WCG Wealth Advisors LLC Purchases New Position in Corteva, Inc. $CTVA

WCG Wealth Advisors LLC acquired a new position in Corteva, Inc. (NYSE:CTVA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,833 shares of the company’s stock, valued at approximately $1,329,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTVA. CIBC Asset Management Inc raised its position in shares of Corteva by 65.1% during the fourth quarter. CIBC Asset Management Inc now owns 166,264 shares of the company’s stock worth $11,145,000 after acquiring an additional 65,563 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Corteva by 26.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,531,726 shares of the company’s stock valued at $370,792,000 after purchasing an additional 1,150,926 shares during the last quarter. Westpac Banking Corp increased its holdings in Corteva by 121.3% in the fourth quarter. Westpac Banking Corp now owns 16,061 shares of the company’s stock valued at $1,077,000 after purchasing an additional 8,803 shares during the last quarter. Natixis Advisors LLC grew its stake in Corteva by 3.3% in the fourth quarter. Natixis Advisors LLC now owns 657,702 shares of the company’s stock valued at $44,086,000 after acquiring an additional 21,075 shares during the period. Finally, 3Chopt Investment Partners LLC grew its stake in Corteva by 34.7% in the fourth quarter. 3Chopt Investment Partners LLC now owns 8,186 shares of the company’s stock valued at $549,000 after acquiring an additional 2,110 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CTVA. Mizuho upped their price objective on Corteva from $82.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. CICC Research upped their price objective on Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Wells Fargo & Company upped their price objective on Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group increased their target price on Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Berenberg Bank increased their target price on Corteva from $68.00 to $78.00 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.67.

Corteva Trading Down 0.5%

Shares of CTVA stock opened at $77.06 on Friday. The stock’s fifty day moving average price is $81.17 and its two-hundred day moving average price is $74.94. The company has a market cap of $51.54 billion, a PE ratio of 45.33, a P/E/G ratio of 2.37 and a beta of 0.57. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $85.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47.

Corteva (NYSE:CTVA) last issued its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities analysts predict that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Corteva’s dividend payout ratio (DPR) is currently 42.35%.

Corteva Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.