North Star Investment Management Corp. Reduces Holdings in Corteva, Inc. (NYSE:CTVA)

North Star Investment Management Corp. decreased its position in Corteva, Inc. (NYSE:CTVA) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,721 shares of the company’s stock after selling 999 shares during the period. North Star Investment Management Corp.’s holdings in Corteva were worth $67,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its stake in shares of Corteva by 71.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 943 shares of the company’s stock valued at $27,000 after buying an additional 393 shares during the period. Advisory Alpha LLC purchased a new position in shares of Corteva during the 3rd quarter worth approximately $30,000. Endurance Wealth Management Inc. boosted its position in shares of Corteva by 164.6% during the 3rd quarter. Endurance Wealth Management Inc. now owns 1,098 shares of the company’s stock worth $32,000 after purchasing an additional 683 shares during the period. Clean Yield Group boosted its position in shares of Corteva by 133.3% during the 3rd quarter. Clean Yield Group now owns 1,437 shares of the company’s stock worth $41,000 after purchasing an additional 821 shares during the period. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Corteva during the 3rd quarter worth approximately $55,000. 77.15% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on CTVA shares. Morgan Stanley upgraded shares of Corteva from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $46.00 in a report on Monday, December 14th. Deutsche Bank Aktiengesellschaft increased their price target on Corteva from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 8th. BMO Capital Markets increased their price target on Corteva from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Bank of America upgraded Corteva from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, October 19th. Finally, Exane BNP Paribas downgraded Corteva from an “outperform” rating to an “underperform” rating in a report on Monday, October 19th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $35.95.

In other Corteva news, insider Brian Titus sold 8,545 shares of Corteva stock in a transaction on Friday, December 4th. The stock was sold at an average price of $38.50, for a total transaction of $328,982.50. Following the completion of the transaction, the insider now directly owns 21,049 shares of the company’s stock, valued at $810,386.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Neal Gutterson sold 13,115 shares of Corteva stock in a transaction on Monday, November 9th. The shares were sold at an average price of $35.78, for a total value of $469,254.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,871 shares of company stock valued at $1,768,306. 0.22% of the stock is owned by company insiders.

Shares of CTVA stock opened at $44.13 on Thursday. The stock has a market cap of $32.88 billion, a P/E ratio of 53.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.82. Corteva, Inc. has a one year low of $20.38 and a one year high of $44.96. The stock has a fifty day moving average price of $39.45 and a 200 day moving average price of $32.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.26.

Corteva (NYSE:CTVA) last issued its earnings results on Wednesday, November 4th. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.03. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Corteva had a return on equity of 4.70% and a net margin of 4.42%. Corteva’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned ($0.39) earnings per share. Equities research analysts anticipate that Corteva, Inc. will post 1.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Friday, November 13th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 12th. This represents a $0.52 annualized dividend and a yield of 1.18%. Corteva’s dividend payout ratio (DPR) is currently 36.36%.

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 weeds, as well as food and nutritional characteristics.

Further Reading: How is a management fee different from a performance fee?

Want to see what other hedge funds are holding CTVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corteva, Inc. (NYSE:CTVA).

Institutional Ownership by Quarter for Corteva (NYSE:CTVA)

Receive News & Ratings for Corteva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corteva and related companies with MarketBeat.com's FREE daily email newsletter.