SG Americas Securities LLC grew its stake in Corteva (NYSE:CTVA) by 132.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 283,649 shares of the company’s stock after purchasing an additional 161,592 shares during the quarter. SG Americas Securities LLC’s holdings in Corteva were worth $7,942,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in Corteva during the second quarter worth about $1,803,496,000. BlackRock Inc. acquired a new stake in Corteva during the second quarter worth about $1,728,215,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Corteva during the second quarter worth about $579,764,000. Nuveen Asset Management LLC acquired a new stake in shares of Corteva in the second quarter valued at approximately $429,256,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Corteva in the second quarter valued at approximately $404,071,000. Institutional investors and hedge funds own 72.44% of the company’s stock.
CTVA has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Corteva from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. SunTrust Banks dropped their price target on shares of Corteva from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Citigroup dropped their price target on shares of Corteva from $34.50 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered shares of Corteva from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $27.00 in a research note on Friday, November 1st. Finally, Deutsche Bank raised their price target on shares of Corteva from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $31.50.
In other Corteva news, Director Klaus A. Engel bought 18,393 shares of Corteva stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $551,790.00. Following the completion of the acquisition, the director now owns 25,253 shares of the company’s stock, valued at approximately $757,590. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornel B. Fuerer bought 2,000 shares of Corteva stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $26.13 per share, with a total value of $52,260.00. Insiders have purchased 29,368 shares of company stock valued at $838,567 over the last 90 days.
Shares of Corteva stock traded up $0.05 on Friday, hitting $26.20. The company had a trading volume of 2,974,773 shares, compared to its average volume of 5,615,176. The business has a 50-day simple moving average of $26.80. Corteva has a 52 week low of $24.35 and a 52 week high of $32.78.
Corteva (NYSE:CTVA) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.07. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Corteva will post 1.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Wednesday, November 27th.
Corteva, Inc provides agriculture products worldwide. The company develops and supplies germplasm and traits in corn, soybean, and sunflower seed markets. It also supplies products to the agricultural input industry that protect against weeds, insects and other pests, and diseases, as well as to enhance crop health.
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