Citigroup Inc. Sells 188,078 Shares of FMC Co. (NYSE:FMC)

Citigroup Inc. lowered its holdings in FMC Co. (NYSE:FMC - Free Report) by 31.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 409,541 shares of the basic materials company's stock after selling 188,078 shares during the period. Citigroup Inc. owned about 0.33% of FMC worth $27,005,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FMC. California State Teachers Retirement System raised its stake in shares of FMC by 11.0% in the first quarter. California State Teachers Retirement System now owns 322,693 shares of the basic materials company's stock valued at $20,556,000 after buying an additional 31,858 shares during the period. Tidal Investments LLC raised its stake in shares of FMC by 71.8% in the first quarter. Tidal Investments LLC now owns 36,512 shares of the basic materials company's stock valued at $2,321,000 after buying an additional 15,262 shares during the period. Comerica Bank raised its stake in shares of FMC by 23.0% in the first quarter. Comerica Bank now owns 45,814 shares of the basic materials company's stock valued at $2,918,000 after buying an additional 8,562 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in shares of FMC in the first quarter valued at $238,000. Finally, WealthPlan Investment Management LLC raised its stake in shares of FMC by 99.3% in the first quarter. WealthPlan Investment Management LLC now owns 21,119 shares of the basic materials company's stock valued at $1,345,000 after buying an additional 10,523 shares during the period. 91.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on FMC shares. Mizuho boosted their target price on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. BMO Capital Markets boosted their price objective on FMC from $60.00 to $65.00 and gave the company a "market perform" rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price objective on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Barclays boosted their price objective on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $68.00.

FMC Price Performance

Shares of FMC traded down $0.65 during midday trading on Tuesday, reaching $59.97. The stock had a trading volume of 1,588,784 shares, compared to its average volume of 1,668,012. The company's 50-day moving average is $61.69 and its 200 day moving average is $60.74. FMC Co. has a 12-month low of $50.03 and a 12-month high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 5.16, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. On average, equities analysts predict that FMC Co. will post 3.35 EPS for the current fiscal year.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction 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 represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

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.