Community Bank N.A. Sells 705 Shares of Corteva, Inc. (NYSE:CTVA)

Community Bank N.A. cut its stake in Corteva, Inc. (NYSE:CTVA) by 57.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 515 shares of the company’s stock after selling 705 shares during the period. Community Bank N.A.’s holdings in Corteva were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in shares of Corteva in the fourth quarter valued at about $25,000. Noble Wealth Management PBC bought a new position in Corteva during the fourth quarter worth about $26,000. Hager Investment Management Services LLC bought a new position in Corteva during the fourth quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in Corteva during the fourth quarter worth about $32,000. Finally, Centricity Wealth Management LLC bought a new position in Corteva during the fourth quarter worth about $34,000. 81.54% of the stock is owned by institutional investors.

Corteva Trading Down 0.2 %

CTVA opened at $61.70 on Monday. The company’s 50 day moving average is $62.44 and its 200-day moving average is $59.90. Corteva, Inc. has a 1-year low of $50.01 and a 1-year high of $66.24. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08. The company has a market cap of $42.30 billion, a P/E ratio of 47.83, a PEG ratio of 1.68 and a beta of 0.79.

Corteva (NYSE:CTVA) last posted its earnings results on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. Equities research analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.68 annualized dividend and a yield of 1.10%. Corteva’s dividend payout ratio is presently 52.71%.

Insider Buying and Selling

In related news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the sale, the insider now directly owns 11,347 shares in the company, valued at $723,257.78. This trade represents a 70.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CTVA has been the topic of a number of recent research reports. Barclays raised their price target on shares of Corteva from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Citigroup raised their price target on shares of Corteva from $69.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Corteva from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. BNP Paribas upgraded shares of Corteva to a “hold” rating in a research note on Monday, February 10th. Finally, Oppenheimer increased their price objective on shares of Corteva from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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.