Integrated Investment Consultants LLC Has $413,000 Position in Corteva, Inc. (NYSE:CTVA)

Integrated Investment Consultants LLC boosted its holdings in Corteva, Inc. (NYSE:CTVA) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,257 shares of the company’s stock after buying an additional 346 shares during the period. Integrated Investment Consultants LLC’s holdings in Corteva were worth $413,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Arkadios Wealth Advisors increased its position in Corteva by 15.8% in the 4th quarter. Arkadios Wealth Advisors now owns 10,288 shares of the company’s stock worth $586,000 after buying an additional 1,401 shares during the period. Brooklyn Investment Group increased its position in Corteva by 9.9% in the 4th quarter. Brooklyn Investment Group now owns 2,744 shares of the company’s stock worth $156,000 after buying an additional 248 shares during the period. Merit Financial Group LLC increased its position in shares of Corteva by 55.9% during the fourth quarter. Merit Financial Group LLC now owns 5,363 shares of the company’s stock valued at $305,000 after purchasing an additional 1,922 shares during the period. Procyon Advisors LLC increased its position in shares of Corteva by 1.6% during the fourth quarter. Procyon Advisors LLC now owns 13,413 shares of the company’s stock valued at $764,000 after purchasing an additional 213 shares during the period. Finally, Everpar Advisors LLC increased its position in shares of Corteva by 5.1% during the fourth quarter. Everpar Advisors LLC now owns 11,683 shares of the company’s stock valued at $665,000 after purchasing an additional 570 shares during the period. 81.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CTVA shares. Morgan Stanley restated an “overweight” rating and set a $65.00 price objective on shares of Corteva in a research report on Tuesday, September 24th. Royal Bank of Canada boosted their price objective on Corteva from $68.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Barclays boosted their price objective on Corteva from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. KeyCorp lowered their price objective on Corteva from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Bank of America upped their price target on Corteva from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Corteva has an average rating of “Moderate Buy” and a consensus target price of $65.47.

Corteva Trading Up 1.1 %

Shares of CTVA opened at $62.30 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. Corteva, Inc. has a 12-month low of $44.01 and a 12-month high of $64.20. The firm has a market capitalization of $42.82 billion, a PE ratio of 62.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.77. The stock’s fifty day simple moving average is $58.96 and its 200-day simple moving average is $57.06.

Corteva Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.09%. Corteva’s dividend payout ratio is presently 68.69%.

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