Prestige Wealth Management Group LLC Has $706,000 Holdings in Corteva, Inc. $CTVA

Prestige Wealth Management Group LLC increased its holdings in Corteva, Inc. (NYSE:CTVA) by 2,408.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,536 shares of the company’s stock after acquiring an additional 10,116 shares during the period. Prestige Wealth Management Group LLC’s holdings in Corteva were worth $706,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Drummond Knight Asset Management Pty Ltd purchased a new stake in Corteva in the 4th quarter valued at about $25,713,000. Alberta Investment Management Corp purchased a new stake in Corteva in the 3rd quarter valued at about $5,018,000. Avior Wealth Management LLC increased its stake in Corteva by 464.7% in the 4th quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock valued at $2,205,000 after buying an additional 27,075 shares during the last quarter. HighTower Advisors LLC increased its stake in Corteva by 8.6% in the 3rd quarter. HighTower Advisors LLC now owns 182,643 shares of the company’s stock valued at $12,352,000 after buying an additional 14,436 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension purchased a new stake in Corteva in the 4th quarter valued at about $23,679,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analyst Ratings Changes

CTVA has been the subject of several analyst reports. Wolfe Research increased their price objective on shares of Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Argus increased their price objective on shares of Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Wells Fargo & Company increased their price objective on shares of Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Jefferies Financial Group raised their price target on shares of Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group raised their price target on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.67.

Corteva Trading Down 0.4%

Shares of CTVA stock opened at $77.49 on Friday. The company has a 50 day moving average of $81.27 and a 200-day moving average of $74.92. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $85.63. The firm has a market cap of $51.82 billion, a P/E ratio of 45.58, a PEG ratio of 2.38 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the business posted $1.13 EPS. Corteva’s quarterly revenue was up 11.0% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Sell-side analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

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.