Corteva, Inc. $CTVA Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 235,456 shares of the company’s stock after buying an additional 7,037 shares during the quarter. HighTower Advisors LLC’s holdings in Corteva were worth $19,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Corteva by 7,664.4% during the second quarter. California State Teachers Retirement System now owns 139,830,304 shares of the company’s stock worth $11,842,228,000 after acquiring an additional 138,029,377 shares during the period. BlackRock Inc. acquired a new stake in Corteva in the second quarter valued at approximately $4,560,180,000. Harris Associates L P lifted its stake in Corteva by 168.1% in the fourth quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock worth $1,141,268,000 after acquiring an additional 10,675,052 shares during the last quarter. Norges Bank acquired a new position in Corteva during the 4th quarter worth approximately $504,001,000. Finally, Wellington Management Group LLP grew its holdings in Corteva by 941.7% during the 2nd quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock worth $644,720,000 after acquiring an additional 6,881,875 shares in the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CTVA. UBS Group reduced their price objective on shares of Corteva from $89.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $101.00 target price on shares of Corteva in a research note on Monday, August 3rd. Zacks Research downgraded Corteva from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Mizuho increased their price objective on Corteva from $96.00 to $97.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets raised their target price on Corteva from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Corteva has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Corteva Stock Performance

Shares of CTVA stock opened at $85.95 on Wednesday. The stock’s 50-day moving average is $83.53 and its two-hundred day moving average is $81.20. The firm has a market cap of $57.34 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 2.70 and a beta of 0.57. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $90.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52.

Corteva (NYSE:CTVA) last posted its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The business had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the business earned $2.20 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.18 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Corteva’s payout ratio is currently 47.68%.

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.