Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.58 Million Stock Position in Corteva, Inc. $CTVA

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 37.4% in the 4th quarter, HoldingsChannel reports. The firm owned 157,801 shares of the company’s stock after selling 94,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Corteva were worth $10,577,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Drummond Knight Asset Management Pty Ltd bought a new position in Corteva in the fourth quarter worth approximately $25,713,000. Alberta Investment Management Corp bought a new position in Corteva in the third quarter worth approximately $5,018,000. Avior Wealth Management LLC boosted its holdings in Corteva by 464.7% in the fourth quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock worth $2,205,000 after acquiring an additional 27,075 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Corteva by 8.6% in the third quarter. HighTower Advisors LLC now owns 182,643 shares of the company’s stock worth $12,352,000 after acquiring an additional 14,436 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new position in Corteva in the fourth quarter worth approximately $23,679,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CTVA shares. Royal Bank Of Canada raised their target price on Corteva from $95.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. The Goldman Sachs Group raised their target price on Corteva from $88.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. CICC Research raised their target price on Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. UBS Group raised their target price on Corteva from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, BNP Paribas Exane raised their target price on Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Corteva has an average rating of “Moderate Buy” and a consensus target price of $88.67.

Corteva Stock Down 0.5%

CTVA stock opened at $77.06 on Friday. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $85.63. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $81.17 and its 200-day moving average is $74.94. The firm has a market capitalization of $51.54 billion, a PE ratio of 45.33, a P/E/G ratio of 2.36 and a beta of 0.57.

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

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, June 1st. Corteva’s dividend payout ratio (DPR) is 42.35%.

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.