Jackson Hole Capital Partners LLC Boosts Stock Position in Corteva, Inc. (NYSE:CTVA)

Jackson Hole Capital Partners LLC boosted its holdings in Corteva, Inc. (NYSE:CTVA) by 36.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,165 shares of the company’s stock after buying an additional 2,470 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Corteva were worth $439,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CTVA. CVA Family Office LLC purchased a new position in Corteva in the fourth quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in shares of Corteva during the fourth quarter worth about $27,000. NewSquare Capital LLC boosted its stake in shares of Corteva by 70.6% during the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after buying an additional 226 shares during the period. Glass Jacobson Investment Advisors llc boosted its stake in shares of Corteva by 234.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock worth $28,000 after buying an additional 389 shares during the period. Finally, Union Savings Bank boosted its stake in shares of Corteva by 58.5% during the third quarter. Union Savings Bank now owns 577 shares of the company’s stock worth $30,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Barclays raised their price objective on shares of Corteva from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. TheStreet upgraded shares of Corteva from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. BNP Paribas upgraded shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Friday, February 2nd. Finally, UBS Group reduced their price objective on shares of Corteva from $65.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.29.

Corteva Price Performance

Shares of Corteva stock traded up $0.22 during trading on Friday, hitting $54.92. 2,350,150 shares of the company were exchanged, compared to its average volume of 3,520,670. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09. Corteva, Inc. has a fifty-two week low of $43.22 and a fifty-two week high of $61.87. The stock has a market capitalization of $38.38 billion, a price-to-earnings ratio of 53.63, a P/E/G ratio of 1.43 and a beta of 0.77. The firm has a 50 day moving average price of $55.28 and a 200 day moving average price of $50.43.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.09. Corteva had a return on equity of 7.43% and a net margin of 4.27%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm posted $0.16 EPS. On average, equities analysts expect that Corteva, Inc. will post 2.84 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.17%. Corteva’s dividend payout ratio is presently 62.75%.

Corteva Company 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.