Banque Cantonale Vaudoise Purchases 13,797 Shares of Corteva, Inc. $CTVA

by · The Cerbat Gem

Banque Cantonale Vaudoise boosted its position in shares of Corteva, Inc. (NYSE:CTVA – Free Report) by 305.6% in the first quarter, Holdings Channel reports. The firm owned 18,311 shares of the company’s stock after purchasing an additional 13,797 shares during the period. Banque Cantonale Vaudoise’s holdings in Corteva were worth $1,533,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Drummond Knight Asset Management Pty Ltd bought a new position in shares of Corteva during the 4th quarter valued at about $25,713,000. Avior Wealth Management LLC increased its stake in Corteva by 464.7% during the 4th quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock worth $2,205,000 after purchasing an additional 27,075 shares in the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in Corteva during the 4th quarter worth approximately $23,679,000. Squarepoint Ops LLC raised its holdings in Corteva by 423.6% during the 3rd quarter. Squarepoint Ops LLC now owns 1,738,139 shares of the company’s stock worth $117,550,000 after buying an additional 1,406,199 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Corteva by 23.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,075 shares of the company’s stock valued at $7,378,000 after buying an additional 20,957 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CTVA. Jefferies Financial Group upped their price target on shares of Corteva from $95.00 to $97.00 in a report on Thursday, May 7th. Barclays raised their price objective on shares of Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Citigroup boosted their price objective on shares of Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Oppenheimer increased their target price on Corteva from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, CICC Research lifted their price target on Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.81.

View Our Latest Report on Corteva

Corteva Trading Up 1.2%

Shares of NYSE:CTVA opened at $82.60 on Friday. The company’s 50-day moving average price is $79.38 and its two-hundred day moving average price is $76.20. Corteva, Inc. has a one year low of $60.53 and a one year high of $85.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. The stock has a market capitalization of $55.24 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.57.

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

Corteva Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 1st. Corteva’s dividend payout ratio is presently 42.35%.

About Corteva

(Free Report)

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.

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