Kornitzer Capital Management Inc. KS Sells 7,903 Shares of FMC Co. (NYSE:FMC)

Kornitzer Capital Management Inc. KS reduced its position in FMC Co. (NYSE:FMC - Free Report) by 37.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,430 shares of the basic materials company's stock after selling 7,903 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in FMC were worth $653,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in shares of FMC by 3.6% during the fourth quarter. D.A. Davidson & CO. now owns 14,324 shares of the basic materials company's stock valued at $696,000 after buying an additional 497 shares during the period. CIBC Asset Management Inc boosted its holdings in FMC by 2.3% in the fourth quarter. CIBC Asset Management Inc now owns 17,826 shares of the basic materials company's stock valued at $867,000 after acquiring an additional 393 shares in the last quarter. Principal Securities Inc. increased its position in FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 255 shares during the period. WealthPlan Investment Management LLC raised its holdings in FMC by 10.2% in the 4th quarter. WealthPlan Investment Management LLC now owns 37,946 shares of the basic materials company's stock worth $1,845,000 after purchasing an additional 3,504 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its position in shares of FMC by 35.3% in the 4th quarter. WASHINGTON TRUST Co now owns 1,883 shares of the basic materials company's stock worth $92,000 after purchasing an additional 491 shares during the period. Institutional investors own 91.86% of the company's stock.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.85% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho decreased their price target on shares of FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Bank of America restated an "underperform" rating and issued a $48.00 target price (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Morgan Stanley reduced their price target on FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Vertical Research upgraded FMC to a "hold" rating in a report on Wednesday, February 5th. Finally, Barclays dropped their target price on shares of FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, FMC presently has an average rating of "Hold" and an average price target of $52.23.

FMC Price Performance

Shares of FMC stock traded down $0.22 during trading hours on Friday, reaching $37.98. The company's stock had a trading volume of 1,210,332 shares, compared to its average volume of 2,978,080. The firm has a 50 day moving average price of $48.27 and a 200-day moving average price of $56.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The stock has a market cap of $4.74 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.87 and a beta of 0.84. FMC Co. has a one year low of $33.80 and a one year high of $68.72.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.67% and a net margin of 8.03%. On average, analysts predict that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.11%. The ex-dividend date was Tuesday, December 31st. FMC's payout ratio is 85.29%.

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.