Curat Global LLC Purchases 179 Shares of Corteva, Inc. $CTVA

Curat Global LLC increased its position in Corteva, Inc. (NYSE:CTVA) by 93.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 370 shares of the company’s stock after purchasing an additional 179 shares during the quarter. Curat Global LLC’s holdings in Corteva were worth $28,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gladwyn Financial Advisors Inc. bought a new stake in shares of Corteva in the 2nd quarter valued at about $25,000. Maryland Capital Advisors Inc. bought a new stake in shares of Corteva in the 2nd quarter valued at about $29,000. Princeton Global Asset Management LLC raised its holdings in shares of Corteva by 61.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 525 shares of the company’s stock valued at $39,000 after purchasing an additional 200 shares during the period. Valley National Advisers Inc. raised its holdings in shares of Corteva by 85.9% in the 1st quarter. Valley National Advisers Inc. now owns 526 shares of the company’s stock valued at $33,000 after purchasing an additional 243 shares during the period. Finally, DHJJ Financial Advisors Ltd. raised its holdings 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 period. 81.54% of the stock is owned by institutional investors.

Corteva Stock Up 0.2%

Shares of CTVA opened at $63.63 on Monday. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $77.41. The firm’s 50 day moving average is $68.53 and its 200-day moving average is $69.20. The stock has a market capitalization of $43.21 billion, a PE ratio of 31.04, a P/E/G ratio of 1.46 and a beta of 0.76. The company has a current ratio of 1.68, a quick ratio of 1.23 and a debt-to-equity ratio of 0.06.

Corteva (NYSE:CTVA) last announced its 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. Corteva had a net margin of 8.16% and a return on equity of 8.68%. The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.26 billion. During the same period last year, the firm earned $1.83 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts forecast that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 2nd. Corteva’s payout ratio is 35.12%.

Wall Street Analyst Weigh In

CTVA has been the topic of several research analyst reports. Argus lowered their price target on shares of Corteva from $83.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, October 13th. BMO Capital Markets set a $86.00 price target on shares of Corteva in a report on Monday, September 15th. Barclays raised shares of Corteva from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $75.00 to $84.00 in a report on Wednesday, August 13th. Citigroup cut shares of Corteva from a “buy” rating to a “neutral” rating and lowered their price target for the company from $83.00 to $70.00 in a report on Thursday, October 2nd. Finally, Jefferies Financial Group lowered their price target on shares of Corteva from $92.00 to $85.00 in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Corteva presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.94.

Insider Activity

In related news, EVP Robert D. King sold 37,280 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were 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 trade represents a 43.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.