California State Teachers Retirement System Has $150.76 Million Stake in Corteva, Inc. $CTVA

California State Teachers Retirement System decreased its position in Corteva, Inc. (NYSE:CTVA) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,800,927 shares of the company’s stock after selling 30,311 shares during the quarter. California State Teachers Retirement System’s holdings in Corteva were worth $150,756,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in Corteva in the third quarter valued at approximately $25,000. Westfuller Advisors LLC increased its stake in shares of Corteva by 2,764.3% during the 1st quarter. Westfuller Advisors LLC now owns 401 shares of the company’s stock worth $34,000 after purchasing an additional 387 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Corteva during the 4th quarter worth $27,000. Bank of Jackson Hole Trust bought a new position in shares of Corteva during the 4th quarter valued at $28,000. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of Corteva in the 4th quarter valued at $29,000. Institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

CTVA has been the subject of a number of recent research reports. The Goldman Sachs Group upped their price objective on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Argus raised their target price on Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Rothschild & Co Redburn upped their price target on Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Oppenheimer increased their price objective on Corteva from $89.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, CICC Research lifted their price target on shares of Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Corteva currently has an average rating of “Moderate Buy” and a consensus target price of $90.19.

Corteva Stock Up 1.6%

Shares of CTVA stock opened at $88.98 on Wednesday. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $89.75. The firm has a market cap of $59.51 billion, a PE ratio of 52.34, a price-to-earnings-growth ratio of 2.65 and a beta of 0.56. The stock has a 50 day moving average of $81.72 and a 200-day moving average of $79.26. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.32. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. Corteva’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities analysts predict that Corteva, Inc. will post 3.76 EPS for the current year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Corteva’s dividend payout ratio is 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.