Beaird Harris Wealth Management LLC’s holdings in Corteva, Inc. (NYSE: CTVA), as reported in the most recent disclosure with the Securities and Exchange Commission, increased by 1,533.5% during the third quarter. The institutional investor has 2,581 shares of the company’s stock in possession after making additional purchases of 2,423 shares during this period. Beaird Harris Wealth Management LLC had holdings in Corteva worth $148,000 at the end of the most recent fiscal quarter. These holdings were valued at that amount.
In addition, several institutional investors have recently adjusted the percentage of the company’s stock in their respective portfolios. Daiwa Securities Group Inc. increased the proportion of its holdings that are comprised of Corteva by 4.6% during the third quarter. Daiwa Securities Group Inc. now directly owns 146,305 shares of the company’s stock, which has a value of $8,361,000 after purchasing an additional 6,455 shares of the company’s stock during the most recent quarter. This brings the total number of shares directly owned by the company to 146,305. DekaBank Deutsche Girozentrale increased the amount of Corteva stock owned by 34.5 percent during the third quarter. Following the acquisition of a further 35,550 shares during the most recent fiscal quarter, DekaBank Deutsche Girozentrale now directly owns 138,616 shares in the company. The current value of these shares is $7,999,000. During the third quarter, approximately 313,000 dollars was spent on Silver Stevens Financial Advisors LLC’s purchase of a new position in Corteva. During the third quarter of the fiscal year, Clear Street Markets LLC increased the percentage of Corteva stock owned by 109.6%. After making an additional purchase of 1,661 shares during the most recent quarter, Clear Street Markets LLC is now the owner of 3,176 shares, valued at $182,000 (up from 3,066 at the previous close). During the third quarter, Hardman Johnston Global Advisors LLC increased the amount of Corteva stock owned by 16.0%, making this the last and most important point. Hardman Johnston Global Advisors LLC now owns 996,572 shares of the company’s stock, which has a market value of $56,954,000 after purchasing an additional 137,290 shares during the preceding quarter. This brings the total number of shares owned by the firm to 996,572. At the moment, institutions hold ownership rights over 79.4 percent of the company’s common stock.
The perspectives of several different research firms have been presented regarding CTVA. Bank of America raised its price objective for Corteva shares from $64.00 to $68.00. It changed its rating for the company from “underperform” to “neutral” in a research note released on Wednesday, January 11th. Corteva was downgraded from a “buy” rating to a “hold” rating in a research note published on Tuesday, November 15th, by Loop Capital. However, the firm increased its price objective on the stock from $70.00 to $71.00 during the same period. Both actions were taken with the company’s shares in mind at some point or another. In a research note published on Friday, November 4th, Credit Suisse Group raised their “outperform” rating and price target on shares of Corteva from $72.00 to $74.00. The price target was also raised. In a research note published on November 17th, Barclays upgraded their rating for Corteva to “overweight” and increased their price objective on the stock from $71.00 to $75.00. Both of these changes were made. In a research note published on January 12th, Mizuho increased its price objective on Corteva shares from $70.00 to $78.00 and rated the company as a “buy.” This was the last significant piece of news regarding the company. Four equity research professionals have assigned the stock a “hold” rating, while a “buy” rating has been assigned by thirteen other professionals. According to the data from Bloomberg, the standard investment recommendation for Corteva is a “Moderate Buy,” and the consensus price objective is $72.31.
On Tuesday, the price of CTVA shares increased by $0.05, which brought it to a new level of $62.77. There were 34,385 transactions involving the company’s stock, which is significantly higher than the average volume of trading, which is 2,117,303 shares. Currently, the share price of Corteva, Inc. is equal to its all-time high, and its all-time low from the previous year, which is $68.43. The company currently has a price-to-earnings ratio of 33.54, a price-to-earnings-to-growth ratio of 1.18, and a beta value of 0.78. Its market capitalization is currently sitting at $44.85 billion. The stock price is currently at $62.84 according to its 50-day simple moving average, while its 200-day simple moving average is $60.76. The current ratio is 1.69, the quick ratio is 1.08, and the debt-to-equity ratio is 0.05. The ratio of current assets to current liabilities is 1.69. There is a ratio of 1.69 between the value of current assets and the value of current liabilities.
The most recent earnings report for Corteva (NYSE: CTVA) was released to the public on November 3rd, after which the information was made available online. The company stated that it lost $0.12 in earnings per share for the period, which was $0.11 higher than the consensus estimate of $0.23 from industry analysts. The return on equity for Corteva was 7.31 percent, and the company’s net margin was 7.95 percent. The revenue the company brought in for the quarter was significantly higher than the forecasted amount of $2.58 billion in revenue expected for the company throughout the quarter. Compared to the results for the same quarter in the previous year, the current year’s results indicate a loss of $0.14 per share. Compared to the same quarter in the previous year, the increase in revenue was 17.1% higher than expected. According to the forecasts by research analysts, the current financial year should bring in a profit of $2.57 per share for Corteva, Inc.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 15th. In addition, the company just recently announced and distributed a dividend. On Monday, November 14th, $0.15 dividend payments per share were mailed out to stockholders who already had their information on file. If we look at this as an annual amount, we can calculate that this results in a yield of 0.96% and a dividend payment of $0.60 per year. The date that constituted the beginning of the ex-dividend period was this past Thursday, November 10th. Corteva currently has a payout ratio of 32.09 percent.
Most of Corteva, Inc.’s business is conducted in the agricultural sector. The company’s two primary offerings are crop Protection and Seed, active business divisions. Research, development, and distribution of advanced germplasm and traits that boost agricultural output are the responsibilities of the seed industry. It offers trait innovations that improve food and nutritional properties, as well as resistance to environmental factors, diseases, insects, and herbicides used to manage weeds.