Cibc World Markets Corp Purchases 52,261 Shares of FMC Co. (NYSE:FMC)

Cibc World Markets Corp increased its stake in FMC Co. (NYSE:FMC - Free Report) by 538.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,969 shares of the basic materials company's stock after purchasing an additional 52,261 shares during the period. Cibc World Markets Corp's holdings in FMC were worth $3,012,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First National Advisers LLC increased its stake in shares of FMC by 1.6% in the fourth quarter. First National Advisers LLC now owns 28,827 shares of the basic materials company's stock valued at $1,401,000 after purchasing an additional 466 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in FMC in the 4th quarter worth approximately $214,000. Frank Rimerman Advisors LLC increased its position in FMC by 8.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 6,492 shares of the basic materials company's stock valued at $316,000 after acquiring an additional 520 shares during the period. Monaco Asset Management SAM acquired a new position in FMC during the 4th quarter worth $1,944,000. Finally, Swiss National Bank boosted its position in FMC by 0.7% during the 4th quarter. Swiss National Bank now owns 245,600 shares of the basic materials company's stock worth $11,939,000 after acquiring an additional 1,800 shares during the period. 91.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FMC has been the topic of a number of research analyst reports. Vertical Research raised FMC to a "hold" rating in a report on Wednesday, February 5th. StockNews.com cut shares of FMC from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Royal Bank of Canada lowered shares of FMC from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Citigroup raised their price objective on shares of FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, UBS Group downgraded FMC from a "buy" rating to a "neutral" rating and cut their target price for the stock from $66.00 to $38.00 in a research report on Friday, February 7th. 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $51.15.

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Insider Buying and Selling

In other FMC news, Director Carol Anthony Davidson acquired 6,000 shares of FMC stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

FMC Trading Down 1.5 %

FMC traded down $0.62 during trading on Tuesday, reaching $41.13. The company had a trading volume of 2,101,405 shares, compared to its average volume of 1,899,058. The firm's 50-day simple moving average is $43.92 and its 200 day simple moving average is $53.29. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.90 and a beta of 0.93. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping the consensus estimate 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 Announces Dividend

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

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.