Corteva, Inc. (NYSE:CTVA) Shares Purchased by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC raised its stake in shares of Corteva, Inc. (NYSE:CTVA) by 184.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,513 shares of the company’s stock after purchasing an additional 982 shares during the period. JFS Wealth Advisors LLC’s holdings in Corteva were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTVA. Acadian Asset Management LLC acquired a new position in Corteva during the first quarter worth approximately $25,000. Capital Advisors Ltd. LLC increased its position in shares of Corteva by 44.4% in the third quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock worth $33,000 after acquiring an additional 174 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Corteva in the second quarter worth $34,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Corteva in the second quarter worth $43,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Corteva in the second quarter worth $45,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Corteva Trading Down 0.1 %

Corteva stock opened at $60.86 on Friday. The firm’s 50-day moving average is $57.79 and its 200-day moving average is $55.37. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.72. Corteva, Inc. has a 1 year low of $43.22 and a 1 year high of $62.38. The company has a market cap of $42.13 billion, a P/E ratio of 46.82, a PEG ratio of 1.77 and a beta of 0.77.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Corteva had a net margin of 5.31% and a return on equity of 7.30%. The company had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same period last year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts expect that Corteva, Inc. will post 2.66 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.17 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.12%. Corteva’s payout ratio is currently 52.31%.

Analyst Ratings Changes

Several research firms have recently issued reports on CTVA. Citigroup began coverage on shares of Corteva in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $68.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and issued a $65.00 price objective on shares of Corteva in a research report on Tuesday, September 24th. Bank of America raised shares of Corteva from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $59.00 to $67.00 in a research report on Wednesday, October 16th. Argus downgraded shares of Corteva from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company decreased their target price on shares of Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Corteva presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.84.

Corteva Company 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.