CTA-PA Dupont E I De Nemours & Co

On June 1, 2019, Corteva Inc. became an independent, publicly traded company through the previously announced separation (the “Separation”) of the agriculture business of DuPont de Nemours Inc. (formerly known as DowDuPont Inc.) (“DuPont” or "DowDuPont"). The separation was effectuated through a pro rata distribution (the “Corteva Distribution”) of all of the then-issued and outstanding shares of common stock, par value $0.01 per share, of Corteva Inc., which was then a wholly-owned subsidiary of DowDuPont, to holders of record of DowDuPont common stock as of the close of business on May 24, 2019. In connection with the Separation, DowDuPont Inc. changed its name to DuPont de Nemours Inc.

Company profile

Ticker

CTA-PA

Exchange

Incorporated in

Location

Fiscal year end

Industry (SEC)

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass)

Sealed Air • Rayonier Advanced Materials • Celanese • Sincerity Applied Materials • GelTech Solutions • Kraig Biocraft Laboratories ...

SEC CIK

0000030554

Corporate docs

Articles of Incorporation & Bylaws

IRS number

510014090

Company financial data Financial data

Chart CTA-PA financial data

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	5.56B	3.4B	5.74B	5.29B
Net income	-608M	85M	-354M	-4.96B
Diluted EPS	-0.81	0.22
Net profit margin	-10.94%	2.50%	-6.17%	-93.69%
Net change in cash	-1.72B	1.53B	-1.27B	840M
Cash on hand	2.08B	3.8B	2.27B	3.54B
Cost of revenue	3.05B	4.24B	3.98B	3.69B

Annual (USD)	Dec 18	Dec 16	Dec 15	Dec 14
Revenue	26.28B	23.21B	23.66B	28.41B
Net income	-5.03B	2.51B	1.95B	3.63B
Diluted EPS		2.85	2.16	3.92
Net profit margin	-19.14%	10.83%	8.26%	12.76%
Operating income				6.36B
Net change in cash	378M	-46M	-243M
Cash on hand	2.27B	1.89B	1.94B	2.18B
Cost of revenue	18.18B	13.94B	15.11B	17.02B

Financial data from company earnings reports

Institutional ownership Q1 2020

CTA-PA institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	21	30	-30.0%
Opened positions	3	3	–
Closed positions	12	5	+140.0%
Increased positions	7	8	-12.5%
Reduced positions	7	13	-46.2%

13F shares	Current	Prev Q	Change
Total value	81.75M	185.57M	-55.9%
Total shares	2.22M	2.89M	-23.2%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Folger Nolan Fleming Douglas Capital Management	1.1M	$37.66M	0.0%
Cibc World Markets	719.45K	$24.53M	-46.9%
CapWealth Advisors	111.97K	$8.41M	NEW
Wealth Enhancement Advisory Services	98.51K	$4.57M	+194.5%
Greenwich Wealth Management	40.97K	$1.4M	+0.4%
Bridge Creek Capital Management	27K	$920K	+10.8%
Cullinan Associates	24.53K	$837K	-8.9%
Fruth Investment Management	19.34K	$659K	+27.2%
Capital Investment Advisors	14.31K	$488K	-8.2%
Saybrook Capital	12.72K	$805K	NEW

Largest transactions	Shares	Bought/sold	Change
Cibc World Markets	719.45K	-636.28K	-46.9%
CapWealth Advisors	111.97K	+111.97K	NEW
Wealth Enhancement Advisory Services	98.51K	+65.05K	+194.5%
Lau Associates	0	-62.75K	EXIT
Novare Capital Management	0	-52.3K	EXIT
Cheviot Value Management	0	-32.55K	EXIT
Asset Planning Services	0	-27.64K	EXIT
UVSP Univest Financial	0	-19.74K	EXIT
Saybrook Capital	12.72K	+12.72K	NEW
Curbstone Financial Management	0	-10.46K	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Global or regional health pandemics or epidemics, including COVID-19, could negatively impact the company's business, financial condition and results of operations.
Reduction in ethanol demand driven by declines in crude oil and gasoline consumption may negatively impact demand for corn, which would negatively impact the company's business, financial condition and results of operations.

Management Discussion

Net sales were $3,956 million and $3,396 million for the three months ended March 31, 2020 and 2019, respectively. The increase was primarily driven by a 17 percent increase in volume and a 3 percent increase in price, partially offset by a 3 percent decrease in currency and a 1 percent impact from portfolio. Volume gains were primarily driven by earlier seed deliveries due to improved weather conditions and the anticipated recovery of planted area in North America, strong early demand in EMEA due to perceived supply concerns from COVID-19, and strong demand for new products in crop protection. Pricing gains were largely driven by increased pricing to offset currency in Latin America and improved mix from new products in both North America and Latin America. Unfavorable currency impacts were primarily driven by the Brazilian Real and the European Euro. The portfolio impact was due to prior year divestitures in North America and Asia Pacific.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Bad

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From filing 10-Q 2020 Q1