Corteva, Inc. $CTVA Shares Sold by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. lowered its position in Corteva, Inc. (NYSE:CTVA) by 6.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 274,132 shares of the company’s stock after selling 18,258 shares during the period. Amova Asset Management Americas Inc.’s holdings in Corteva were worth $22,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of Corteva in the third quarter valued at approximately $25,000. Westfuller Advisors LLC increased its position in Corteva by 2,764.3% during the first quarter. Westfuller Advisors LLC now owns 401 shares of the company’s stock worth $34,000 after buying an additional 387 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Corteva during the fourth quarter worth $27,000. Bank of Jackson Hole Trust acquired a new position in shares of Corteva in the fourth quarter worth $28,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Corteva in the fourth quarter worth $29,000. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTVA has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Corteva from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. UBS Group reduced their price objective 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. Barclays lifted their target price on shares of Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. BNP Paribas Exane boosted their price target on Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price objective on Corteva from $95.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.62.

Corteva Stock Down 0.5%

Shares of Corteva stock opened at $86.85 on Tuesday. 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, Inc. has a twelve month low of $60.53 and a twelve month high of $88.21. The stock has a market cap of $58.09 billion, a price-to-earnings ratio of 51.09, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. The company has a fifty day moving average price of $80.94 and a 200 day moving average price of $78.40.

Corteva (NYSE:CTVA) last posted its earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping 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 analysts’ expectations of $4.64 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities research analysts forecast that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Corteva’s payout ratio is currently 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.