Haverford Trust Co Has $3.77 Million Stock Position in Corteva, Inc. (NYSE:CTVA)

Haverford Trust Co lowered its stake in shares of Corteva, Inc. (NYSE:CTVA) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,211 shares of the company’s stock after selling 1,077 shares during the quarter. Haverford Trust Co’s holdings in Corteva were worth $3,771,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CTVA. Flagship Wealth Advisors LLC purchased a new stake in Corteva in the fourth quarter worth $25,000. Noble Wealth Management PBC bought a new position in shares of Corteva during the 4th quarter worth $26,000. Hager Investment Management Services LLC purchased a new stake in Corteva in the 4th quarter worth about $27,000. Golden State Wealth Management LLC bought a new stake in Corteva in the 4th quarter valued at about $32,000. Finally, Centricity Wealth Management LLC bought a new stake in Corteva in the 4th quarter valued at about $34,000. Institutional investors own 81.54% of the company’s stock.

Insider Activity at Corteva

In related news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total value of $1,692,934.40. Following the transaction, the insider now owns 11,347 shares in the company, valued at $723,257.78. This trade represents a 70.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CTVA has been the subject of several recent research reports. UBS Group reduced their target price on shares of Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Citigroup lifted their price objective on shares of Corteva from $69.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Bank of America increased their target price on Corteva from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada lifted their price target on Corteva from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, BNP Paribas raised Corteva to a “hold” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Corteva Trading Up 0.7 %

Shares of CTVA opened at $62.12 on Tuesday. 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, Inc. has a 1-year low of $50.01 and a 1-year high of $66.24. The company has a market capitalization of $42.59 billion, a P/E ratio of 48.16, a P/E/G ratio of 1.68 and a beta of 0.79. The firm’s 50 day simple moving average is $62.48 and its 200 day simple moving average is $59.95.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. Sell-side analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.17 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.09%. Corteva’s dividend payout ratio (DPR) 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.