12,644 Shares in Corteva, Inc. $CTVA Bought by Occidental Asset Management LLC

Occidental Asset Management LLC acquired a new stake in Corteva, Inc. (NYSE:CTVA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,644 shares of the company’s stock, valued at approximately $1,071,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harris Associates L P increased its holdings in Corteva by 168.1% during the 4th quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock valued at $1,141,268,000 after purchasing an additional 10,675,052 shares during the period. Norges Bank purchased a new stake in Corteva in the 4th quarter worth approximately $504,001,000. Royal Bank of Canada grew its position in shares of Corteva by 202.1% in the 1st quarter. Royal Bank of Canada now owns 7,458,624 shares of the company’s stock worth $624,362,000 after buying an additional 4,989,371 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Corteva during the 2nd quarter valued at $392,447,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Corteva by 6,527.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,212 shares of the company’s stock worth $211,025,000 after buying an additional 3,100,709 shares in the last quarter. 81.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTVA has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on Corteva from $77.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Citigroup raised their price objective on Corteva from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Rothschild & Co Redburn increased their price target on shares of Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. BMO Capital Markets lifted their price target on shares of Corteva from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Corteva from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.70.

Corteva Stock Down 1.2%

NYSE:CTVA opened at $75.73 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52. The firm has a market cap of $50.53 billion, a P/E ratio of 50.15, a P/E/G ratio of 2.35 and a beta of 0.57. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $90.97. The firm has a 50-day simple moving average of $81.78 and a two-hundred day simple moving average of $80.09.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.60 billion. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 earnings per share. 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 fiscal year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 1st. Corteva’s dividend payout ratio (DPR) is currently 47.68%.

Corteva Company Profile

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.