Mufg Securities Americas Inc. Makes New $90,000 Investment in FMC Co. (NYSE:FMC)

Mufg Securities Americas Inc. bought a new position in shares of FMC Co. (NYSE:FMC) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,843 shares of the basic materials company’s stock, valued at approximately $90,000.

A number of other large investors have also recently added to or reduced their stakes in the company. WP Advisors LLC increased its holdings in FMC by 3.3% during the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 200 shares in the last quarter. International Private Wealth Advisors LLC increased its holdings in FMC by 3.8% during the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 205 shares in the last quarter. Blue Trust Inc. increased its holdings in FMC by 9.9% during the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 236 shares in the last quarter. Principal Securities Inc. increased its holdings in FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of FMC by 0.8% during the 4th quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company’s stock worth $1,761,000 after buying an additional 285 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Trading Up 2.1%

Shares of NYSE:FMC opened at $40.03 on Friday. FMC Co. has a 52-week low of $32.83 and a 52-week high of $68.55. The company has a market capitalization of $5.00 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. The company has a 50-day simple moving average of $39.16 and a 200 day simple moving average of $46.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. The firm had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. Sell-side analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 5.80%. FMC’s dividend payout ratio (DPR) is presently 88.55%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of FMC in a research note on Thursday, March 13th. They set a “buy” rating and a $51.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of FMC from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. KeyCorp increased their price objective on shares of FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. StockNews.com downgraded shares of FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, BMO Capital Markets reduced their price objective on shares of FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, FMC presently has an average rating of “Hold” and an average price target of $49.46.

Insiders Place Their Bets

In related news, Director Carol Anthony Davidson acquired 6,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now directly owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. The trade was a 12.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% 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.