Truist Financial Corp Has $244,000 Position in FMC Co. (NYSE:FMC)

Truist Financial Corp cut its holdings in FMC Co. (NYSE:FMC) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,020 shares of the basic materials company’s stock after selling 854 shares during the period. Truist Financial Corp’s holdings in FMC were worth $244,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in FMC. State of Alaska Department of Revenue grew its position in FMC by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,515 shares of the basic materials company’s stock worth $957,000 after purchasing an additional 980 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of FMC by 13.3% in the third quarter. Asset Management One Co. Ltd. now owns 2,809 shares of the basic materials company’s stock valued at $185,000 after buying an additional 330 shares during the period. Impax Asset Management Group plc acquired a new stake in FMC during the third quarter worth about $681,000. Greenwood Capital Associates LLC increased its stake in FMC by 5.6% during the third quarter. Greenwood Capital Associates LLC now owns 13,271 shares of the basic materials company’s stock valued at $875,000 after acquiring an additional 701 shares during the period. Finally, Financial Enhancement Group LLC bought a new position in FMC during the third quarter valued at about $3,940,000. Institutional investors own 91.86% of the company’s stock.

FMC Stock Performance

FMC stock opened at $39.48 on Thursday. The stock has a 50-day simple moving average of $45.98 and a 200 day simple moving average of $55.43. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72.

FMC (NYSE:FMC) last announced its 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, research analysts anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.58 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.88%. FMC’s payout ratio is 85.29%.

Insider Buying and Selling at FMC

In other FMC news, insider Ronaldo Pereira bought 5,600 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, with a total value of $200,312.00. Following the acquisition, the insider now owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the topic of several recent research reports. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Barclays decreased their target price on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Citigroup increased their price target on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets decreased their price objective on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.23.

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.