Envestnet Portfolio Solutions Inc. Has $3.40 Million Stock Holdings in The Mosaic Company $MOS

Envestnet Portfolio Solutions Inc. cut its position in shares of The Mosaic Company (NYSE:MOS) by 19.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,174 shares of the basic materials company’s stock after selling 22,927 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Mosaic were worth $3,399,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC increased its position in Mosaic by 0.9% during the 1st quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company’s stock worth $1,087,000 after purchasing an additional 350 shares in the last quarter. NewEdge Advisors LLC increased its position in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares in the last quarter. Twin Capital Management Inc. increased its position in Mosaic by 2.7% during the 1st quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company’s stock worth $394,000 after purchasing an additional 384 shares in the last quarter. UMB Bank n.a. increased its position in Mosaic by 25.7% during the 2nd quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 387 shares in the last quarter. Finally, Abundance Wealth Counselors increased its position in Mosaic by 1.8% during the 2nd quarter. Abundance Wealth Counselors now owns 22,777 shares of the basic materials company’s stock worth $827,000 after purchasing an additional 413 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Trading Down 0.5%

Shares of NYSE MOS opened at $29.80 on Thursday. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The firm has a 50 day moving average price of $33.19 and a two-hundred day moving average price of $33.09. The stock has a market cap of $9.46 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. Mosaic’s dividend payout ratio is 29.83%.

Wall Street Analyst Weigh In

MOS has been the subject of a number of research analyst reports. Scotiabank cut shares of Mosaic from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $39.00 to $34.00 in a research report on Friday, October 10th. Bank of America lowered their price objective on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Mosaic in a research report on Wednesday, October 8th. Zacks Research cut shares of Mosaic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen cut shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Mosaic has a consensus rating of “Moderate Buy” and a consensus target price of $35.15.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.