Synovus Financial Corp Has $1.14 Million Holdings in FMC Co. (NYSE:FMC)

Synovus Financial Corp cut its stake in shares of FMC Co. (NYSE:FMC - Free Report) by 52.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,531 shares of the basic materials company's stock after selling 26,361 shares during the quarter. Synovus Financial Corp's holdings in FMC were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of FMC. XTX Topco Ltd bought a new stake in shares of FMC in the 3rd quarter worth approximately $285,000. Barclays PLC raised its holdings in shares of FMC by 17.3% during the third quarter. Barclays PLC now owns 310,378 shares of the basic materials company's stock valued at $20,465,000 after purchasing an additional 45,752 shares during the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in FMC in the 3rd quarter worth approximately $205,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FMC in the 3rd quarter worth about $58,000. Finally, Inspire Trust Co. N.A. lifted its stake in shares of FMC by 18.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock worth $3,970,000 after acquiring an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Trading Up 1.4 %

Shares of FMC traded up $0.53 during trading hours on Friday, hitting $37.79. The stock had a trading volume of 1,140,476 shares, compared to its average volume of 2,036,716. The company's fifty day simple moving average is $38.98 and its 200 day simple moving average is $49.89. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.72. 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 firm has a market cap of $4.72 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.90 and a beta of 0.83.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS 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%. Equities research analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend was Monday, March 31st. FMC's dividend payout ratio is presently 85.29%.

Insider Buying and Selling

In other news, Director Carol Anthony Davidson purchased 6,000 shares of the stock in a transaction dated 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 transaction, the director now owns 6,000 shares in the company, valued at $223,980. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following 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 owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Citigroup raised their target price 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. KeyCorp decreased their price target on shares of FMC from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company restated a "cautious" rating on shares of FMC in a research note on Thursday, March 6th. BMO Capital Markets reduced their price objective on FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Vertical Research upgraded shares of FMC to a "hold" rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $50.31.

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.