FMC Co. (NYSE:FMC) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 44.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,429 shares of the basic materials company's stock after selling 10,008 shares during the period. Commonwealth Equity Services LLC's holdings in FMC were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FMC. Golden State Wealth Management LLC purchased a new position in FMC during the 4th quarter worth $29,000. Millburn Ridgefield Corp raised its stake in shares of FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company's stock worth $33,000 after buying an additional 324 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after buying an additional 511 shares in the last quarter. IFP Advisors Inc grew its holdings in FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after acquiring an additional 379 shares during the period. Finally, Principal Securities Inc. lifted its holdings in FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 255 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

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FMC Stock Down 9.3 %

Shares of FMC stock traded down $3.62 during trading hours on Friday, reaching $35.33. The company had a trading volume of 3,675,060 shares, compared to its average volume of 2,009,638. The company has a market capitalization of $4.41 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The stock's fifty day simple moving average is $41.54 and its 200 day simple moving average is $52.03. 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 Co. has a twelve month low of $33.80 and a twelve month high of $68.72.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, sell-side analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 6.57%. The ex-dividend date is Monday, March 31st. FMC's dividend payout ratio is currently 85.29%.

Analysts Set New Price Targets

Several analysts recently commented on FMC shares. Vertical Research upgraded shares of FMC to a "hold" rating in a research note on Wednesday, February 5th. Mizuho decreased their price objective on shares of FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. UBS Group lowered shares of 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 research report on Friday, February 7th. Redburn Atlantic lowered FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price on the stock. in a research note on Friday, February 14th. Finally, Bank of America reissued an "underperform" rating and issued a $48.00 price target (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, FMC has an average rating of "Hold" and a consensus price target of $51.15.

Insiders Place Their Bets

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

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.