Choate Investment Advisors Boosts Stake in Corteva, Inc. $CTVA

Choate Investment Advisors increased its stake in shares of Corteva, Inc. (NYSE:CTVA) by 595.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,465 shares of the company’s stock after buying an additional 26,082 shares during the period. Choate Investment Advisors’ holdings in Corteva were worth $2,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chilton Capital Management LLC boosted its position in Corteva by 18.1% in the 3rd quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock valued at $30,119,000 after buying an additional 68,380 shares during the period. Drummond Knight Asset Management Pty Ltd purchased a new position in Corteva in the 4th quarter valued at approximately $25,713,000. Truist Financial Corp boosted its position in Corteva by 4.5% in the 3rd quarter. Truist Financial Corp now owns 321,913 shares of the company’s stock valued at $21,771,000 after buying an additional 13,910 shares during the period. Alberta Investment Management Corp purchased a new position in Corteva in the 3rd quarter valued at approximately $5,018,000. Finally, Avior Wealth Management LLC boosted its position in Corteva by 464.7% in the 4th quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock valued at $2,205,000 after buying an additional 27,075 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CTVA. Weiss Ratings raised shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. BNP Paribas Exane raised their price target on shares of Corteva from $74.00 to $77.00 in a research report on Wednesday, May 6th. Wolfe Research raised their price target on shares of Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. The Goldman Sachs Group raised their price target on shares of Corteva from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Wall Street Zen lowered shares of Corteva from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Corteva presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.14.

Corteva Price Performance

Shares of CTVA opened at $79.57 on Tuesday. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $85.63. The firm’s fifty day simple moving average is $81.32 and its 200-day simple moving average is $74.16. The firm has a market capitalization of $53.22 billion, a price-to-earnings ratio of 46.81, a PEG ratio of 2.43 and a beta of 0.59. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the business earned $1.13 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities analysts forecast that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, June 1st. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

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.