Sequoia Financial Advisors LLC Has $1.06 Million Stock Position in Corteva, Inc. (NYSE:CTVA)

Sequoia Financial Advisors LLC lifted its position in Corteva, Inc. (NYSE:CTVA) by 66.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,162 shares of the company’s stock after buying an additional 8,843 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Corteva were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC bought a new stake in shares of Corteva in the 4th quarter worth about $25,000. BKM Wealth Management LLC bought a new stake in shares of Corteva in the 4th quarter worth about $27,000. NewSquare Capital LLC grew its holdings in shares of Corteva by 70.6% in the 3rd quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in shares of Corteva by 234.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares during the last quarter. Finally, Cornerstone Planning Group LLC bought a new stake in shares of Corteva in the 2nd quarter worth about $28,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CTVA. Wells Fargo & Company upped their target price on shares of Corteva from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Mizuho reduced their target price on shares of Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. KeyCorp raised their target price on shares of Corteva from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. UBS Group reduced their target price on shares of Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Finally, TheStreet raised shares of Corteva from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.05.

Corteva Stock Performance

Shares of CTVA stock opened at $53.76 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 1.56. The company has a market capitalization of $37.57 billion, a P/E ratio of 52.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77. The company’s 50 day moving average price is $55.14 and its two-hundred day moving average price is $50.18. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $63.37.

Corteva (NYSE:CTVA) last announced its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same period last year, the company posted $0.16 EPS. On average, analysts expect that Corteva, Inc. will post 2.86 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.19%. Corteva’s dividend payout ratio is currently 62.75%.

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.