Signaturefd LLC Sells 686 Shares of Corteva, Inc. (NYSE:CTVA)

Signaturefd LLC lowered its position in Corteva, Inc. (NYSE:CTVA) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,294 shares of the company’s stock after selling 686 shares during the period. Signaturefd LLC’s holdings in Corteva were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CTVA. Harris Associates L P bought a new stake in Corteva in the third quarter worth about $246,423,000. Van ECK Associates Corp increased its position in shares of Corteva by 78.7% during the third quarter. Van ECK Associates Corp now owns 7,645,091 shares of the company’s stock worth $391,123,000 after acquiring an additional 3,366,106 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Corteva by 29.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,095,076 shares of the company’s stock worth $567,624,000 after acquiring an additional 2,545,570 shares during the period. Vanguard Group Inc. increased its position in shares of Corteva by 2.4% during the third quarter. Vanguard Group Inc. now owns 81,346,924 shares of the company’s stock worth $4,161,709,000 after acquiring an additional 1,941,323 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Corteva by 662.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,535,708 shares of the company’s stock worth $73,591,000 after acquiring an additional 1,334,415 shares during the period. Institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTVA. Oppenheimer raised their target price on shares of Corteva from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Loop Capital raised shares of Corteva from a “hold” rating to a “buy” rating and raised their target price for the stock from $57.00 to $65.00 in a research report on Monday, February 12th. Royal Bank of Canada raised their target price on shares of Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Mizuho cut their price objective on shares of Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Corteva from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Corteva presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.29.

Corteva Trading Down 0.7 %

NYSE:CTVA opened at $54.77 on Thursday. Corteva, Inc. has a 12 month low of $43.22 and a 12 month high of $61.87. The firm has a fifty day simple moving average of $55.28 and a 200-day simple moving average of $50.40. The company has a current ratio of 1.56, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $38.28 billion, a P/E ratio of 53.70, a PEG ratio of 1.45 and a beta of 0.77.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities research analysts anticipate that Corteva, Inc. will post 2.84 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. Corteva’s dividend payout ratio is presently 62.75%.

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.