Proficio Capital Partners LLC Purchases New Position in Corteva, Inc. $CTVA

Proficio Capital Partners LLC bought a new stake in Corteva, Inc. (NYSE:CTVA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,814 shares of the company’s stock, valued at approximately $662,000.

Several other large investors also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. boosted its holdings in Corteva by 2.9% in the first quarter. William B. Walkup & Associates Inc. now owns 4,457 shares of the company’s stock worth $373,000 after purchasing an additional 126 shares in the last quarter. Wilkerson Advisory Group LLC lifted its position in shares of Corteva by 6.7% in the first quarter. Wilkerson Advisory Group LLC now owns 2,112 shares of the company’s stock worth $177,000 after buying an additional 133 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Corteva by 2.4% during the 1st quarter. AdvisorNet Financial Inc now owns 5,694 shares of the company’s stock worth $477,000 after acquiring an additional 135 shares in the last quarter. First Horizon Corp increased its holdings in shares of Corteva by 9.2% during the 1st quarter. First Horizon Corp now owns 1,600 shares of the company’s stock valued at $134,000 after acquiring an additional 135 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in shares of Corteva by 1.3% during the 1st quarter. Aviance Capital Partners LLC now owns 11,008 shares of the company’s stock valued at $922,000 after acquiring an additional 137 shares during the last quarter. 81.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CTVA shares. Morgan Stanley boosted their target price on Corteva from $84.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $101.00 price target on shares of Corteva in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on shares of Corteva from $77.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Oppenheimer raised their target price on shares of Corteva from $89.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Bank of America lifted their target price on shares of Corteva from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Corteva Stock Up 2.7%

CTVA opened at $90.07 on Thursday. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $90.97. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $60.09 billion, a price-to-earnings ratio of 59.65, a P/E/G ratio of 2.69 and a beta of 0.57. The business has a 50 day moving average of $83.17 and a 200-day moving average of $80.86.

Corteva (NYSE:CTVA) last announced its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. Corteva had a net margin of 5.66% and a return on equity of 10.18%. Corteva’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 earnings per share. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, sell-side analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Corteva’s payout ratio is presently 47.68%.

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.