NTV Asset Management LLC Trims Stake in Corteva, Inc. (NYSE:CTVA)

NTV Asset Management LLC cut its stake in shares of Corteva, Inc. (NYSE:CTVA) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,130 shares of the company’s stock after selling 512 shares during the period. NTV Asset Management LLC’s holdings in Corteva were worth $246,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CTVA. CVA Family Office LLC bought a new position in Corteva in the 4th quarter worth $25,000. BKM Wealth Management LLC bought a new position in shares of Corteva in the fourth quarter worth about $27,000. NewSquare Capital LLC grew its position in shares of Corteva by 70.6% during the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in Corteva by 234.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Finally, Naples Money Management LLC bought a new position in Corteva in the 4th quarter worth approximately $31,000. Institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CTVA. Wells Fargo & Company boosted their target price on shares of Corteva from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $57.00 price objective (down previously from $58.00) on shares of Corteva in a report on Friday, April 12th. BNP Paribas upgraded Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Friday, February 2nd. Oppenheimer raised their price target on Corteva from $67.00 to $69.00 and gave the company an “outperform” rating in a report on Friday. Finally, TheStreet raised Corteva from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.38.

Corteva Trading Up 0.3 %

Shares of NYSE CTVA traded up $0.18 during trading hours on Friday, reaching $57.16. The stock had a trading volume of 2,977,563 shares, compared to its average volume of 2,761,026. The business’s fifty day moving average price is $55.37 and its two-hundred day moving average price is $50.65. The firm has a market cap of $39.95 billion, a price-to-earnings ratio of 72.35, a P/E/G ratio of 1.50 and a beta of 0.78. Corteva, Inc. has a 52-week low of $43.22 and a 52-week high of $60.57. The company has a current ratio of 1.51, a quick ratio of 0.90 and a debt-to-equity ratio of 0.10.

Corteva (NYSE:CTVA) last posted its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Corteva had a net margin of 3.32% and a return on equity of 6.68%. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. Corteva’s revenue for the quarter was down 8.0% compared to the same quarter last year. Analysts expect that Corteva, Inc. will post 2.83 EPS for the current fiscal year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. Corteva’s payout ratio is 81.01%.

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.