Kestra Advisory Services LLC Boosts Stock Position in Corteva, Inc. $CTVA

Kestra Advisory Services LLC boosted its stake in shares of Corteva, Inc. (NYSE:CTVA) by 19.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,060 shares of the company’s stock after buying an additional 13,734 shares during the period. Kestra Advisory Services LLC’s holdings in Corteva were worth $6,953,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CTVA. Brighton Jones LLC raised its position in shares of Corteva by 307.2% in the 4th quarter. Brighton Jones LLC now owns 15,588 shares of the company’s stock worth $888,000 after purchasing an additional 11,760 shares during the last quarter. Woodline Partners LP increased its stake in Corteva by 40.3% during the 1st quarter. Woodline Partners LP now owns 57,919 shares of the company’s stock valued at $3,645,000 after purchasing an additional 16,644 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Corteva by 62.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,559 shares of the company’s stock worth $191,000 after buying an additional 980 shares in the last quarter. Cresset Asset Management LLC grew its holdings in shares of Corteva by 2.6% during the second quarter. Cresset Asset Management LLC now owns 7,063 shares of the company’s stock valued at $526,000 after buying an additional 181 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Corteva during the second quarter valued at approximately $1,464,000. 81.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

CTVA has been the topic of several analyst reports. BNP Paribas Exane upped their price objective on Corteva from $74.00 to $77.00 in a research report on Wednesday, May 6th. Weiss Ratings raised Corteva from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Argus boosted their price target on Corteva from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Oppenheimer upped their price target on Corteva from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, CICC Research increased their price objective on Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Corteva presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.95.

Corteva Stock Down 1.3%

Shares of Corteva stock opened at $84.91 on Wednesday. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $87.69. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $80.53 and its 200 day moving average is $77.87. The company has a market cap of $56.79 billion, a price-to-earnings ratio of 49.95, a price-to-earnings-growth ratio of 2.63 and a beta of 0.56.

Corteva (NYSE:CTVA) last posted its earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Research analysts anticipate that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 1st. Corteva’s dividend payout ratio (DPR) is 42.35%.

About Corteva

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.