Wetzel Investment Advisors Inc. Invests $115,000 in Corteva, Inc. (NYSE:CTVA)

Wetzel Investment Advisors Inc. bought a new position in Corteva, Inc. (NYSE:CTVA) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,404 shares of the company’s stock, valued at approximately $115,000.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in Corteva in the 2nd quarter worth $28,000. CVA Family Office LLC purchased a new position in Corteva in the 4th quarter worth $25,000. PCA Investment Advisory Services Inc. purchased a new position in Corteva in the 2nd quarter worth $31,000. NewSquare Capital LLC increased its position in shares of Corteva by 70.6% in the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock valued at $28,000 after acquiring an additional 226 shares during the period. Finally, Glass Jacobson Investment Advisors llc increased its position in shares of Corteva by 234.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Stock Up 1.6 %

Shares of NYSE CTVA traded up $0.84 during midday trading on Friday, hitting $54.80. The stock had a trading volume of 2,052,668 shares, compared to its average volume of 2,638,496. The business’s 50 day moving average is $55.23 and its 200-day moving average is $50.30. The company has a market cap of $38.30 billion, a P/E ratio of 53.73, a PEG ratio of 1.41 and a beta of 0.77. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $62.10. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.09. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same quarter in the prior year, the firm posted $0.16 earnings per share. As a group, analysts predict that Corteva, Inc. will post 2.84 EPS for the current year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, February 29th. Corteva’s dividend payout ratio is currently 62.75%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CTVA shares. UBS Group decreased their price objective on shares of Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Mizuho decreased their price objective on shares of Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Loop Capital upgraded shares of Corteva from a “hold” rating to a “buy” rating and boosted their price objective for the company from $57.00 to $65.00 in a research report on Monday, February 12th. Wells Fargo & Company boosted their price objective on shares of Corteva from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Oppenheimer boosted their price target on shares of Corteva from $62.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

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.