Oxbow Advisors LLC Acquires 1,789 Shares of Corteva, Inc. $CTVA

Oxbow Advisors LLC boosted its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 49,710 shares of the company’s stock after purchasing an additional 1,789 shares during the period. Oxbow Advisors LLC’s holdings in Corteva were worth $3,705,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Maryland Capital Advisors Inc. bought a new stake in shares of Corteva in the second quarter valued at about $29,000. Valley National Advisers Inc. lifted its holdings in shares of Corteva by 85.9% in the first quarter. Valley National Advisers Inc. now owns 526 shares of the company’s stock valued at $33,000 after purchasing an additional 243 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its holdings in shares of Corteva by 132.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 527 shares of the company’s stock valued at $39,000 after purchasing an additional 300 shares in the last quarter. Richardson Capital Management LLC bought a new stake in shares of Corteva in the first quarter valued at about $37,000. Finally, von Borstel & Associates Inc. bought a new stake in shares of Corteva in the first quarter valued at about $44,000. 81.54% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on CTVA shares. Deutsche Bank Aktiengesellschaft boosted their price target on Corteva from $83.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company lowered their target price on Corteva from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. BMO Capital Markets set a $86.00 target price on Corteva in a research report on Monday, September 15th. Barclays raised Corteva from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $84.00 in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. raised Corteva from a “neutral” rating to an “overweight” rating and set a $67.00 target price on the stock in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.63.

Corteva Price Performance

Shares of NYSE CTVA opened at $61.20 on Friday. The business’s 50 day moving average price is $69.63 and its two-hundred day moving average price is $68.90. The company has a market cap of $41.56 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.42 and a beta of 0.76. The company has a quick ratio of 1.23, a current ratio of 1.68 and a debt-to-equity ratio of 0.06. Corteva, Inc. has a twelve month low of $53.40 and a twelve month high of $77.41.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.31. The firm had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.26 billion. Corteva had a return on equity of 8.68% and a net margin of 8.16%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. On average, analysts predict that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 2nd. Corteva’s dividend payout ratio is presently 35.12%.

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.