Advisors Asset Management Inc. Has $3.59 Million Stock Position in FMC Co. (NYSE:FMC)

Advisors Asset Management Inc. boosted its holdings in FMC Co. (NYSE:FMC - Free Report) by 69.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,851 shares of the basic materials company's stock after acquiring an additional 30,368 shares during the period. Advisors Asset Management Inc. owned about 0.06% of FMC worth $3,590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of FMC by 27.3% in the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company's stock worth $417,151,000 after purchasing an additional 1,343,615 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in FMC by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company's stock valued at $101,509,000 after buying an additional 685,995 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FMC by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company's stock valued at $56,602,000 after acquiring an additional 28,059 shares during the period. Van ECK Associates Corp grew its position in shares of FMC by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company's stock worth $28,634,000 after acquiring an additional 46,137 shares during the last quarter. Finally, Pzena Investment Management LLC increased its holdings in shares of FMC by 0.5% in the 4th quarter. Pzena Investment Management LLC now owns 577,962 shares of the basic materials company's stock worth $28,095,000 after acquiring an additional 2,668 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

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FMC Trading Down 1.5 %

NYSE FMC traded down $0.62 on Tuesday, hitting $41.13. 2,101,405 shares of the stock were exchanged, compared to its average volume of 1,899,058. The company's 50-day moving average price is $43.92 and its two-hundred day moving average price is $53.29. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. FMC Co. has a 52-week low of $33.80 and a 52-week high of $68.72. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.90 and a beta of 0.93.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Research analysts predict that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.64%. FMC's payout ratio is 85.29%.

Insider Buying and Selling at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ronaldo Pereira bought 5,600 shares of FMC stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the purchase, 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 0.85% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on FMC. Mizuho decreased their target price on shares of FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Redburn Atlantic cut FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price on the stock. in a research report on Friday, February 14th. Barclays reduced their price target on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. UBS Group lowered FMC from a "buy" rating to a "neutral" rating and lowered their price target for the company from $66.00 to $38.00 in a report on Friday, February 7th. Finally, Citigroup increased their target price on shares of FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $51.15.

FMC Profile

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.