Sociedad Quimica y Minera S.A. (SQM) Position Cut by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK cut its position in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,097,250 shares of the basic materials company’s stock after selling 5,500 shares during the period. Aberdeen Asset Management PLC UK owned approximately 0.80% of Sociedad Quimica y Minera worth $72,104,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Financial Architects Inc raised its stake in Sociedad Quimica y Minera by 18,723.8% in the first quarter. Financial Architects Inc now owns 3,953 shares of the basic materials company’s stock worth $136,000 after buying an additional 3,932 shares during the period. Dumac Inc. purchased a new stake in Sociedad Quimica y Minera during the fourth quarter valued at approximately $149,000. Creative Planning raised its stake in Sociedad Quimica y Minera by 40.7% in the first quarter. Creative Planning now owns 5,206 shares of the basic materials company’s stock valued at $179,000 after buying an additional 1,506 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Sociedad Quimica y Minera by 19.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,420 shares of the basic materials company’s stock valued at $184,000 after buying an additional 1,062 shares during the last quarter. Finally, Commerce Bank purchased a new stake in Sociedad Quimica y Minera during the first quarter valued at approximately $203,000. 15.83% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Sociedad Quimica y Minera (NYSE:SQM)

Shares of Sociedad Quimica y Minera S.A. (SQM) traded down 0.06% on Friday, reaching $34.44. The company’s stock had a trading volume of 780,916 shares. The stock has a market capitalization of $9.06 billion, a P/E ratio of 28.07 and a beta of 1.04. The company has a 50 day moving average of $35.26 and a 200 day moving average of $33.08. Sociedad Quimica y Minera S.A. has a 1-year low of $23.14 and a 1-year high of $37.47.

The firm also recently disclosed a dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 8th were paid a dividend of $0.3922 per share. The ex-dividend date was Tuesday, June 6th. This is a positive change from Sociedad Quimica y Minera’s previous dividend of $0.26. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is 88.62%.

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SQM has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Deutsche Bank AG downgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Monday, April 17th. Vetr upgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 price target on the stock in a report on Wednesday, May 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price target on shares of Sociedad Quimica y Minera in a report on Thursday, May 18th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.65.

About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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