Corteva, Inc. (NYSE:CTVA) Stock Holdings Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Corteva, Inc. (NYSE:CTVA) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,821 shares of the company’s stock after selling 2,463 shares during the period. Yousif Capital Management LLC’s holdings in Corteva were worth $4,879,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. WCM Investment Management LLC grew its position in Corteva by 3.1% during the 4th quarter. WCM Investment Management LLC now owns 7,103,146 shares of the company’s stock worth $341,590,000 after purchasing an additional 213,949 shares in the last quarter. 17 Capital Partners LLC purchased a new position in Corteva during the 4th quarter worth approximately $1,649,000. Factory Mutual Insurance Co. grew its position in Corteva by 10.7% during the 4th quarter. Factory Mutual Insurance Co. now owns 532,558 shares of the company’s stock worth $25,520,000 after purchasing an additional 51,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Corteva by 9.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 777,833 shares of the company’s stock worth $39,794,000 after purchasing an additional 68,593 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Corteva by 1.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,760,701 shares of the company’s stock worth $132,293,000 after purchasing an additional 31,171 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CTVA shares. Wolfe Research initiated coverage on shares of Corteva in a research report on Friday, March 1st. They set an “outperform” rating and a $67.00 price objective on the stock. TheStreet upgraded shares of Corteva from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Loop Capital upgraded shares of Corteva from a “hold” rating to a “buy” rating and boosted their price target for the company from $57.00 to $65.00 in a report on Monday, February 12th. Mizuho lowered their price target on shares of Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, BNP Paribas upgraded shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price target on the stock in a report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.29.

Corteva Stock Up 0.4 %

Corteva stock opened at $54.92 on Friday. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of 53.84, a P/E/G ratio of 1.43 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90. Corteva, Inc. has a fifty-two week low of $43.22 and a fifty-two week high of $61.87. The firm has a fifty day moving average price of $55.28 and a two-hundred day moving average price of $50.46.

Corteva (NYSE:CTVA) last released its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, analysts forecast that Corteva, Inc. will post 2.84 earnings per share for the current year.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. Corteva’s dividend payout ratio is 62.75%.

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.