FMC Co. (NYSE:FMC) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in FMC Co. (NYSE:FMCGet Rating) by 25.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,896 shares of the basic materials company’s stock after selling 1,328 shares during the quarter. Axxcess Wealth Management LLC’s holdings in FMC were worth $417,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. State of Michigan Retirement System lifted its position in shares of FMC by 0.3% during the first quarter. State of Michigan Retirement System now owns 31,958 shares of the basic materials company’s stock worth $4,205,000 after purchasing an additional 91 shares in the last quarter. OPSEU Pension Plan Trust Fund lifted its position in shares of FMC by 2.3% during the first quarter. OPSEU Pension Plan Trust Fund now owns 5,009 shares of the basic materials company’s stock worth $664,000 after purchasing an additional 111 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of FMC by 2.6% during the first quarter. Brown Advisory Inc. now owns 4,834 shares of the basic materials company’s stock worth $636,000 after purchasing an additional 121 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of FMC by 1.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 7,679 shares of the basic materials company’s stock worth $1,010,000 after purchasing an additional 129 shares in the last quarter. Finally, Baystate Wealth Management LLC lifted its position in shares of FMC by 0.8% during the second quarter. Baystate Wealth Management LLC now owns 16,223 shares of the basic materials company’s stock worth $1,736,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.

FMC Stock Performance

Shares of FMC stock opened at $128.25 on Thursday. The firm has a market capitalization of $16.16 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.74 and a beta of 0.83. FMC Co. has a 52 week low of $98.24 and a 52 week high of $140.99. The company has a quick ratio of 0.93, a current ratio of 1.41 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $116.50 and its two-hundred day moving average is $113.02.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FMC shares. Citigroup increased their price target on shares of FMC from $127.00 to $128.00 in a research report on Tuesday, October 4th. KeyCorp raised their target price on shares of FMC from $122.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, November 3rd. StockNews.com raised shares of FMC from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Loop Capital raised shares of FMC from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $149.00 in a report on Tuesday, November 15th. Finally, Royal Bank of Canada raised their target price on shares of FMC from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $133.91.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 4,502 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $126.95, for a total value of $571,528.90. Following the transaction, the executive vice president now directly owns 18,354 shares in the company, valued at $2,330,040.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is currently owned by insiders.

About FMC

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FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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