Creative Planning Has $2.77 Million Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Posted by Defense World Staff on Oct 10th, 2023

Creative Planning decreased its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Free Report) by 4.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 38,131 shares of the basic materials company’s stock after selling 1,897 shares during the period. Creative Planning’s holdings in Sociedad Química y Minera de Chile were worth $2,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SQM. D.A. Davidson & CO. acquired a new position in Sociedad Química y Minera de Chile in the first quarter worth about $626,000. B. Metzler seel. Sohn & Co. AG boosted its stake in Sociedad Química y Minera de Chile by 54.8% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 26,202 shares of the basic materials company’s stock valued at $2,124,000 after buying an additional 9,280 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in Sociedad Química y Minera de Chile in the 1st quarter valued at $48,000. Pacer Advisors Inc. grew its position in Sociedad Química y Minera de Chile by 9.2% in the second quarter. Pacer Advisors Inc. now owns 9,342 shares of the basic materials company’s stock valued at $678,000 after acquiring an additional 790 shares during the period. Finally, Accel Wealth Management acquired a new position in Sociedad Química y Minera de Chile during the first quarter worth $32,000. 14.94% of the stock is owned by institutional investors.

Sociedad Química y Minera de Chile Stock Down 2.6 %

Shares of NYSE SQM opened at $53.04 on Tuesday. Sociedad Química y Minera de Chile S.A. has a 1 year low of $52.42 and a 1 year high of $112.35. The firm’s 50-day moving average is $62.06 and its 200-day moving average is $69.19. The company has a current ratio of 2.39, a quick ratio of 1.67 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $15.15 billion, a PE ratio of 4.23, a price-to-earnings-growth ratio of 0.34 and a beta of 1.02.

Sociedad Química y Minera de Chile (NYSE:SQM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 16th. The basic materials company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.59). Sociedad Química y Minera de Chile had a net margin of 34.41% and a return on equity of 71.64%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $3.01 earnings per share. Equities analysts expect that Sociedad Química y Minera de Chile S.A. will post 11.06 EPS for the current year.

Sociedad Química y Minera de Chile Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Friday, January 1st were paid a dividend of $0.5119 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 3.86%. Sociedad Química y Minera de Chile’s dividend payout ratio (DPR) is presently 16.03%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SQM shares. StockNews.com assumed coverage on shares of Sociedad Química y Minera de Chile in a report on Thursday, October 5th. They issued a “hold” rating on the stock. HSBC dropped their price objective on shares of Sociedad Química y Minera de Chile from $134.00 to $90.50 in a report on Thursday, July 6th. JPMorgan Chase & Co. decreased their price target on Sociedad Química y Minera de Chile from $93.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, October 5th. Bank of America cut their price objective on Sociedad Química y Minera de Chile from $73.00 to $69.00 and set a “neutral” rating for the company in a research report on Friday, August 18th. Finally, Loop Capital decreased their target price on Sociedad Química y Minera de Chile from $83.00 to $71.00 and set a “hold” rating on the stock in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $80.61.

Get Our Latest Stock Analysis on SQM

Sociedad Química y Minera de Chile Profile

(Free Report)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

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Institutional Ownership by Quarter for Sociedad Química y Minera de Chile (NYSE:SQM)

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