Mutual of America Capital Management LLC Sells 336 Shares of FMC Co. (NYSE:FMC)

Mutual of America Capital Management LLC reduced its position in shares of FMC Co. (NYSE:FMC) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,585 shares of the basic materials company’s stock after selling 336 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of FMC worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FMC. Vanguard Group Inc. raised its position in FMC by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after purchasing an additional 768,432 shares during the last quarter. Wellington Management Group LLP raised its position in shares of FMC by 15.3% during the fourth quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock worth $791,137,000 after acquiring an additional 1,666,096 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of FMC by 35.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock worth $322,439,000 after acquiring an additional 1,316,133 shares during the period. Tweedy Browne Co LLC boosted its holdings in FMC by 105.1% in the fourth quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock valued at $186,745,000 after acquiring an additional 1,518,053 shares during the last quarter. Finally, Norges Bank acquired a new stake in FMC during the 4th quarter valued at approximately $83,227,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Trading Down 3.4 %

NYSE:FMC opened at $62.04 on Monday. FMC Co. has a one year low of $49.49 and a one year high of $71.01. The company has a market cap of $7.74 billion, a PE ratio of 6.92, a PEG ratio of 1.52 and a beta of 0.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07. The firm has a 50-day moving average of $61.83 and a 200-day moving average of $60.68.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.55 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. As a group, equities research analysts expect that FMC Co. will post 3.41 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 3.74%. FMC’s payout ratio is 25.89%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FMC shares. Wells Fargo & Company dropped their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. KeyCorp decreased their price target on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. Finally, BMO Capital Markets raised their target price on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FMC currently has an average rating of “Hold” and a consensus target price of $68.63.

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.