WCG Wealth Advisors LLC Acquires New Shares in Corteva, Inc. $CTVA

WCG Wealth Advisors LLC acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 19,833 shares of the company’s stock, valued at approximately $1,329,000.

Several other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in shares of Corteva by 65.1% during the 4th quarter. CIBC Asset Management Inc now owns 166,264 shares of the company’s stock valued at $11,145,000 after acquiring an additional 65,563 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Corteva by 26.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,531,726 shares of the company’s stock valued at $370,792,000 after acquiring an additional 1,150,926 shares in the last quarter. Westpac Banking Corp boosted its holdings in shares of Corteva by 121.3% during the 4th quarter. Westpac Banking Corp now owns 16,061 shares of the company’s stock valued at $1,077,000 after acquiring an additional 8,803 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Corteva by 3.3% during the 4th quarter. Natixis Advisors LLC now owns 657,702 shares of the company’s stock valued at $44,086,000 after acquiring an additional 21,075 shares in the last quarter. Finally, 3Chopt Investment Partners LLC boosted its holdings in shares of Corteva by 34.7% during the 4th quarter. 3Chopt Investment Partners LLC now owns 8,186 shares of the company’s stock valued at $549,000 after acquiring an additional 2,110 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CTVA shares. Morgan Stanley raised their price objective on Corteva from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Argus raised their price objective on Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Wells Fargo & Company raised their price objective on Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Rothschild & Co Redburn raised their target price on Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, UBS Group raised their target price on Corteva from $88.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.67.

Corteva Stock Performance

CTVA stock opened at $77.06 on Friday. The stock has a 50-day moving average price of $81.17 and a 200-day moving average price of $74.94. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $85.63. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. The firm has a market cap of $51.54 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 2.37 and a beta of 0.57.

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

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.18 dividend. The ex-dividend date of this dividend 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 42.35%.

Corteva Company Profile

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.