47,011 Shares in Corteva, Inc. (NYSE:CTVA) Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new position in shares of Corteva, Inc. (NYSE:CTVA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 47,011 shares of the company’s stock, valued at approximately $2,678,000.

Several other large investors have also recently modified their holdings of CTVA. Hager Investment Management Services LLC acquired a new position in Corteva during the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in Corteva during the 4th quarter valued at approximately $32,000. Capital Advisors Ltd. LLC increased its stake in Corteva by 44.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 174 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Corteva during the 4th quarter valued at approximately $34,000. Finally, First Financial Corp IN acquired a new position in Corteva during the 4th quarter valued at approximately $35,000. Institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CTVA shares. KeyCorp upped their price target on shares of Corteva from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer upped their price target on shares of Corteva from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. BNP Paribas upgraded shares of Corteva to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of Corteva from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company upped their price objective on shares of Corteva from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Corteva currently has a consensus rating of “Moderate Buy” and an average target price of $67.73.

Corteva Stock Performance

Shares of NYSE CTVA opened at $62.75 on Friday. The company’s fifty day moving average price is $60.81 and its 200 day moving average price is $58.82. Corteva, Inc. has a 1 year low of $50.01 and a 1 year high of $66.24. The company has a market capitalization of $43.02 billion, a PE ratio of 48.64, a price-to-earnings-growth ratio of 1.67 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 1.45.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. On average, research analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, March 3rd. Corteva’s payout ratio is 52.71%.

Corteva announced that its Board of Directors has approved a share buyback plan on Tuesday, November 19th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

About Corteva

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.