Lavaca Capital LLC Has $45,000 Stock Position in Corteva, Inc. $CTVA

Lavaca Capital LLC reduced its position in shares of Corteva, Inc. (NYSE:CTVA) by 95.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 600 shares of the company’s stock after selling 12,078 shares during the period. Lavaca Capital LLC’s holdings in Corteva were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CTVA. HUB Investment Partners LLC lifted its position in Corteva by 9.3% during the 2nd quarter. HUB Investment Partners LLC now owns 6,448 shares of the company’s stock worth $481,000 after acquiring an additional 548 shares during the last quarter. Ieq Capital LLC increased its stake in shares of Corteva by 710.9% in the second quarter. Ieq Capital LLC now owns 43,034 shares of the company’s stock worth $3,207,000 after purchasing an additional 37,727 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Corteva by 32.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 501,402 shares of the company’s stock worth $37,369,000 after purchasing an additional 122,634 shares during the last quarter. Nebula Research & Development LLC acquired a new position in shares of Corteva during the 2nd quarter worth about $1,290,000. Finally, Dearborn Partners LLC boosted its stake in Corteva by 1.7% during the 2nd quarter. Dearborn Partners LLC now owns 467,986 shares of the company’s stock valued at $34,879,000 after purchasing an additional 7,717 shares during the period. Institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CTVA. Deutsche Bank Aktiengesellschaft dropped their price target on Corteva from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corteva in a research report on Monday. Morgan Stanley set a $84.00 target price on shares of Corteva in a research note on Monday, September 15th. Citigroup raised their price target on shares of Corteva from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Corteva from a “buy” rating to a “hold” rating in a research report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.05.

Corteva Price Performance

NYSE:CTVA opened at $66.03 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.58. The company has a 50-day moving average of $64.22 and a 200-day moving average of $69.49. Corteva, Inc. has a 52 week low of $53.40 and a 52 week high of $77.41. The company has a market capitalization of $44.62 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.48 and a beta of 0.74.

Corteva (NYSE:CTVA) last posted its earnings results on Tuesday, November 4th. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.26. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Corteva had a net margin of 9.19% and a return on equity of 9.37%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.49) earnings per share. As a group, equities research analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, December 1st. Corteva’s dividend payout ratio (DPR) is 30.77%.

Corteva 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.