Vontobel Holding Ltd. Has $10.34 Million Stock Holdings in Corteva, Inc. (NYSE:CTVA)

Vontobel Holding Ltd. trimmed its stake in shares of Corteva, Inc. (NYSE:CTVA) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,751 shares of the company’s stock after selling 32,937 shares during the quarter. Vontobel Holding Ltd.’s holdings in Corteva were worth $10,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CTVA. Kingsview Wealth Management LLC lifted its stake in shares of Corteva by 2.0% in the third quarter. Kingsview Wealth Management LLC now owns 7,660 shares of the company’s stock valued at $438,000 after buying an additional 153 shares in the last quarter. Centaurus Financial Inc. lifted its stake in shares of Corteva by 4.9% in the first quarter. Centaurus Financial Inc. now owns 3,867 shares of the company’s stock valued at $233,000 after buying an additional 182 shares in the last quarter. Laidlaw Wealth Management LLC lifted its stake in shares of Corteva by 5.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 3,968 shares of the company’s stock valued at $233,000 after buying an additional 194 shares in the last quarter. Arcataur Capital Management LLC lifted its stake in shares of Corteva by 2.4% in the third quarter. Arcataur Capital Management LLC now owns 8,598 shares of the company’s stock valued at $440,000 after buying an additional 200 shares in the last quarter. Finally, Union Savings Bank lifted its stake in shares of Corteva by 58.5% in the third quarter. Union Savings Bank now owns 577 shares of the company’s stock valued at $30,000 after buying an additional 213 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CTVA shares. Wells Fargo & Company raised their price objective on shares of Corteva from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Barclays increased their target price on shares of Corteva from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. TheStreet upgraded shares of Corteva from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Royal Bank of Canada increased their target price on shares of Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, BNP Paribas upgraded shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 target price for the company in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.29.

Corteva Price Performance

CTVA opened at $53.32 on Wednesday. The company has a market capitalization of $37.26 billion, a price-to-earnings ratio of 52.28, a PEG ratio of 1.40 and a beta of 0.77. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $55.20 and a 200-day moving average price of $50.22. Corteva, Inc. has a twelve month low of $43.22 and a twelve month high of $63.06.

Corteva (NYSE:CTVA) last posted its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.09. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same quarter last year, the company earned $0.16 earnings per share. Equities analysts expect that Corteva, Inc. will post 2.86 EPS for the current year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.16 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.20%. Corteva’s payout ratio is 62.75%.

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.