State of Alaska Department of Revenue Sells 275 Shares of FMC Co. (NYSE:FMC)

State of Alaska Department of Revenue lessened its holdings in shares of FMC Co. (NYSE:FMC) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,240 shares of the basic materials company’s stock after selling 275 shares during the period. State of Alaska Department of Revenue’s holdings in FMC were worth $692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its holdings in FMC by 27.3% during the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after acquiring an additional 1,343,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FMC by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock worth $74,931,000 after purchasing an additional 20,350 shares in the last quarter. New South Capital Management Inc. grew its stake in shares of FMC by 1.5% during the third quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock valued at $43,915,000 after purchasing an additional 9,834 shares during the last quarter. Ilex Capital Partners UK LLP increased its holdings in shares of FMC by 2,129.4% in the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock valued at $29,037,000 after purchasing an additional 420,601 shares in the last quarter. Finally, S&CO Inc. raised its position in FMC by 3.6% in the 3rd quarter. S&CO Inc. now owns 350,863 shares of the basic materials company’s stock worth $23,135,000 after purchasing an additional 12,193 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

Shares of FMC stock opened at $36.65 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.64. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. The company’s 50 day moving average price is $49.79 and its two-hundred day moving average price is $57.60. The company has a market capitalization of $4.57 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. On average, analysts expect that FMC Co. will post 3.53 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 6.33%. FMC’s dividend payout ratio is currently 85.29%.

Insider Buying and Selling

In other news, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.85% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FMC shares. Mizuho lowered their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley lowered their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Redburn Atlantic downgraded shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research report on Friday. Vertical Research upgraded shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. Finally, StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, FMC currently has a consensus rating of “Hold” and an average target price of $53.62.

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.