7,115 Shares in Corteva, Inc. $CTVA Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new position in shares of Corteva, Inc. (NYSE:CTVA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,115 shares of the company’s stock, valued at approximately $603,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTVA. JPL Wealth Management LLC bought a new stake in shares of Corteva in the 3rd quarter valued at about $25,000. Garton & Associates Financial Advisors LLC bought a new position in Corteva during the fourth quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new position in Corteva during the fourth quarter worth approximately $28,000. Cornerstone Financial Management LLC acquired a new position in Corteva during the fourth quarter worth approximately $29,000. Finally, Elevation Wealth Partners LLC raised its stake in Corteva by 334.6% in the second quarter. Elevation Wealth Partners LLC now owns 339 shares of the company’s stock valued at $29,000 after buying an additional 261 shares during the period. Institutional investors own 81.54% of the company’s stock.

Corteva Price Performance

Shares of NYSE CTVA opened at $77.97 on Wednesday. The firm has a market cap of $52.02 billion, a P/E ratio of 51.64, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. The business’s 50 day moving average is $81.84 and its 200-day moving average is $80.12. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $90.97.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The business had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the company posted $2.20 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Equities research analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Corteva’s payout ratio is presently 47.68%.

Analysts Set New Price Targets

Several brokerages have recently commented on CTVA. Weiss Ratings downgraded Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on Corteva from $77.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Oppenheimer lifted their price objective on shares of Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Jefferies Financial Group upped their price objective on shares of Corteva from $95.00 to $97.00 in a report on Thursday, May 7th. Finally, UBS Group dropped their price objective on shares of Corteva from $89.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

About Corteva

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid?2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.