Prestige Wealth Management Group LLC Sells 10,091 Shares of Corteva, Inc. $CTVA

Prestige Wealth Management Group LLC lowered its stake in Corteva, Inc. (NYSE:CTVA) by 95.8% during the 1st quarter, Holdings Channel reports. The firm owned 445 shares of the company’s stock after selling 10,091 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Corteva were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Harris Associates L P lifted its position in shares of Corteva by 168.1% in the fourth quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock worth $1,141,268,000 after buying an additional 10,675,052 shares in the last quarter. Norges Bank bought a new position in Corteva during the fourth quarter valued at approximately $504,001,000. Northwestern Mutual Wealth Management Co. grew its holdings in Corteva by 6,527.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,212 shares of the company’s stock valued at $211,025,000 after buying an additional 3,100,709 shares in the last quarter. Perpetual Ltd grew its holdings in Corteva by 78,688.5% during the 4th quarter. Perpetual Ltd now owns 2,615,779 shares of the company’s stock valued at $175,336,000 after buying an additional 2,612,459 shares in the last quarter. Finally, Amundi increased its stake in Corteva by 125.3% in the 3rd quarter. Amundi now owns 3,415,554 shares of the company’s stock worth $219,620,000 after acquiring an additional 1,899,248 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CTVA shares. Argus increased their target price on Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Morgan Stanley boosted their price target on shares of Corteva from $84.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Bank of America upped their price target on shares of Corteva from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Monday. UBS Group lowered their price objective on shares of Corteva from $90.00 to $86.00 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Finally, Barclays lifted their price objective on shares of Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Corteva has an average rating of “Moderate Buy” and an average price target of $90.19.

Corteva Price Performance

NYSE:CTVA opened at $88.74 on Friday. The firm has a market capitalization of $59.35 billion, a price-to-earnings ratio of 52.20, a PEG ratio of 2.69 and a beta of 0.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. The business has a 50 day simple moving average of $81.25 and a 200-day simple moving average of $78.84. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $89.39.

Corteva (NYSE:CTVA) last released its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.32. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the company posted $1.13 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities analysts forecast that Corteva, Inc. will post 3.75 EPS for the current year.

Corteva Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.18 per share. The ex-dividend date was Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Corteva’s payout ratio is 42.35%.

Corteva Company 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.