Larry Mathis Financial Planning LLC Purchases New Shares in Sociedad Quimica y Minera S.A. $SQM

Larry Mathis Financial Planning LLC acquired a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,220 shares of the basic materials company’s stock, valued at approximately $566,000.

Other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sociedad Quimica y Minera in the fourth quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in Sociedad Quimica y Minera by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 256 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in Sociedad Quimica y Minera during the third quarter worth about $43,000. Signaturefd LLC boosted its holdings in Sociedad Quimica y Minera by 37.0% during the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 177 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in Sociedad Quimica y Minera in the 3rd quarter worth about $49,000. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera Stock Performance

Shares of SQM stock opened at $79.60 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.01 and a current ratio of 2.76. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 0.22 and a beta of 0.95. Sociedad Quimica y Minera S.A. has a 52 week low of $31.90 and a 52 week high of $98.00. The firm’s 50-day simple moving average is $84.88 and its two-hundred day simple moving average is $77.76.

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

Sociedad Quimica y Minera Dividend Announcement

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

Analyst Ratings Changes

SQM has been the subject of several analyst reports. CLSA upgraded shares of Sociedad Quimica y Minera to an “outperform” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lowered Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and upped their target price for the company from $94.00 to $100.00 in a report on Tuesday, June 2nd. The Goldman Sachs Group set a $100.00 price target on Sociedad Quimica y Minera in a research report on Tuesday, June 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Sociedad Quimica y Minera in a report on Wednesday, March 4th. Finally, Wall Street Zen upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $75.50.

Sociedad Quimica y Minera 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.