Recent changes in company holdings include Northwest Investment Counselors LLC purchasing a new stake in Corteva for about $56,000 in Q3. Arlington Partners LLC increased its holdings by 24.8%, owning 75,698 shares worth $4.45 million. Allspring Global Investments raised its stake by 19.5%, holding 48,470 shares worth $2.85 million. KFA Private Wealth Group LLC and Integris Wealth Management LLC also bought new positions, valued at $255,000 and $216,000 respectively. Currently, 81.54% of the stock is held by institutional investors and hedge funds.
Analysts Set New Price Targets
Analysts recently issued reports on Corteva (CTVA):
– Argus downgraded it to “hold.”
– Bank of America upgraded it to “buy” with a target price of $67.
– KeyCorp lowered its target from $66 to $62, maintaining an “overweight” rating.
– Wells Fargo reduced its target from $67 to $65, keeping an “overweight” rating.
– JPMorgan cut its target from $57 to $55 with a “neutral” rating.
Overall, the stock has 1 sell, 6 hold, and 14 buy ratings, with an average target of $62.21.
Check Out Our Latest Research Report on CTVA
Corteva Price Performance
Corteva stock opened at $59.25. It has a market cap of $41.30 billion, P/E ratio of 75.00, and a beta of 0.77. The 50-day moving average is $56.52 and the 200-day average is $55.07. The stock has ranged from a low of $43.22 to a high of $59.68 over the last year. In its latest earnings report for Q2, Corteva reported $1.83 EPS, beating estimates by $0.09, with revenue at $6.11 billion.
Corteva Increases Dividend
Corteva announced a quarterly dividend of $0.17 per share, paid on September 17th. This increases the annual dividend to $0.68, yielding 1.15%. The payout ratio is currently 86.08%.
About Corteva
Corteva, Inc. operates in agriculture through its Seed and Crop Protection segments, offering advanced germplasm and trait technologies for optimum yields.
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