US Bancorp DE increased its position in FMC Corporation (NYSE:FMC) by 51.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,182 shares of the basic materials company’s stock after buying an additional 5,873 shares during the period. US Bancorp DE’s holdings in FMC Corporation were worth $1,254,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its position in FMC Corporation by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 312,918 shares of the basic materials company’s stock worth $17,698,000 after buying an additional 1,575 shares in the last quarter. Teachers Advisors LLC increased its position in FMC Corporation by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 151,775 shares of the basic materials company’s stock worth $8,584,000 after buying an additional 14,075 shares in the last quarter. Kentucky Retirement Systems bought a new position in FMC Corporation during the fourth quarter worth $549,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in FMC Corporation during the fourth quarter worth $245,000. Finally, Chevy Chase Trust Holdings Inc. increased its position in FMC Corporation by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 120,233 shares of the basic materials company’s stock worth $8,367,000 after buying an additional 3,413 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors.
FMC Corporation (NYSE FMC) opened at 82.63 on Friday. FMC Corporation has a one year low of $44.40 and a one year high of $85.17. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 245.19 and a beta of 1.62. The firm’s 50-day moving average is $78.74 and its 200 day moving average is $70.89.
FMC Corporation (NYSE:FMC) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The business had revenue of $656.80 million for the quarter, compared to analyst estimates of $614.01 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. FMC Corporation’s revenue was up 6.7% compared to the same quarter last year. Analysts forecast that FMC Corporation will post $2.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 28th. FMC Corporation’s dividend payout ratio (DPR) is presently 188.58%.
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A number of equities analysts have weighed in on FMC shares. BMO Capital Markets reaffirmed a “hold” rating and set a $75.00 price target on shares of FMC Corporation in a research note on Thursday, May 4th. TheStreet raised shares of FMC Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Credit Suisse Group set a $85.00 price objective on shares of FMC Corporation and gave the stock a “buy” rating in a research report on Thursday, May 4th. Jefferies Group LLC reissued a “buy” rating on shares of FMC Corporation in a research report on Friday, May 5th. Finally, Nomura reissued a “hold” rating and issued a $78.00 price objective on shares of FMC Corporation in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $83.40.
In other FMC Corporation news, insider Mark Douglas sold 12,697 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $75.82, for a total value of $962,686.54. Following the sale, the insider now owns 73,690 shares of the company’s stock, valued at approximately $5,587,175.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.
FMC Corporation Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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