S.E.E.D. Planning Group LLC Acquires 6,392 Shares of Corteva, Inc. (NYSE:CTVA)

S.E.E.D. Planning Group LLC grew its holdings in Corteva, Inc. (NYSE:CTVA) by 14.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,167 shares of the company’s stock after acquiring an additional 6,392 shares during the period. S.E.E.D. Planning Group LLC’s holdings in Corteva were worth $2,893,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in shares of Corteva during the 4th quarter valued at $25,000. BKM Wealth Management LLC purchased a new position in shares of Corteva during the 4th quarter valued at $27,000. Rise Advisors LLC lifted its stake in shares of Corteva by 2,522.2% during the 1st quarter. Rise Advisors LLC now owns 472 shares of the company’s stock valued at $27,000 after buying an additional 454 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Corteva during the 4th quarter valued at $28,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Corteva during the 4th quarter valued at $29,000. 81.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Brian Titus sold 12,134 shares of Corteva stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $56.65, for a total value of $687,391.10. Following the completion of the transaction, the insider now owns 13,495 shares in the company, valued at $764,491.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Samuel R. Eathington sold 31,686 shares of Corteva stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $57.64, for a total value of $1,826,381.04. Following the completion of the transaction, the insider now owns 53,854 shares in the company, valued at $3,104,144.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Titus sold 12,134 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $56.65, for a total transaction of $687,391.10. Following the sale, the insider now owns 13,495 shares of the company’s stock, valued at approximately $764,491.75. The disclosure for this sale can be found here. Insiders have sold 83,556 shares of company stock valued at $4,795,016 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Corteva from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. OTR Global restated a “negative” rating on shares of Corteva in a report on Friday, June 7th. Canaccord Genuity Group upped their price target on shares of Corteva from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, May 3rd. KeyCorp upped their target price on shares of Corteva from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $65.00 target price on shares of Corteva in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Corteva Stock Performance

CTVA stock traded up $0.29 during midday trading on Friday, hitting $53.94. 6,301,369 shares of the stock traded hands, compared to its average volume of 3,420,539. The firm has a market cap of $37.60 billion, a P/E ratio of 68.28, a PEG ratio of 1.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.97. The stock’s fifty day simple moving average is $54.77 and its 200-day simple moving average is $52.73. Corteva, Inc. has a 1-year low of $43.22 and a 1-year high of $58.76.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.65 billion. Corteva had a net margin of 3.32% and a return on equity of 6.68%. The company’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. On average, analysts expect that Corteva, Inc. will post 2.8 earnings per share for the current year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, June 4th. Corteva’s dividend payout ratio (DPR) is presently 81.01%.

About Corteva

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.