983 Shares in Corteva, Inc. (NYSE:CTVA) Bought by Olistico Wealth LLC

Olistico Wealth LLC purchased a new stake in Corteva, Inc. (NYSE:CTVA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 983 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its stake in shares of Corteva by 6.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 343,718 shares of the company’s stock valued at $16,529,000 after buying an additional 21,999 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Corteva in the fourth quarter worth about $4,852,000. Allworth Financial LP lifted its stake in Corteva by 7.7% during the fourth quarter. Allworth Financial LP now owns 7,251 shares of the company’s stock worth $347,000 after purchasing an additional 518 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in Corteva by 43.6% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 15,451 shares of the company’s stock valued at $740,000 after purchasing an additional 4,690 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Corteva by 4.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 134,597 shares of the company’s stock valued at $6,290,000 after purchasing an additional 5,753 shares during the period. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company decreased their price target on Corteva from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets boosted their target price on shares of Corteva from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Canaccord Genuity Group upped their target price on shares of Corteva from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. OTR Global reissued a “negative” rating on shares of Corteva in a report on Friday, June 7th. Finally, KeyCorp decreased their price objective on shares of Corteva from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.00.

Corteva Trading Down 0.8 %

NYSE CTVA traded down $0.40 on Wednesday, reaching $50.78. The company had a trading volume of 2,520,164 shares, compared to its average volume of 3,424,587. The company has a quick ratio of 0.97, a current ratio of 1.72 and a debt-to-equity ratio of 0.10. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $58.76. The stock has a market cap of $35.39 billion, a price-to-earnings ratio of 64.38, a PEG ratio of 1.46 and a beta of 0.77. The stock’s 50 day moving average is $53.31 and its 200-day moving average is $54.07.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. The company had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.15 billion. Corteva had a net margin of 5.31% and a return on equity of 7.30%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. Equities analysts predict that Corteva, Inc. will post 2.73 earnings per share for the current year.

Corteva Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.17 per share. This is an increase from Corteva’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, September 3rd. Corteva’s dividend payout ratio (DPR) is 81.01%.

Insider Buying and Selling at Corteva

In related news, insider Samuel R. Eathington sold 31,686 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $57.64, for a total value of $1,826,381.04. Following the sale, the insider now directly owns 53,854 shares of the company’s stock, valued at approximately $3,104,144.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Samuel R. Eathington sold 31,686 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $57.64, for a total transaction of $1,826,381.04. Following the completion of the transaction, the insider now directly owns 53,854 shares of the company’s stock, valued at approximately $3,104,144.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornel B. Fuerer sold 39,736 shares of Corteva stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $57.41, for a total transaction of $2,281,243.76. Following the completion of the sale, the senior vice president now owns 126,628 shares in the company, valued at $7,269,713.48. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

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.