OneAscent Financial Services LLC Buys 771 Shares of Corteva, Inc. (NYSE:CTVA)

OneAscent Financial Services LLC grew its stake in shares of Corteva, Inc. (NYSE:CTVA) by 16.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,332 shares of the company’s stock after acquiring an additional 771 shares during the period. OneAscent Financial Services LLC’s holdings in Corteva were worth $304,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Flagship Wealth Advisors LLC bought a new position in Corteva during the fourth quarter valued at $25,000. Noble Wealth Management PBC bought a new position in shares of Corteva during the 4th quarter worth $26,000. Hager Investment Management Services LLC purchased a new stake in Corteva in the 4th quarter worth about $27,000. Golden State Wealth Management LLC bought a new stake in Corteva in the 4th quarter valued at about $32,000. Finally, Centricity Wealth Management LLC purchased a new stake in Corteva during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Insider Transactions at Corteva

In other 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 value of $1,692,934.40. Following the transaction, the insider now owns 11,347 shares in the company, valued at approximately $723,257.78. The trade was a 70.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

CTVA has been the topic of several research reports. BNP Paribas raised shares of Corteva to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company increased their target price on Corteva from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Bank of America lifted their price target on Corteva from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. UBS Group dropped their price objective on Corteva from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, KeyCorp lifted their target price on Corteva from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Corteva has an average rating of “Moderate Buy” and a consensus target price of $68.06.

Corteva Stock Performance

NYSE CTVA opened at $55.66 on Friday. The company has a market capitalization of $38.02 billion, a P/E ratio of 43.15, a P/E/G ratio of 1.68 and a beta of 0.73. 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, Inc. has a 52-week low of $50.01 and a 52-week high of $66.24. The company has a fifty day moving average of $62.36 and a 200-day moving average of $60.26.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Monday, March 3rd. Corteva’s dividend payout ratio (DPR) is presently 52.71%.

Corteva 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.