FMC Co. (NYSE:FMC) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its holdings in FMC Co. (NYSE:FMC) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,331 shares of the basic materials company’s stock after selling 2,051 shares during the period. Kingsview Wealth Management LLC’s holdings in FMC were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FMC. State Street Corp lifted its stake in FMC by 27.3% during the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after purchasing an additional 1,343,615 shares during the last quarter. Ilex Capital Partners UK LLP raised its holdings in FMC by 2,129.4% during the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after purchasing an additional 420,601 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of FMC by 2,531.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company’s stock worth $16,695,000 after buying an additional 243,557 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of FMC by 139.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 187,028 shares of the basic materials company’s stock valued at $12,333,000 after buying an additional 108,978 shares in the last quarter. Finally, ING Groep NV purchased a new position in shares of FMC in the 3rd quarter valued at $6,904,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Vertical Research raised shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. KeyCorp reduced their target price on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Redburn Atlantic cut FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Friday. Morgan Stanley reduced their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America restated an “underperform” rating and set a $48.00 target price (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. One 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, the company has an average rating of “Hold” and an average target price of $53.62.

FMC Stock Down 0.2 %

FMC stock opened at $36.65 on Friday. The stock’s 50 day moving average price is $49.79 and its 200 day moving average price is $57.59. The company has a market cap of $4.57 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.09. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share 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, sell-side analysts predict that FMC Co. will post 3.53 EPS for the current fiscal year.

FMC Dividend Announcement

The business also recently declared 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 was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.33%. FMC’s payout ratio is 85.29%.

Insider Transactions at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction dated 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. This represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.

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.