Nisa Investment Advisors LLC Raises Stock Holdings in Corteva, Inc. $CTVA

Nisa Investment Advisors LLC increased its stake in shares of Corteva, Inc. (NYSE:CTVA) by 5.2% in the third quarter, HoldingsChannel reports. The firm owned 246,091 shares of the company’s stock after buying an additional 12,221 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Corteva were worth $16,643,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CTVA. Moody National Bank Trust Division boosted its stake in shares of Corteva by 0.7% during the 2nd quarter. Moody National Bank Trust Division now owns 22,139 shares of the company’s stock worth $1,650,000 after purchasing an additional 143 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its position in shares of Corteva by 2.2% in the second quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 6,940 shares of the company’s stock valued at $517,000 after buying an additional 150 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Corteva by 0.5% during the first quarter. NewEdge Advisors LLC now owns 31,455 shares of the company’s stock valued at $1,979,000 after buying an additional 152 shares during the period. Empirical Finance LLC boosted its position in Corteva by 0.6% during the second quarter. Empirical Finance LLC now owns 24,935 shares of the company’s stock worth $1,858,000 after acquiring an additional 153 shares during the last quarter. Finally, Exchange Capital Management Inc. grew its stake in Corteva by 0.3% in the 2nd quarter. Exchange Capital Management Inc. now owns 56,901 shares of the company’s stock worth $4,241,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BNP Paribas Exane boosted their price target on Corteva from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Rothschild & Co Redburn lowered their price objective on Corteva from $71.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. upgraded Corteva from a “neutral” rating to an “overweight” rating and set a $67.00 target price on the stock in a research report on Thursday, October 2nd. BMO Capital Markets set a $86.00 price target on Corteva in a research note on Monday, September 15th. Finally, Argus lowered their price target on Corteva from $83.00 to $80.00 and set a “buy” rating for the company in a report on Monday, October 13th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $78.21.

Corteva Trading Down 2.1%

Shares of CTVA opened at $68.66 on Friday. Corteva, Inc. has a twelve month low of $53.40 and a twelve month high of $77.41. The firm has a market capitalization of $46.39 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 1.44 and a beta of 0.74. The company has a current ratio of 1.58, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $66.15 and its 200 day simple moving average is $68.82.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.26. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.47 billion. Corteva had a return on equity of 9.37% and a net margin of 9.19%.The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.49) earnings per share. On average, equities research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.18 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.72 annualized dividend and a yield of 1.0%. Corteva’s dividend payout ratio (DPR) is presently 30.77%.

Corteva Company 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.