8,220 Shares in Sociedad Quimica y Minera S.A. $SQM Purchased by Larry Mathis Financial Planning LLC

Larry Mathis Financial Planning LLC acquired a new stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,220 shares of the basic materials company’s stock, valued at approximately $566,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SQM. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sociedad Quimica y Minera in the fourth quarter worth about $29,000. GAMMA Investing LLC boosted its holdings in Sociedad Quimica y Minera by 138.4% in the 4th quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after buying an additional 256 shares during the period. Signaturefd LLC grew its stake in Sociedad Quimica y Minera by 37.0% in the 4th quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after buying an additional 177 shares in the last quarter. Leonteq Securities AG bought a new stake in Sociedad Quimica y Minera during the 4th quarter valued at $58,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Sociedad Quimica y Minera during the fourth quarter worth $60,000. Institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Stock Performance

NYSE:SQM opened at $79.60 on Friday. The stock has a market cap of $22.74 billion, a P/E ratio of 27.93, a PEG ratio of 0.22 and a beta of 0.95. The company has a quick ratio of 2.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $84.88 and its two-hundred day moving average price is $77.76. Sociedad Quimica y Minera S.A. has a twelve month low of $31.90 and a twelve month high of $98.00.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings data on Saturday, May 16th. The basic materials company reported $1.28 EPS for the quarter. The company had revenue of $1.76 billion during the quarter. Sociedad Quimica y Minera had a return on equity of 11.99% and a net margin of 15.38%. As a group, equities analysts predict that Sociedad Quimica y Minera S.A. will post 7.25 EPS for the current fiscal year.

Sociedad Quimica y Minera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th were paid a $1.0295 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, May 8th. Sociedad Quimica y Minera’s payout ratio is currently 92.98%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SQM. Zacks Research lowered Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Bank of America lifted their target price on Sociedad Quimica y Minera from $49.00 to $53.00 and gave the company an “underperform” rating in a report on Wednesday, March 25th. Wall Street Zen raised shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a report on Saturday. The Goldman Sachs Group set a $100.00 price objective on shares of Sociedad Quimica y Minera in a research note on Tuesday, June 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sociedad Quimica y Minera currently has a consensus rating of “Hold” and an average target price of $75.50.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.