Whittier Trust Co. of Nevada Inc. Has $989,000 Position in Corteva, Inc. (NYSE:CTVA)

Whittier Trust Co. of Nevada Inc. lowered its position in Corteva, Inc. (NYSE:CTVA) by 1.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,360 shares of the company’s stock after selling 182 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Corteva were worth $989,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC increased its holdings in Corteva by 34.8% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 6,803 shares of the company’s stock worth $387,000 after buying an additional 1,758 shares during the last quarter. Holderness Investments Co. grew its holdings in Corteva by 9.0% during the fourth quarter. Holderness Investments Co. now owns 9,345 shares of the company’s stock valued at $532,000 after purchasing an additional 768 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Corteva by 774.9% during the fourth quarter. Teacher Retirement System of Texas now owns 40,832 shares of the company’s stock valued at $2,326,000 after purchasing an additional 36,165 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in Corteva by 1.5% during the fourth quarter. Royal London Asset Management Ltd. now owns 296,058 shares of the company’s stock valued at $16,863,000 after purchasing an additional 4,295 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in Corteva during the fourth quarter valued at approximately $618,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Insider Buying and Selling at Corteva

In other Corteva news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the completion of the transaction, the insider now directly owns 11,347 shares of the company’s stock, valued at approximately $723,257.78. This trade represents a 70.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CTVA. The Goldman Sachs Group began coverage on Corteva in a report on Thursday, March 13th. They set a “buy” rating and a $71.00 price target on the stock. Citigroup increased their price target on Corteva from $69.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada increased their price target on Corteva from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, February 7th. BNP Paribas upgraded shares of Corteva to a “hold” rating in a research note on Monday, February 10th. Finally, Bank of America raised their price objective on shares of Corteva from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Corteva Stock Down 0.2 %

Shares of CTVA stock opened at $61.70 on Friday. The stock has a market cap of $42.30 billion, a P/E ratio of 47.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. Corteva, Inc. has a one year low of $50.01 and a one year high of $66.24. The stock has a fifty day moving average price of $62.44 and a 200 day moving average price of $59.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93.

Corteva (NYSE:CTVA) last issued its earnings results on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. Analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.17 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. Corteva’s payout ratio is presently 52.71%.

Corteva Company 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.