Corteva, Inc. (NYSE:CTVA) Shares Acquired by Dearborn Partners LLC

Dearborn Partners LLC increased its position in shares of Corteva, Inc. (NYSE:CTVA) by 47.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,034 shares of the company’s stock after acquiring an additional 3,247 shares during the period. Dearborn Partners LLC’s holdings in Corteva were worth $590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in shares of Corteva in the first quarter worth $25,000. Capital Advisors Ltd. LLC boosted its holdings in Corteva by 44.4% in the third quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 174 shares during the period. Cultivar Capital Inc. purchased a new stake in Corteva during the 2nd quarter worth about $34,000. Redwood Wealth Management Group LLC acquired a new stake in Corteva in the 2nd quarter valued at about $43,000. Finally, Triad Wealth Partners LLC acquired a new stake in Corteva in the 2nd quarter valued at about $45,000. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CTVA shares. UBS Group upped their target price on shares of Corteva from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of Corteva from $57.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Bank of America upgraded Corteva from a “neutral” rating to a “buy” rating and raised their price target for the company from $59.00 to $67.00 in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Royal Bank of Canada dropped their price objective on Corteva from $69.00 to $68.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.68.

Corteva Stock Down 3.9 %

CTVA opened at $55.19 on Friday. Corteva, Inc. has a 52 week low of $43.89 and a 52 week high of $63.75. The business has a 50 day moving average price of $58.34 and a two-hundred day moving average price of $55.67. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a market cap of $37.93 billion, a PE ratio of 55.74, a P/E/G ratio of 1.85 and a beta of 0.77.

Corteva Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. Corteva’s dividend payout ratio (DPR) is 68.69%.

About Corteva

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.