AIA Group Ltd Lowers Position in Corteva, Inc. $CTVA

AIA Group Ltd trimmed its position in shares of Corteva, Inc. (NYSE:CTVA) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,426 shares of the company’s stock after selling 8,185 shares during the quarter. AIA Group Ltd’s holdings in Corteva were worth $8,156,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CTVA. Harris Associates L P boosted its holdings in Corteva by 168.1% in the 4th quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock valued at $1,141,268,000 after purchasing an additional 10,675,052 shares in the last quarter. Norges Bank acquired a new position in Corteva during the 4th quarter worth approximately $504,001,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Corteva by 6,527.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,212 shares of the company’s stock worth $211,025,000 after buying an additional 3,100,709 shares in the last quarter. Perpetual Ltd raised its stake in shares of Corteva by 78,688.5% during the 4th quarter. Perpetual Ltd now owns 2,615,779 shares of the company’s stock worth $175,336,000 after buying an additional 2,612,459 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Corteva by 125.3% in the 3rd quarter. Amundi now owns 3,415,554 shares of the company’s stock valued at $219,620,000 after buying an additional 1,899,248 shares during the period. 81.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CTVA. Jefferies Financial Group lifted their price target on Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised their target price on Corteva from $90.00 to $100.00 in a report on Monday, May 11th. Berenberg Bank boosted their target price on shares of Corteva from $68.00 to $78.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. UBS Group lowered their price target on shares of Corteva from $90.00 to $86.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Finally, Oppenheimer increased their price target on shares of Corteva from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Corteva currently has an average rating of “Moderate Buy” and a consensus price target of $88.95.

Corteva Price Performance

Shares of NYSE:CTVA opened at $87.42 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. The business’s fifty day moving average price is $80.86 and its two-hundred day moving average price is $78.19. The stock has a market cap of $58.47 billion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. Corteva, Inc. has a one year low of $60.53 and a one year high of $88.22.

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

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Corteva’s dividend payout ratio (DPR) is currently 42.35%.

About Corteva

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.