Tokio Marine Asset Management Co. Ltd. Has $1.21 Million Stock Position in Corteva, Inc. (NYSE:CTVA)

Tokio Marine Asset Management Co. Ltd. reduced its position in Corteva, Inc. (NYSE:CTVA) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,214 shares of the company’s stock after selling 1,353 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Corteva were worth $1,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Corteva by 2.4% during the third quarter. Vanguard Group Inc. now owns 81,346,924 shares of the company’s stock worth $4,161,709,000 after acquiring an additional 1,941,323 shares in the last quarter. Northern Trust Corp grew its position in Corteva by 2.7% during the third quarter. Northern Trust Corp now owns 12,505,783 shares of the company’s stock worth $639,796,000 after buying an additional 327,321 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Corteva by 29.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,095,076 shares of the company’s stock valued at $567,624,000 after purchasing an additional 2,545,570 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Corteva by 78.7% in the 3rd quarter. Van ECK Associates Corp now owns 7,645,091 shares of the company’s stock valued at $391,123,000 after acquiring an additional 3,366,106 shares during the last quarter. Finally, WCM Investment Management LLC lifted its stake in shares of Corteva by 3.1% in the 4th quarter. WCM Investment Management LLC now owns 7,103,146 shares of the company’s stock valued at $341,590,000 after acquiring an additional 213,949 shares during the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Corteva Trading Up 0.4 %

CTVA stock traded up $0.23 during trading on Friday, reaching $54.93. The company had a trading volume of 145,847 shares, compared to its average volume of 3,492,938. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $61.87. The business has a 50 day moving average of $55.28 and a 200 day moving average of $50.43. The company has a market cap of $38.39 billion, a P/E ratio of 53.63, a PEG ratio of 1.43 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90.

Corteva (NYSE:CTVA) last announced its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, sell-side analysts forecast that Corteva, Inc. will post 2.84 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. Corteva’s payout ratio is 62.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CTVA shares. TheStreet upgraded Corteva from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $57.00 price target (down previously from $58.00) on shares of Corteva in a research note on Friday, April 12th. BNP Paribas upgraded Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 target price on the stock in a research note on Friday, February 2nd. Royal Bank of Canada boosted their target price on Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Loop Capital upgraded Corteva from a “hold” rating to a “buy” rating and boosted their target price for the stock from $57.00 to $65.00 in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $63.29.

Corteva 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.