Access Financial Services Inc. reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,611 shares of the company’s stock after selling 2,885 shares during the period. Access Financial Services Inc.’s holdings in Archer-Daniels-Midland Company were worth $687,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Guardian Life Insurance Co. of America increased its position in shares of Archer-Daniels-Midland Company by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after buying an additional 8 shares during the last quarter. Ledyard National Bank acquired a new position in shares of Archer-Daniels-Midland Company during the first quarter worth approximately $120,000. Whittier Trust Co. increased its position in shares of Archer-Daniels-Midland Company by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock worth $146,000 after buying an additional 2,932 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its position in shares of Archer-Daniels-Midland Company by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after buying an additional 2,963 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new position in shares of Archer-Daniels-Midland Company during the first quarter worth approximately $190,000. 72.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Archer-Daniels-Midland Company (ADM) opened at 41.48 on Monday. The firm has a 50-day moving average of $41.86 and a 200 day moving average of $44.08. Archer-Daniels-Midland Company has a 52 week low of $40.22 and a 52 week high of $47.88. The company has a market cap of $23.58 billion, a P/E ratio of 17.56 and a beta of 1.10.

Archer-Daniels-Midland Company (NYSE:ADM) last posted its earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.01. The firm had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.15 billion. Archer-Daniels-Midland Company had a net margin of 2.21% and a return on equity of 7.88%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Equities analysts expect that Archer-Daniels-Midland Company will post $2.63 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Archer-Daniels-Midland Company (ADM) Shares Sold by Access Financial Services Inc.” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/archer-daniels-midland-company-adm-shares-sold-by-access-financial-services-inc/1444926.html.

A number of research analysts recently commented on ADM shares. Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland Company in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Archer-Daniels-Midland Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $41.00 price target on shares of Archer-Daniels-Midland Company in a report on Tuesday, June 27th. Argus downgraded shares of Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $46.00 price target on shares of Archer-Daniels-Midland Company in a report on Friday, April 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.20.

Archer-Daniels-Midland Company Company Profile

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).

Institutional Ownership by Quarter for Archer-Daniels-Midland Company (NYSE:ADM)

Receive News & Ratings for Archer-Daniels-Midland Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland Company and related companies with Analyst Ratings Network's FREE daily email newsletter.