Partners Capital Investment Group LLP Acquires Shares of 162,111 Corteva, Inc. $CTVA

Partners Capital Investment Group LLP acquired a new position in shares of Corteva, Inc. (NYSE:CTVA) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 162,111 shares of the company’s stock, valued at approximately $10,202,000.

Other institutional investors also recently made changes to their positions in the company. Legacy Financial Advisors Inc. boosted its holdings in Corteva by 4.4% in the first quarter. Legacy Financial Advisors Inc. now owns 3,761 shares of the company’s stock worth $237,000 after purchasing an additional 160 shares during the period. Signaturefd LLC lifted its position in shares of Corteva by 1.9% in the 1st quarter. Signaturefd LLC now owns 9,353 shares of the company’s stock worth $589,000 after buying an additional 172 shares during the last quarter. NTV Asset Management LLC boosted its holdings in shares of Corteva by 3.3% in the 1st quarter. NTV Asset Management LLC now owns 5,457 shares of the company’s stock valued at $343,000 after buying an additional 173 shares during the period. Avantax Planning Partners Inc. boosted its holdings in shares of Corteva by 4.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 4,539 shares of the company’s stock valued at $286,000 after buying an additional 178 shares during the period. Finally, PFG Investments LLC grew its position in shares of Corteva by 1.4% during the 1st quarter. PFG Investments LLC now owns 12,867 shares of the company’s stock valued at $810,000 after buying an additional 180 shares during the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CTVA shares. Citigroup raised their target price on shares of Corteva from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Morgan Stanley raised their price target on Corteva from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. KeyCorp boosted their price objective on Corteva from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Barclays raised Corteva from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $84.00 in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Corteva in a report on Friday, June 6th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

Corteva Trading Up 0.6%

Shares of CTVA stock opened at $72.8220 on Thursday. Corteva, Inc. has a 1 year low of $53.40 and a 1 year high of $77.41. The firm has a market capitalization of $49.45 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 1.66 and a beta of 0.75. The stock has a fifty day moving average of $73.39 and a two-hundred day moving average of $66.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.23 and a current ratio of 1.68.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. Corteva had a return on equity of 8.68% and a net margin of 8.16%.The company had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same period last year, the company earned $1.83 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts expect that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. This is a boost from Corteva’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, September 2nd. Corteva’s payout ratio is 33.17%.

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.