Sanctuary Advisors LLC Trims Stock Holdings in FMC Co. (NYSE:FMC)

Sanctuary Advisors LLC lowered its position in shares of FMC Co. (NYSE:FMC) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,161 shares of the basic materials company’s stock after selling 2,462 shares during the quarter. Sanctuary Advisors LLC’s holdings in FMC were worth $591,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FMC. Millburn Ridgefield Corp lifted its position in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of FMC during the fourth quarter valued at $29,000. Peterson Financial Group Inc. purchased a new stake in shares of FMC during the third quarter valued at $51,000. Finally, Brooklyn Investment Group bought a new stake in FMC in the 3rd quarter worth about $52,000. Institutional investors own 91.86% of the company’s stock.

FMC Trading Down 2.2 %

Shares of FMC stock opened at $36.87 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The stock’s 50 day simple moving average is $46.73 and its 200-day simple moving average is $55.95. The stock has a market cap of $4.60 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.90 and a beta of 0.84. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 6.29%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Analyst Ratings Changes

A number of brokerages have weighed in on FMC. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Citigroup upped their price objective on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $78.00 to $47.00 in a research report on Wednesday, February 5th. Finally, Vertical Research raised shares of FMC to a “hold” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, FMC currently has a consensus rating of “Hold” and a consensus price target of $52.23.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This trade represents 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 this hyperlink. 0.85% of the stock is currently owned by insiders.

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.