AE Wealth Management LLC Buys 206,169 Shares of FMC Co. (NYSE:FMC)

AE Wealth Management LLC lifted its stake in shares of FMC Co. (NYSE:FMC) by 709.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 235,232 shares of the basic materials company’s stock after acquiring an additional 206,169 shares during the period. AE Wealth Management LLC owned approximately 0.19% of FMC worth $13,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in FMC by 5.3% during the first 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 lifted its position in FMC by 15.3% in the 4th quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock worth $791,137,000 after buying an additional 1,666,096 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 buying an additional 1,316,133 shares in the last quarter. Tweedy Browne Co LLC grew its position in FMC by 105.1% during 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 purchased a new position in shares of FMC during the fourth quarter worth approximately $83,227,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FMC. BMO Capital Markets upped their price objective on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company reduced their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. One investment 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.63.

FMC Trading Down 3.4 %

NYSE:FMC opened at $62.04 on Friday. FMC Co. has a 12 month low of $49.49 and a 12 month high of $71.01. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $61.73 and a 200-day moving average price of $60.66. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 1.52 and a beta of 0.85.

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

FMC Dividend Announcement

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

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.