropped their target price on shares of Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $57.00 price target (down previously from $58.00) on shares of Corteva in a report on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.24.

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.