FMC Co. (NYSE:FMC) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in shares of FMC Co. (NYSE:FMC) by 13.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,645 shares of the basic materials company’s stock after selling 3,474 shares during the quarter. Commonwealth Equity Services LLC’s holdings in FMC were worth $1,303,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of FMC in the 1st quarter valued at $27,000. Benjamin F. Edwards & Company Inc. increased its stake in FMC by 114.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after buying an additional 303 shares during the period. LRI Investments LLC purchased a new stake in FMC during the 1st quarter worth $39,000. UMB Bank n.a. grew its holdings in FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in FMC by 827.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 612 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Up 2.4 %

FMC stock opened at $63.51 on Monday. FMC Co. has a 52 week low of $49.49 and a 52 week high of $76.82. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.85. The firm’s 50-day moving average is $61.09 and its two-hundred day moving average is $60.52. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

FMC (NYSE:FMC) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. FMC had a net margin of 33.97% and a return on equity of 7.52%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts forecast that FMC Co. will post 3.41 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.58 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.65%. FMC’s payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FMC. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays lifted their price target on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. BMO Capital Markets lifted their price target on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Finally, KeyCorp reduced their target price on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.63.

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.