Inlight Wealth Management LLC Cuts Holdings in The Mosaic Company (NYSE:MOS)

Inlight Wealth Management LLC reduced its position in The Mosaic Company (NYSE:MOS - Free Report) by 78.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,972 shares of the basic materials company's stock after selling 18,590 shares during the quarter. Inlight Wealth Management LLC's holdings in Mosaic were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in shares of Mosaic during the fourth quarter valued at about $1,056,000. Allianz Asset Management GmbH lifted its holdings in Mosaic by 190.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company's stock worth $39,178,000 after acquiring an additional 1,045,812 shares during the last quarter. Oxbow Advisors LLC raised its holdings in shares of Mosaic by 0.6% during the fourth quarter. Oxbow Advisors LLC now owns 203,590 shares of the basic materials company's stock valued at $5,004,000 after buying an additional 1,293 shares during the last quarter. Howard Capital Management Inc. raised its holdings in shares of Mosaic by 2.9% during the fourth quarter. Howard Capital Management Inc. now owns 96,560 shares of the basic materials company's stock valued at $2,373,000 after buying an additional 2,764 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. raised its holdings in shares of Mosaic by 43.2% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 14,537 shares of the basic materials company's stock valued at $357,000 after buying an additional 4,383 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

NYSE MOS opened at $36.28 on Friday. The firm has a 50-day moving average of $32.94 and a 200-day moving average of $28.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12. The stock has a market cap of $11.51 billion, a PE ratio of 31.27, a P/E/G ratio of 2.13 and a beta of 1.14. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter last year, the company posted $0.65 EPS. Mosaic's quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Insider Buying and Selling

In related news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president now directly owns 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on MOS shares. Piper Sandler restated a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, March 27th. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research report on Wednesday, May 14th. CIBC lifted their target price on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. UBS Group lifted their target price on shares of Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Barclays reaffirmed an "overweight" rating and issued a $40.00 price objective (up previously from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mosaic presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.58.

Mosaic 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.

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