Apella Capital LLC Invests $517,000 in Corteva, Inc. $CTVA

Group 1: Investment Activity - Apella Capital LLC acquired 7,646 shares of Corteva, Inc. valued at approximately $517,000 in the 3rd quarter [2] - Vanguard Group Inc. increased its holdings by 0.5%, owning 80,188,326 shares worth $5,976,436,000 after purchasing an additional 373,680 shares [3] - Geode Capital Management LLC raised its position by 1.4%, now owning 18,047,263 shares valued at $1,339,651,000 after buying 251,693 shares [3] - Franklin Resources Inc. boosted its stake by 4.9%, owning 17,680,238 shares worth $1,317,708,000 after acquiring 824,451 shares [3] - WCM Investment Management LLC grew its holdings by 29.6%, now owning 9,044,706 shares valued at $672,836,000 after buying 2,066,519 shares [3] - Norges Bank purchased a new stake valued at $434,220,000 [3] - Institutional investors and hedge funds own 81.54% of Corteva's stock [3] Group 2: Analyst Ratings - Wells Fargo & Company lowered the price target from $80.00 to $77.00 while maintaining an "overweight" rating [4] - Morgan Stanley set a target price of $84.00 [4] - KeyCorp reissued a "sector weight" rating [4] - Zacks Research downgraded from "strong-buy" to "hold" [4] - BNP Paribas Exane increased the price objective from $70.00 to $72.00 with a "neutral" rating [4] - Sixteen analysts rated the stock as a Buy and six assigned a Hold rating, with a consensus rating of "Moderate Buy" and a price target of $78.21 [4] Group 3: Financial Performance - Corteva reported earnings of ($0.23) per share, beating estimates of ($0.49) by $0.26 [6] - The company had revenue of $2.62 billion for the quarter, exceeding estimates of $2.47 billion, with a 6.5% increase compared to the same quarter last year [6] - The return on equity was 9.37% and the net margin was 9.19% [6] Group 4: Stock Performance - Corteva's stock opened at $67.65, with a market capitalization of $45.71 billion [5] - The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07, and a current ratio of 1.58 [5] - The stock has a P/E ratio of 28.91, a PEG ratio of 1.53, and a beta of 0.74 [5] - The 52-week low is $53.40 and the high is $77.41 [5] Group 5: Dividend Information - Corteva announced a quarterly dividend of $0.18 per share, representing an annualized dividend of $0.72 and a yield of 1.1% [7] - The dividend payout ratio is 30.77% [7] Group 6: Company Overview - Corteva, Inc. is an independent global agriculture company established in mid-2019 following the separation from DowDuPont [8] - The company focuses on technologies and products that enhance productivity and manage crop health [8] - Corteva's operations include seed genetics, crop protection chemistries, digital tools, and biological solutions [9]