Mutual of America Capital Management LLC trimmed its holdings in shares of FMC Co. (NYSE:FMC – Get Rating) by 14.2% in the first quarter, Holdings Channel reports. The institutional investor owned 28,007 shares of the basic materials company’s stock after selling 4,630 shares during the period. Mutual of America Capital Management LLC’s holdings in FMC were worth $3,685,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of FMC by 2.0% in the 4th quarter. State Street Corp now owns 5,947,253 shares of the basic materials company’s stock valued at $656,634,000 after purchasing an additional 114,410 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of FMC by 1.0% in the 4th quarter. King Luther Capital Management Corp now owns 3,037,810 shares of the basic materials company’s stock valued at $333,825,000 after purchasing an additional 28,998 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of FMC by 37.1% in the 4th quarter. American Century Companies Inc. now owns 2,890,516 shares of the basic materials company’s stock valued at $317,638,000 after purchasing an additional 781,663 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FMC by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 2,616,708 shares of the basic materials company’s stock valued at $286,878,000 after purchasing an additional 382,597 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of FMC in the 4th quarter valued at about $265,158,000. Institutional investors and hedge funds own 88.44% of the company’s stock.
FMC Price Performance
FMC stock opened at $107.79 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.38 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86. The stock’s fifty day simple moving average is $111.16 and its 200-day simple moving average is $118.38. FMC Co. has a 52-week low of $87.27 and a 52-week high of $140.99.
FMC (NYSE:FMC – Get Rating) last issued its earnings results on Monday, May 2nd. The basic materials company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.19. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. FMC had a return on equity of 30.30% and a net margin of 14.64%. During the same period last year, the company posted $1.53 EPS. Equities research analysts expect that FMC Co. will post 7.62 EPS for the current year.
FMC Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, September 29th. FMC’s dividend payout ratio (DPR) is currently 35.69%.
Insider Buying and Selling
In related news, insider Nicholas Pfeiffer sold 1,000 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $119.78, for a total value of $119,780.00. Following the transaction, the insider now directly owns 11,722 shares of the company’s stock, valued at approximately $1,404,061.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. StockNews.com raised FMC from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. Bank of America raised FMC from an “underperform” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Tuesday, June 21st. They noted that the move was a valuation call. Redburn Partners downgraded FMC from a “buy” rating to a “neutral” rating in a research note on Monday, June 13th. Loop Capital downgraded FMC from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Thursday, April 14th. Finally, UBS Group cut their target price on FMC from $149.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.
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 include 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.
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