Corteva, Inc. $CTVA Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its stake in Corteva, Inc. (NYSE:CTVA) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,115 shares of the company’s stock after purchasing an additional 406 shares during the period. TD Private Client Wealth LLC’s holdings in Corteva were worth $307,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Maryland Capital Advisors Inc. acquired a new position in shares of Corteva in the second quarter valued at approximately $29,000. Valley National Advisers Inc. increased its position in Corteva by 85.9% during the 1st quarter. Valley National Advisers Inc. now owns 526 shares of the company’s stock worth $33,000 after purchasing an additional 243 shares during the period. Richardson Capital Management LLC acquired a new position in Corteva during the 1st quarter worth approximately $37,000. von Borstel & Associates Inc. acquired a new position in Corteva during the 1st quarter worth approximately $44,000. Finally, Horizon Financial Services LLC increased its position in Corteva by 4,444.4% during the 1st quarter. Horizon Financial Services LLC now owns 818 shares of the company’s stock worth $51,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CTVA. Royal Bank Of Canada reiterated an “outperform” rating on shares of Corteva in a research report on Monday, August 11th. Zacks Research upgraded Corteva to a “hold” rating in a research report on Friday, August 8th. Wall Street Zen upgraded Corteva from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Wells Fargo & Company reiterated an “overweight” rating and set a $83.00 target price (up previously from $82.00) on shares of Corteva in a research report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Corteva from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Corteva presently has an average rating of “Moderate Buy” and an average price target of $82.00.

Corteva Price Performance

Shares of NYSE:CTVA opened at $68.06 on Monday. The business’s 50 day simple moving average is $72.11 and its 200-day simple moving average is $68.84. The firm has a market capitalization of $46.22 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 1.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.23. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $77.41.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.89 by $0.31. The business had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.26 billion. Corteva had a return on equity of 8.68% and a net margin of 8.16%.The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.83 EPS. As a group, equities analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.18 per share. This is a boost from Corteva’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, September 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. Corteva’s payout ratio is currently 35.12%.

Insider Buying and Selling

In other Corteva news, EVP Robert D. King sold 37,280 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $74.20, for a total transaction of $2,766,176.00. Following the sale, the executive vice president owned 49,262 shares in the company, valued at approximately $3,655,240.40. This represents a 43.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.

Corteva Company 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.