Alberta Investment Management Corp Acquires Shares of 74,200 Corteva, Inc. $CTVA

Alberta Investment Management Corp acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 74,200 shares of the company’s stock, valued at approximately $5,018,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Corteva by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 80,188,326 shares of the company’s stock valued at $5,976,436,000 after purchasing an additional 373,680 shares during the period. Geode Capital Management LLC lifted its stake in shares of Corteva by 1.4% in the second quarter. Geode Capital Management LLC now owns 18,047,263 shares of the company’s stock valued at $1,339,651,000 after buying an additional 251,693 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Corteva by 4.9% in the second quarter. Franklin Resources Inc. now owns 17,680,238 shares of the company’s stock valued at $1,317,708,000 after buying an additional 824,451 shares in the last quarter. Norges Bank acquired a new position in shares of Corteva during the second quarter valued at about $434,220,000. Finally, Bank of New York Mellon Corp increased its position in shares of Corteva by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 5,256,845 shares of the company’s stock worth $391,793,000 after acquiring an additional 138,484 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CTVA shares. Bank of America raised their price target on shares of Corteva from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered Corteva from an “overweight” rating to a “neutral” rating and raised their target price for the company from $75.00 to $77.00 in a report on Thursday, February 5th. Zacks Research upgraded Corteva from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Corteva in a research note on Monday, December 29th. Finally, CICC Research lifted their price objective on shares of Corteva from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Corteva presently has an average rating of “Moderate Buy” and a consensus price target of $82.30.

Corteva Trading Up 0.5%

NYSE:CTVA opened at $77.00 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $51.78 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 2.61 and a beta of 0.75. The firm’s 50 day moving average is $70.51 and its 200 day moving average is $68.57. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $77.41.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $4.23 billion. Corteva had a return on equity of 9.06% and a net margin of 6.29%.Corteva’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Sell-side analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio is 45.57%.

Corteva Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.