CWA Asset Management Group LLC Takes Position in Corteva, Inc. (NYSE:CTVA)

CWA Asset Management Group LLC purchased a new stake in shares of Corteva, Inc. (NYSE:CTVA) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,645 shares of the company’s stock, valued at approximately $273,000.

A number of other large investors have also recently modified their holdings of CTVA. Anomaly Capital Management LP bought a new stake in Corteva in the 2nd quarter worth approximately $188,578,000. Vaughan Nelson Investment Management L.P. lifted its position in Corteva by 392.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 4,083,685 shares of the company’s stock worth $220,274,000 after buying an additional 3,254,126 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Corteva by 28.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,842,907 shares of the company’s stock worth $369,106,000 after buying an additional 1,514,954 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Corteva by 700.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,301,996 shares of the company’s stock worth $70,230,000 after buying an additional 1,139,297 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Corteva by 155.7% in the 2nd quarter. Natixis Advisors LLC now owns 1,694,214 shares of the company’s stock worth $91,389,000 after buying an additional 1,031,678 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

CTVA has been the subject of a number of recent research reports. UBS Group boosted their target price on Corteva from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Citigroup assumed coverage on Corteva in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $68.00 price target on the stock. Bank of America raised Corteva from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $59.00 to $67.00 in a research note on Wednesday, October 16th. Barclays lifted their price target on Corteva from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Argus cut Corteva from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.68.

Corteva Trading Down 2.4 %

NYSE CTVA opened at $57.13 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. Corteva, Inc. has a twelve month low of $43.22 and a twelve month high of $63.75. The firm has a market capitalization of $39.55 billion, a PE ratio of 57.71, a P/E/G ratio of 1.72 and a beta of 0.77. The stock’s 50 day moving average is $58.22 and its 200 day moving average is $55.62.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.17 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. Corteva’s dividend payout ratio is currently 68.69%.

Corteva Profile

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.