Sen. Tommy Tuberville Sells Off Shares of Corteva, Inc. (NYSE:CTVA)

Senator Tommy Tuberville (R-Alabama) recently sold shares of Corteva, Inc. (NYSE:CTVA). In a filing disclosed on November 15th, the Senator disclosed that they had sold between $1,001 and $15,000 in Corteva stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Travelers Companies (NYSE:TRV) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Kimberly-Clark (NYSE:KMB) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Owens Corning (NYSE:OC) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/26/2024.

Corteva Price Performance

CTVA stock opened at $55.19 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 0.96. Corteva, Inc. has a one year low of $43.89 and a one year high of $63.75. The stock has a market cap of $37.93 billion, a PE ratio of 55.74, a P/E/G ratio of 1.85 and a beta of 0.77. The firm has a 50 day simple moving average of $58.34 and a two-hundred day simple moving average of $55.67.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.17 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. Corteva’s dividend payout ratio is presently 68.69%.

Institutional Investors Weigh In On Corteva

Several institutional investors and hedge funds have recently modified their holdings of the stock. M&T Bank Corp boosted its stake in Corteva by 0.8% during the third quarter. M&T Bank Corp now owns 2,077,000 shares of the company’s stock worth $122,107,000 after buying an additional 16,087 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Corteva by 1.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 415,007 shares of the company’s stock valued at $24,398,000 after buying an additional 5,819 shares during the last quarter. MML Investors Services LLC boosted its position in Corteva by 3.3% in the third quarter. MML Investors Services LLC now owns 91,727 shares of the company’s stock valued at $5,393,000 after buying an additional 2,921 shares during the last quarter. National Bank of Canada FI boosted its position in Corteva by 77.9% in the 3rd quarter. National Bank of Canada FI now owns 359,994 shares of the company’s stock worth $21,164,000 after purchasing an additional 157,614 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of Corteva by 14.8% during the 3rd quarter. iA Global Asset Management Inc. now owns 5,745 shares of the company’s stock valued at $338,000 after buying an additional 742 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Corteva in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $68.00 price objective for the company. KeyCorp dropped their price target on shares of Corteva from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Barclays increased their price target on shares of Corteva from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Wells Fargo & Company decreased their price objective on shares of Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Corteva from $57.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Corteva has a consensus rating of “Moderate Buy” and a consensus target price of $63.68.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

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.