35,062 Shares in Corteva, Inc. $CTVA Acquired by Leonteq Securities AG

Leonteq Securities AG purchased a new position in Corteva, Inc. (NYSE:CTVA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 35,062 shares of the company’s stock, valued at approximately $2,350,000.

Other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC raised its position in Corteva by 18.1% in the third quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock worth $30,119,000 after acquiring an additional 68,380 shares during the period. Drummond Knight Asset Management Pty Ltd bought a new stake in shares of Corteva during the 4th quarter valued at $25,713,000. Truist Financial Corp raised its position in shares of Corteva by 4.5% during the 3rd quarter. Truist Financial Corp now owns 321,913 shares of the company’s stock valued at $21,771,000 after purchasing an additional 13,910 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Corteva during the 3rd quarter valued at $5,018,000. Finally, Avior Wealth Management LLC raised its position in shares of Corteva by 464.7% during the 4th quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock valued at $2,205,000 after purchasing an additional 27,075 shares during the period. 81.54% of the stock is currently owned by institutional investors.

Insider Activity at Corteva

In other Corteva news, insider Brian Titus sold 8,311 shares of Corteva stock in a transaction on Friday, February 20th. The shares were sold at an average price of $76.55, for a total value of $636,207.05. Following the completion of the transaction, the insider directly owned 8,090 shares of the company’s stock, valued at $619,289.50. This trade represents a 50.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTVA. Wolfe Research lifted their price target on shares of Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. CICC Research lifted their price target on shares of Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Wells Fargo & Company lifted their price target on shares of Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Royal Bank Of Canada lifted their price target on shares of Corteva from $95.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Corteva presently has an average rating of “Moderate Buy” and a consensus target price of $88.14.

Corteva Stock Performance

Shares of NYSE CTVA opened at $78.77 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. The company has a market cap of $52.68 billion, a P/E ratio of 46.33, a P/E/G ratio of 2.42 and a beta of 0.59. The firm’s fifty day moving average is $81.25 and its two-hundred day moving average is $73.79. Corteva, Inc. has a 52-week low of $60.53 and a 52-week high of $85.63.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period last year, the company posted $1.13 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, analysts anticipate that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

Corteva 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.