Corteva, Inc. (NYSE:CTVA) Shares Sold by Windward Capital Management Co. CA

Windward Capital Management Co. CA decreased its position in shares of Corteva, Inc. (NYSE:CTVA) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,282 shares of the company’s stock after selling 1,658 shares during the period. Windward Capital Management Co. CA’s holdings in Corteva were worth $4,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd acquired a new stake in shares of Corteva during the first quarter worth about $2,270,000. Red Mountain Financial LLC purchased a new position in shares of Corteva in the 4th quarter valued at approximately $862,000. California State Teachers Retirement System grew its stake in shares of Corteva by 15.1% in the 4th quarter. California State Teachers Retirement System now owns 1,383,280 shares of the company’s stock valued at $66,287,000 after purchasing an additional 181,883 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Corteva by 14.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 948,127 shares of the company’s stock valued at $54,678,000 after purchasing an additional 121,817 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Corteva during the first quarter worth approximately $1,965,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Price Performance

Shares of NYSE CTVA opened at $55.33 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $53.81 and its 200 day moving average price is $54.61. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $58.76. The stock has a market cap of $38.56 billion, a price-to-earnings ratio of 70.04, a PEG ratio of 1.65 and a beta of 0.77.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Corteva had a net margin of 5.31% and a return on equity of 7.30%. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.15 billion. During the same period in the prior year, the business earned $1.60 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, research analysts forecast that Corteva, Inc. will post 2.72 earnings per share for the current fiscal year.

Corteva Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Corteva’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, September 3rd. Corteva’s payout ratio is 86.08%.

Analysts Set New Price Targets

CTVA has been the topic of a number of analyst reports. Mizuho lowered their price objective on shares of Corteva from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, June 18th. JPMorgan Chase & Co. dropped their price target on shares of Corteva from $57.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. OTR Global reissued a “negative” rating on shares of Corteva in a report on Friday, June 7th. Argus lowered Corteva from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $65.00 target price on shares of Corteva in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Corteva has a consensus rating of “Moderate Buy” and a consensus target price of $61.67.

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.