Corteva, Inc. $CTVA Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in Corteva, Inc. (NYSE:CTVA) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,105 shares of the company’s stock after selling 19,542 shares during the quarter. Brown Advisory Inc.’s holdings in Corteva were worth $20,653,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CTVA. Gladwyn Financial Advisors Inc. acquired a new stake in shares of Corteva during the 2nd quarter worth approximately $25,000. Curat Global LLC grew its position in Corteva by 93.7% in the second quarter. Curat Global LLC now owns 370 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares during the period. Maryland Capital Advisors Inc. acquired a new stake in Corteva during the second quarter worth $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Corteva in the second quarter valued at $29,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in shares of Corteva by 132.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 527 shares of the company’s stock valued at $39,000 after purchasing an additional 300 shares during the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

Corteva Stock Down 0.4%

Shares of NYSE CTVA opened at $65.99 on Friday. The stock has a market cap of $44.59 billion, a P/E ratio of 28.20, a PEG ratio of 1.50 and a beta of 0.74. The business’s fifty day simple moving average is $64.18 and its 200-day simple moving average is $69.59. Corteva, Inc. has a 12-month low of $53.40 and a 12-month high of $77.41. The company has a current ratio of 1.58, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last released its earnings results on Tuesday, November 4th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.26. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Corteva had a return on equity of 9.37% and a net margin of 9.19%.Corteva’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.49) EPS. As a group, equities analysts predict that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.18 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. Corteva’s payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CTVA shares. Zacks Research downgraded Corteva from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. The Goldman Sachs Group dropped their target price on shares of Corteva from $85.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Mizuho decreased their price target on Corteva from $85.00 to $78.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. BMO Capital Markets set a $86.00 price objective on Corteva in a research note on Monday, September 15th. Finally, Wells Fargo & Company cut their price objective on Corteva from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Fifteen analysts have rated the stock with a Buy rating and seven have issued a Hold 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 $78.05.

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.