FMC Co. (NYSE:FMC) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its position in shares of FMC Co. (NYSE:FMC - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 139,789 shares of the basic materials company's stock after selling 22,222 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of FMC worth $6,795,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in FMC. Norges Bank purchased a new position in FMC during the 4th quarter worth approximately $49,888,000. Bank of New York Mellon Corp boosted its holdings in shares of 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 acquiring an additional 685,995 shares during the period. Brandywine Global Investment Management LLC grew its position in shares of FMC by 14.9% during the fourth quarter. Brandywine Global Investment Management LLC now owns 1,861,057 shares of the basic materials company's stock worth $90,466,000 after acquiring an additional 241,582 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of FMC by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock valued at $743,338,000 after acquiring an additional 180,766 shares during the period. Finally, Jones Financial Companies Lllp raised its position in FMC by 50.7% in the 4th quarter. Jones Financial Companies Lllp now owns 427,256 shares of the basic materials company's stock valued at $20,769,000 after purchasing an additional 143,770 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

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FMC Price Performance

Shares of NYSE FMC traded down $0.19 during midday trading on Tuesday, hitting $37.38. The company had a trading volume of 1,326,011 shares, compared to its average volume of 2,033,907. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $38.81 and a two-hundred day simple moving average of $50.45. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.72. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83.

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

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Monday, March 31st. FMC's dividend payout ratio is currently 85.29%.

Analyst Ratings Changes

FMC has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group initiated coverage on FMC in a report on Thursday, March 13th. They set a "buy" rating and a $51.00 price target on the stock. Redburn Atlantic downgraded FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a research note on Friday, February 14th. Royal Bank of Canada downgraded FMC from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Finally, Barclays cut their price target on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $50.31.

Insider Transactions at FMC

In other news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the sale, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carol Anthony Davidson acquired 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $223,980. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

FMC Company 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.