Captrust Financial Advisors Cuts Holdings in FMC Co. (NYSE:FMC)

Captrust Financial Advisors lessened its position in shares of FMC Co. (NYSE:FMC - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,809 shares of the basic materials company's stock after selling 14,974 shares during the period. Captrust Financial Advisors' holdings in FMC were worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in FMC by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company's stock valued at $56,602,000 after purchasing an additional 28,059 shares during the last quarter. Brookstone Capital Management lifted its stake in FMC by 9.4% in the 4th quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company's stock valued at $8,015,000 after purchasing an additional 14,197 shares during the last quarter. Raymond James Financial Inc. bought a new position in FMC in the 4th quarter valued at approximately $5,573,000. Caprock Group LLC bought a new position in FMC in the 4th quarter valued at approximately $208,000. Finally, Asset Management One Co. Ltd. lifted its stake in FMC by 21.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 3,416 shares of the basic materials company's stock valued at $167,000 after purchasing an additional 607 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on FMC shares. Morgan Stanley dropped their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Citigroup increased their price objective on shares of FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on shares of FMC in a research report on Thursday, March 13th. They issued a "buy" rating and a $51.00 price target for the company. StockNews.com cut shares of FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $49.46.

Insider Buying and Selling

In other FMC news, insider Ronaldo Pereira acquired 5,600 shares of FMC stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares of the company's stock, valued at $1,746,899.49. This represents a 12.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carol Anthony Davidson acquired 6,000 shares of FMC stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $223,980. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

FMC Trading Up 2.1%

Shares of FMC traded up $0.81 during trading hours on Friday, hitting $40.03. 2,098,084 shares of the stock were exchanged, compared to its average volume of 2,054,588. FMC Co. has a fifty-two week low of $32.83 and a fifty-two week high of $68.55. 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 business has a 50-day moving average of $39.16 and a 200-day moving average of $46.63. The firm has a market capitalization of $5.00 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. FMC's revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, research analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.80%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio is presently 88.55%.

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.