Dynamic Advisor Solutions LLC sells 868 shares of Corteva, Inc. (NYSE:CTVA)

Dynamic Advisor Solutions LLC cut its position in shares of Corteva, Inc. (NYSE:CTVA – Free Report) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,834 shares of the company’s stock after selling 868 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Corteva were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have recently added to or reduced their stakes in CTVA. Redmont Wealth Advisors LLC acquired a new position in Corteva in the first quarter valued at $25,000. Acadian Asset Management LLC purchased a new stake in shares of Corteva in the first quarter valued at $25,000. Rise Advisors LLC boosted its position in Corteva by 2,522.2% in the first quarter. Rise Advisors LLC now owns 472 shares of the company’s stock valued at $27,000 after purchasing an additional 454 shares during the period. ICA Group Wealth Management LLC purchased a new position in Corteva in the fourth quarter valued at about $28,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Corteva in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 81.54% of the company’s shares.

Corteva stock by 1.5%

Shares of CTVA stock opened at $52.76 on Friday. The company’s 50-day moving average is $52.87 and its 200-day moving average is $54.26. The stock has a market cap of $36.77 billion, a price-to-earnings ratio of 66.78, a price-to-earnings-growth ratio of 1.46 and a beta of 0.77. Corteva, Inc. has a 1 year low of $43.22 and a 1 year high of $58.76. The company has a current ratio of 1.72, a quick ratio of 0.97, and a debt-to-equity ratio of 0.10.

Corteva (NYSE:CTVA – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. The firm had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.15 billion. Corteva had a return on equity of 7.30% and a net margin of 5.31%. The company’s revenue rose 1.1% year over year. In the same quarter last year, the company posted earnings of $1.60 per share. Sell-side analysts predict that Corteva, Inc. will post 2.73 EPS for the current fiscal year.

Corteva increases dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This is an increase from Corteva’s previous quarterly dividend of $0.16. This represents a dividend of $0.68 on an annualized basis and a dividend yield of 1.29%. Corteva’s dividend rate is 86.08%.

Changes in Analyst Ratings

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Corteva from $57.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Oppenheimer upped their target price on Corteva from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Argus lowered Corteva from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised their target price on Corteva from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, BMO Capital Markets boosted their price objective on Corteva from $64.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.00, according to MarketBeat.com.

Get the latest stock report on CTVA

Profile Corteva

(Free Report)

Corteva, Inc operates in the field of agriculture. 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 for weed control, as well as food and nutritional characteristics.

See Also

Get news and reviews for Corteva Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Corteva and related companies with MarketBeat.com’s FREE daily email newsletter.