Diligent Investors LLC Sells 162 Shares of Corteva, Inc. (NYSE:CTVA)

Diligent Investors LLC reduced its stake in Corteva, Inc. (NYSE:CTVA) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 29,754 shares of the company’s stock after selling 162 shares during the quarter. Diligent Investors LLC’s holdings in Corteva were worth $1,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTVA. Dunhill Financial LLC grew its stake in shares of Corteva by 57.2% in the 4th quarter. Dunhill Financial LLC now owns 915 shares of the company’s stock valued at $52,000 after buying an additional 333 shares during the period. EP Wealth Advisors LLC boosted its holdings in Corteva by 4.8% in the fourth quarter. EP Wealth Advisors LLC now owns 18,113 shares of the company’s stock worth $1,032,000 after acquiring an additional 831 shares in the last quarter. CoreCap Advisors LLC grew its stake in Corteva by 7.9% in the fourth quarter. CoreCap Advisors LLC now owns 15,198 shares of the company’s stock valued at $866,000 after acquiring an additional 1,108 shares during the period. Cetera Investment Advisers increased its holdings in shares of Corteva by 10.4% during the fourth quarter. Cetera Investment Advisers now owns 117,433 shares of the company’s stock valued at $6,689,000 after acquiring an additional 11,110 shares in the last quarter. Finally, BOKF NA raised its position in shares of Corteva by 28.0% during the fourth quarter. BOKF NA now owns 134,310 shares of the company’s stock worth $7,668,000 after purchasing an additional 29,400 shares during the period. 81.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTVA has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Corteva from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Bank of America boosted their target price on shares of Corteva from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Barclays raised their price target on shares of Corteva from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Royal Bank of Canada raised their target price on Corteva from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, BNP Paribas upgraded shares of Corteva to a “hold” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.43.

Insider Buying and Selling at Corteva

In other Corteva news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the completion of the transaction, the insider now owns 11,347 shares of the company’s stock, valued at $723,257.78. The trade was a 70.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

Corteva Trading Up 0.2 %

Shares of CTVA opened at $62.51 on Wednesday. Corteva, Inc. has a fifty-two week low of $50.01 and a fifty-two week high of $66.24. The business has a 50-day moving average of $60.59 and a 200 day moving average of $60.61. The firm has a market cap of $42.70 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 1.45.

Corteva (NYSE:CTVA) last posted its earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. As a group, research analysts forecast that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.09%. Corteva’s dividend payout ratio is 52.71%.

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.