Strengthening Families & Communities LLC Has $2.51 Million Stock Position in Corteva, Inc. (NYSE:CTVA)

Strengthening Families & Communities LLC increased its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,982 shares of the company’s stock after acquiring an additional 999 shares during the quarter. Corteva makes up 1.4% of Strengthening Families & Communities LLC’s portfolio, making the stock its 19th biggest position. Strengthening Families & Communities LLC’s holdings in Corteva were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new stake in shares of Corteva during the fourth quarter worth $27,000. Golden State Wealth Management LLC acquired a new position in Corteva in the 4th quarter worth $32,000. Capital Advisors Ltd. LLC increased its holdings in Corteva by 44.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock worth $33,000 after purchasing an additional 174 shares in the last quarter. First Financial Corp IN acquired a new stake in shares of Corteva in the 4th quarter valued at about $35,000. Finally, Albion Financial Group UT lifted its holdings in shares of Corteva by 112.6% in the fourth quarter. Albion Financial Group UT now owns 606 shares of the company’s stock valued at $35,000 after purchasing an additional 321 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CTVA has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Corteva from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. KeyCorp lifted their price objective on shares of Corteva from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer increased their target price on shares of Corteva from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group lowered their price target on shares of Corteva from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Bank of America increased their price objective on shares of Corteva from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.31.

Corteva Trading Down 0.2 %

CTVA stock opened at $62.20 on Tuesday. Corteva, Inc. has a one year low of $50.01 and a one year high of $66.24. The stock has a market cap of $42.75 billion, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 1.85 and a beta of 0.78. The company has a fifty day moving average price of $60.22 and a two-hundred day moving average price of $58.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.96.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. Equities analysts anticipate that Corteva, Inc. will post 2.83 EPS for the current year.

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

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, March 3rd. Corteva’s dividend payout ratio is currently 52.71%.

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.