St. James Investment Company LLC Decreases Holdings in Corteva, Inc. (NYSE:CTVA)

St. James Investment Company LLC decreased its holdings in Corteva, Inc. (NYSE:CTVA) by 2.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 302,941 shares of the company’s stock after selling 7,581 shares during the period. Corteva makes up approximately 3.0% of St. James Investment Company LLC’s investment portfolio, making the stock its 16th biggest position. St. James Investment Company LLC’s holdings in Corteva were worth $17,256,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CTVA. AIA Group Ltd purchased a new position in Corteva in the 4th quarter worth approximately $2,455,000. O Shaughnessy Asset Management LLC increased its stake in shares of Corteva by 11.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 176,491 shares of the company’s stock worth $10,053,000 after buying an additional 18,058 shares during the period. Clearbridge Investments LLC raised its holdings in Corteva by 8.7% during the 4th quarter. Clearbridge Investments LLC now owns 1,765,829 shares of the company’s stock valued at $100,582,000 after buying an additional 141,145 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Corteva during the 4th quarter valued at $8,538,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Corteva by 18.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 26,073 shares of the company’s stock worth $1,490,000 after acquiring an additional 4,137 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Corteva Stock Down 2.2 %

Shares of NYSE:CTVA opened at $61.08 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $62.53 and a two-hundred day simple moving average of $60.13. Corteva, Inc. has a 12-month low of $50.01 and a 12-month high of $66.24. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 1.68 and a beta of 0.79.

Corteva (NYSE:CTVA) last announced its quarterly earnings data 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 net margin of 5.36% and a return on equity of 7.19%. On average, research analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, March 3rd. Corteva’s dividend payout ratio is currently 52.71%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CTVA shares. Royal Bank of Canada increased their target price on shares of Corteva from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Oppenheimer lifted their price objective on Corteva from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays upped their target price on Corteva from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. UBS Group cut their price target on shares of Corteva from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, BNP Paribas upgraded shares of Corteva to a “hold” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Insiders Place Their Bets

In other Corteva news, insider Brian Titus sold 26,560 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 11,347 shares in the company, valued at $723,257.78. The trade was a 70.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

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.