Corteva, Inc. (NYSE:CTVA) Stock Holdings Raised by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its position in Corteva, Inc. (NYSE:CTVA) by 535.6% in the fourth quarter, Holdings Channel reports. The firm owned 57,063 shares of the company’s stock after purchasing an additional 48,085 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Corteva were worth $3,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its holdings in Corteva by 44.4% during the 3rd 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 last quarter. First Financial Corp IN bought a new position in Corteva during the fourth quarter worth $35,000. Albion Financial Group UT boosted its holdings in Corteva by 112.6% in the fourth quarter. Albion Financial Group UT now owns 606 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares during the period. Brown Lisle Cummings Inc. increased its stake in Corteva by 159.6% during the fourth quarter. Brown Lisle Cummings Inc. now owns 732 shares of the company’s stock valued at $42,000 after purchasing an additional 450 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Corteva during the fourth quarter worth $55,000. 81.54% of the stock is owned by institutional investors.

Corteva Price Performance

Shares of NYSE:CTVA opened at $62.33 on Friday. The stock’s 50 day moving average price is $60.22 and its 200 day moving average price is $58.11. 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 stock has a market cap of $42.84 billion, a price-to-earnings ratio of 62.96, a PEG ratio of 1.71 and a beta of 0.78. Corteva, Inc. has a 12 month low of $50.01 and a 12 month high of $66.24.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a net margin of 4.18% and a return on equity of 6.63%. Equities research analysts anticipate that Corteva, Inc. will post 2.58 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.17 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.09%. Corteva’s dividend payout ratio is currently 52.71%.

Corteva declared that its board has initiated a stock buyback program on Tuesday, November 19th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

CTVA has been the subject of a number of recent research reports. UBS Group lowered their price objective on shares of Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company increased their price target on Corteva from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. KeyCorp reduced their price objective on Corteva from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $70.00 target price (up from $69.00) on shares of Corteva in a research report on Friday, November 8th. Finally, Citigroup boosted their price target on shares of Corteva from $69.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Corteva has an average rating of “Moderate Buy” and an average price target of $67.06.

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.