Crestwood Advisors Group LLC Has $287,000 Stock Position in Corteva, Inc. (NYSE:CTVA)

Crestwood Advisors Group LLC raised its position in shares of Corteva, Inc. (NYSE:CTVA) by 9.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,889 shares of the company’s stock after purchasing an additional 423 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Corteva were worth $287,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its position in shares of Corteva by 44.4% during the third quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock worth $33,000 after buying an additional 174 shares during the period. Pinnacle Bancorp Inc. grew its holdings in Corteva by 26.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 962 shares of the company’s stock worth $57,000 after acquiring an additional 199 shares during the period. Herr Investment Group LLC raised its position in shares of Corteva by 2.8% in the 1st quarter. Herr Investment Group LLC now owns 7,400 shares of the company’s stock worth $427,000 after acquiring an additional 200 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of Corteva by 0.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 48,200 shares of the company’s stock valued at $2,600,000 after purchasing an additional 203 shares during the period. Finally, Westhampton Capital LLC boosted its position in shares of Corteva by 2.5% during the 3rd quarter. Westhampton Capital LLC now owns 8,641 shares of the company’s stock valued at $508,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Corteva Trading Down 0.0 %

Shares of CTVA stock opened at $61.74 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.72. The company has a market capitalization of $42.74 billion, a price-to-earnings ratio of 47.49, a PEG ratio of 1.75 and a beta of 0.77. Corteva, Inc. has a 52-week low of $43.22 and a 52-week high of $63.75. The company has a 50-day simple moving average of $58.14 and a two-hundred day simple moving average of $55.55.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, December 2nd. Corteva’s payout ratio is 52.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CTVA. Bank of America upgraded Corteva from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $59.00 to $67.00 in a report on Wednesday, October 16th. Wells Fargo & Company dropped their target price on shares of Corteva from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Citigroup started coverage on shares of Corteva in a report on Wednesday, October 23rd. They issued a “buy” rating and a $68.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and set a $65.00 price objective on shares of Corteva in a report on Tuesday, September 24th. Finally, Argus downgraded Corteva from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.84.

Corteva Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.