Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) by 26.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,197 shares of the basic materials company’s stock after selling 2,200 shares during the quarter. Diversified Trust Co’s holdings in Sociedad Química y Minera de Chile were worth $518,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Confluence Investment Management LLC grew its position in shares of Sociedad Química y Minera de Chile by 17.7% in the second quarter. Confluence Investment Management LLC now owns 3,719 shares of the basic materials company’s stock valued at $311,000 after purchasing an additional 558 shares during the last quarter. Bank of America Corp DE grew its position in shares of Sociedad Química y Minera de Chile by 6.3% in the first quarter. Bank of America Corp DE now owns 529,138 shares of the basic materials company’s stock valued at $45,293,000 after purchasing an additional 31,517 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the first quarter valued at approximately $279,000. Neuberger Berman Group LLC grew its position in shares of Sociedad Química y Minera de Chile by 37.2% in the first quarter. Neuberger Berman Group LLC now owns 1,059,489 shares of the basic materials company’s stock valued at $90,691,000 after purchasing an additional 287,518 shares during the last quarter. Finally, Toroso Investments LLC grew its position in shares of Sociedad Química y Minera de Chile by 8.1% in the first quarter. Toroso Investments LLC now owns 84,018 shares of the basic materials company’s stock valued at $7,192,000 after purchasing an additional 6,276 shares during the last quarter. 22.52% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Stock Performance

NYSE:SQM opened at $103.61 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.82 and a debt-to-equity ratio of 0.61. The company has a market cap of $27.27 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.55 and a beta of 0.86. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $46.13 and a fifty-two week high of $115.76. The firm’s 50 day moving average is $99.66 and its two-hundred day moving average is $90.60.

Sociedad Química y Minera de Chile Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 30th will be paid a dividend of $1.202 per share. This represents a $4.81 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, September 29th. Sociedad Química y Minera de Chile’s dividend payout ratio is currently 126.71%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SQM. BMO Capital Markets upped their price objective on shares of Sociedad Química y Minera de Chile from $125.00 to $130.00 in a research note on Friday, September 16th. StockNews.com raised shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. Jefferies Financial Group upped their price objective on shares of Sociedad Química y Minera de Chile from $78.00 to $91.00 in a research note on Thursday, June 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Sociedad Química y Minera de Chile from $105.00 to $115.00 in a research note on Monday, August 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $97.00.

Sociedad Química y Minera de Chile Company Profile

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Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its 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.

See Also

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

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