Seelaus Asset Management LLC Buys Shares of 4,208 Corteva, Inc. (NYSE:CTVA)

Seelaus Asset Management LLC bought a new position in shares of Corteva, Inc. (NYSE:CTVA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,208 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new position in shares of Corteva during the 1st quarter worth approximately $25,000. Capital Advisors Ltd. LLC boosted its position in shares of Corteva by 44.4% during the third quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock worth $33,000 after buying an additional 174 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Corteva in the second quarter valued at $34,000. Redwood Wealth Management Group LLC acquired a new position in Corteva during the 2nd quarter worth about $43,000. Finally, Triad Wealth Partners LLC purchased a new position in Corteva during the 2nd quarter valued at about $45,000. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Corteva Trading Down 3.9 %

Shares of Corteva stock opened at $55.19 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 0.96. The business has a fifty day simple moving average of $58.34 and a two-hundred day simple moving average of $55.66. Corteva, Inc. has a 1 year low of $43.89 and a 1 year high of $63.75. The company has a market capitalization of $37.93 billion, a price-to-earnings ratio of 55.74, a P/E/G ratio of 1.85 and a beta of 0.77.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 annualized dividend and a yield of 1.23%. Corteva’s dividend payout ratio (DPR) is presently 68.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CTVA. Royal Bank of Canada reduced their price target on shares of Corteva from $69.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Morgan Stanley reissued an “overweight” rating and set a $65.00 target price on shares of Corteva in a research note on Tuesday, September 24th. UBS Group increased their price target on Corteva from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company cut their target price on shares of Corteva from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Corteva from $57.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Corteva currently has an average rating of “Moderate Buy” and an average target price of $63.68.

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.