CX Institutional Has $296,000 Stock Holdings in FMC Co. (NYSE:FMC)

CX Institutional cut its position in FMC Co. (NYSE:FMC) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,086 shares of the basic materials company’s stock after selling 487 shares during the period. CX Institutional’s holdings in FMC were worth $296,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Millburn Ridgefield Corp raised its holdings in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the period. First Horizon Advisors Inc. raised its holdings in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares during the period. Mather Group LLC. raised its holdings in FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares during the period. Peterson Financial Group Inc. acquired a new stake in FMC in the third quarter worth $51,000. Finally, Brooklyn Investment Group acquired a new stake in FMC in the third quarter worth $52,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price objective on the stock in a report on Tuesday, January 21st. KeyCorp dropped their price objective on shares of FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. UBS Group dropped their price objective on shares of FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Mizuho dropped their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, FMC presently has a consensus rating of “Hold” and a consensus target price of $63.25.

FMC Stock Down 0.1 %

Shares of FMC stock opened at $55.59 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. FMC Co. has a 1 year low of $47.71 and a 1 year high of $68.72. The firm’s fifty day moving average price is $53.75 and its two-hundred day moving average price is $59.00. The firm has a market capitalization of $6.94 billion, a P/E ratio of 4.78, a PEG ratio of 1.15 and a beta of 0.83.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities analysts predict that FMC Co. will post 3.34 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.85% of the company’s stock.

About FMC

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 includes 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.