Sen. Tommy Tuberville Sells Corteva, Inc. (NYSE:CTVA) Stock

Senator Tommy Tuberville (R-Alabama) recently sold shares of Corteva, Inc. (NYSE:CTVA). In a filing disclosed on November 15th, the Senator disclosed that they had sold between $1,001 and $15,000 in Corteva stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Travelers Companies (NYSE:TRV) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Kimberly-Clark (NYSE:KMB) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Owens Corning (NYSE:OC) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/26/2024.

Corteva Trading Down 3.8 %

Shares of NYSE:CTVA opened at $55.21 on Friday. The business’s 50-day moving average is $58.34 and its 200 day moving average is $55.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 0.96. Corteva, Inc. has a 1 year low of $43.89 and a 1 year high of $63.75. The firm has a market capitalization of $37.95 billion, a P/E ratio of 55.77, a P/E/G ratio of 1.85 and a beta of 0.77.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.23%. Corteva’s payout ratio is 68.69%.

Hedge Funds Weigh In On Corteva

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Corteva by 2.0% in the third quarter. Geode Capital Management LLC now owns 17,703,771 shares of the company’s stock valued at $1,037,505,000 after buying an additional 355,206 shares in the last quarter. M&T Bank Corp increased its holdings in Corteva by 0.8% in the 3rd quarter. M&T Bank Corp now owns 2,077,000 shares of the company’s stock worth $122,107,000 after acquiring an additional 16,087 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Corteva by 1.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 415,007 shares of the company’s stock worth $24,398,000 after acquiring an additional 5,819 shares during the period. MML Investors Services LLC lifted its holdings in Corteva by 3.3% during the third quarter. MML Investors Services LLC now owns 91,727 shares of the company’s stock valued at $5,393,000 after purchasing an additional 2,921 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Corteva by 77.9% in the third quarter. National Bank of Canada FI now owns 359,994 shares of the company’s stock valued at $21,164,000 after purchasing an additional 157,614 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CTVA. Oppenheimer reiterated an “outperform” rating and set a $70.00 price objective (up from $69.00) on shares of Corteva in a research note on Friday, November 8th. Wells Fargo & Company lowered their price target on Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada cut their price objective on Corteva from $69.00 to $68.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $65.00 target price on shares of Corteva in a report on Tuesday, September 24th. Finally, Argus downgraded shares of Corteva from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.68.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

About Corteva

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.