Northwest Capital Management Inc Decreases Stock Position in Corteva, Inc. (NYSE:CTVA)

Northwest Capital Management Inc lessened its stake in shares of Corteva, Inc. (NYSE:CTVA) by 44.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,717 shares of the company’s stock after selling 2,922 shares during the period. Northwest Capital Management Inc’s holdings in Corteva were worth $178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC raised its holdings in Corteva by 3.1% during the 4th quarter. WCM Investment Management LLC now owns 7,103,146 shares of the company’s stock valued at $341,590,000 after buying an additional 213,949 shares during the period. 17 Capital Partners LLC purchased a new stake in Corteva in the fourth quarter worth $1,649,000. Factory Mutual Insurance Co. increased its stake in Corteva by 10.7% in the fourth quarter. Factory Mutual Insurance Co. now owns 532,558 shares of the company’s stock worth $25,520,000 after purchasing an additional 51,500 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Corteva by 9.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 777,833 shares of the company’s stock worth $39,794,000 after purchasing an additional 68,593 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Corteva by 1.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,760,701 shares of the company’s stock worth $132,293,000 after purchasing an additional 31,171 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

CTVA has been the topic of a number of recent analyst reports. Barclays increased their target price on Corteva from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $57.00 target price (down previously from $58.00) on shares of Corteva in a research note on Friday, April 12th. Royal Bank of Canada increased their price target on Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. KeyCorp increased their price target on Corteva from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Finally, BNP Paribas raised Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price target on the stock in a research report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Corteva currently has an average rating of “Moderate Buy” and a consensus target price of $63.29.

Corteva Stock Up 1.6 %

NYSE CTVA traded up $0.84 during trading on Friday, hitting $54.80. The company’s stock had a trading volume of 2,052,668 shares, compared to its average volume of 2,638,496. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90. The company has a market cap of $38.30 billion, a PE ratio of 53.73, a P/E/G ratio of 1.44 and a beta of 0.77. The business’s 50 day simple moving average is $55.23 and its 200-day simple moving average is $50.30. Corteva, Inc. has a fifty-two week low of $43.22 and a fifty-two week high of $62.10.

Corteva (NYSE:CTVA) last issued its quarterly 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 business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same quarter last year, the company earned $0.16 earnings per share. On average, equities analysts anticipate that Corteva, Inc. will post 2.84 EPS for the current fiscal year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 29th. Corteva’s payout ratio is 62.75%.

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.