Westwood Holdings Group Inc. Has $10.63 Million Position in Corteva, Inc. $CTVA

Westwood Holdings Group Inc. cut its holdings in Corteva, Inc. (NYSE:CTVA) by 5.9% in the second quarter, Holdings Channel.com reports. The fund owned 142,671 shares of the company’s stock after selling 9,004 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Corteva were worth $10,633,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Gladwyn Financial Advisors Inc. acquired a new stake in shares of Corteva in the 2nd quarter valued at $25,000. Curat Global LLC lifted its position in shares of Corteva by 93.7% in the second quarter. Curat Global LLC now owns 370 shares of the company’s stock worth $28,000 after buying an additional 179 shares during the last quarter. Maryland Capital Advisors Inc. bought a new stake in shares of Corteva during the 2nd quarter worth about $29,000. DHJJ Financial Advisors Ltd. increased its holdings in shares of Corteva by 132.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 527 shares of the company’s stock valued at $39,000 after acquiring an additional 300 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its stake 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 acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Insider Buying and Selling at Corteva

In related news, EVP Robert D. King sold 37,280 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $74.20, for a total value of $2,766,176.00. Following the sale, the executive vice president owned 49,262 shares of the company’s stock, valued at $3,655,240.40. The trade was a 43.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Corteva Trading Down 0.3%

Corteva stock opened at $65.98 on Friday. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $77.41. The stock has a market cap of $44.58 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 1.50 and a beta of 0.81. The business has a 50 day moving average price of $65.70 and a two-hundred day moving average price of $69.60. The company has a quick ratio of 1.07, a current ratio of 1.58 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.26. The business had revenue of $2.62 billion for 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) earnings per share. As a group, equities analysts forecast that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, December 1st. Corteva’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Argus decreased their target price on Corteva from $83.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Wall Street Zen raised shares of Corteva from a “hold” rating to a “buy” rating in a report on Sunday. Royal Bank Of Canada lowered their target price on shares of Corteva from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Jefferies Financial Group cut their target price on shares of Corteva from $92.00 to $85.00 in a research report on Thursday, October 2nd. Finally, Wolfe Research raised their price target on Corteva from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.39.

About Corteva

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.