The Producers Life Insurance coverage Firm trimmed its holdings in shares of Corteva, Inc. (NYSE:CTVA – Get Ranking) by 8.8% within the third quarter, in keeping with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The agency owned 2,353,372 shares of the corporate’s inventory after promoting 226,609 shares in the course of the quarter. The Producers Life Insurance coverage Firm owned roughly 0.33% of Corteva price $134,496,000 as of its most up-to-date SEC submitting.
A number of different massive buyers have additionally made adjustments to their positions in CTVA. Moisand Fitzgerald Tamayo LLC acquired a brand new place in Corteva within the 2nd quarter valued at $26,000. Householder Group Property & Retirement Specialist LLC bought a brand new stake in Corteva within the third quarter valued at $28,000. Kathleen S. Wright Associates Inc. bought a brand new stake in Corteva within the third quarter valued at $29,000. Higher Cash Selections LLC bought a brand new stake in Corteva within the 2nd quarter valued at $31,000. Lastly, JFS Wealth Advisors LLC grew its holdings in Corteva by 60.5% within the third quarter. JFS Wealth Advisors LLC now owns 568 shares of the corporate’s inventory valued at $32,000 after shopping for an extra 214 shares within the final quarter. 79.45% of the inventory is owned by institutional buyers and hedge funds.
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Wall Road Analyst Weigh In
A number of analysts have issued studies on CTVA shares. Wells Fargo & Firm started protection on Corteva in a report on Wednesday. They issued an “obese” score and a $78.00 goal value for the corporate. UBS Group minimize Corteva from a “purchase” score to a “impartial” score and elevated their value goal for the inventory from $70.00 to $73.00 in a report on Tuesday, November fifteenth. Barclays elevated their value goal on Corteva from $71.00 to $75.00 and gave the inventory an “obese” score in a report on Thursday, November seventeenth. Citigroup elevated their value goal on Corteva from $69.00 to $73.00 in a report on Tuesday, October 4th. Lastly, Mizuho elevated their value goal on Corteva from $76.00 to $78.00 and gave the inventory a “purchase” score in a report on Thursday, January twelfth. 4 equities analysis analysts have rated the inventory with a maintain score and fourteen have assigned a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, Corteva presently has a consensus score of “Average Purchase” and a mean value goal of $72.65.
Corteva Value Efficiency
CTVA inventory opened at $62.22 on Friday. The corporate has a debt-to-equity ratio of 0.05, a present ratio of 1.69 and a fast ratio of 1.08. Corteva, Inc. has a 1 12 months low of $43.74 and a 1 12 months excessive of $68.43. The agency has a market capitalization of $44.46 billion, a P/E ratio of 33.27, a P/E/G ratio of 1.18 and a beta of 0.78. The enterprise’s 50-day shifting common is $62.54 and its two-hundred day shifting common is $60.84.
Corteva (NYSE:CTVA – Get Ranking) final issued its earnings outcomes on Thursday, November third. The corporate reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.11. Corteva had a return on fairness of seven.31% and a internet margin of seven.95%. The enterprise had income of $2.78 billion for the quarter, in comparison with analyst estimates of $2.58 billion. Throughout the identical quarter final 12 months, the corporate earned ($0.14) EPS. The enterprise’s quarterly income was up 17.1% on a year-over-year foundation. Analysts anticipate that Corteva, Inc. will submit 2.57 earnings per share for the present fiscal 12 months.
Corteva Dividend Announcement
The corporate additionally just lately declared a quarterly dividend, which was paid on Thursday, December fifteenth. Traders of document on Monday, November 14th have been paid a dividend of $0.15 per share. The ex-dividend date was Thursday, November tenth. This represents a $0.60 dividend on an annualized foundation and a yield of 0.96%. Corteva’s dividend payout ratio is presently 32.09%.
Corteva Profile
Corteva, Inc operates within the agriculture enterprise. It operates by two segments, Seed and Crop Safety. The Seed section develops and provides superior germplasm and traits that produce optimum yield for farms. It gives trait applied sciences that improve resistance to climate, illness, bugs, and herbicides used to manage weeds, in addition to meals and dietary traits.
Additional Studying
This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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