20,395 Shares in FMC Corporation (NYSE:FMC) Acquired by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors purchased 20,395 shares of FMC Corporation, valued at approximately $860,000, during the first quarter.
• FMC Corporation recently declared a quarterly dividend of $0.58 per share, with an annualized yield of 6.1% and a payout ratio of 290%.
• Wall Street analysts have mixed ratings for FMC, with an average target price of $50.38, despite some firms adjusting their ratings and price targets recently.

Arkadios Wealth Advisors acquired a new stake in FMC Corporation (NYSE:FMC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,395 shares of the basic materials company's stock, valued at approximately $860,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of FMC by 7.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock worth $212,714,000 after acquiring an additional 321,241 shares during the last quarter. Invesco Ltd. boosted its position in FMC by 37.8% in the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after buying an additional 977,110 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of FMC by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock valued at $145,452,000 after buying an additional 54,017 shares during the period. Dimensional Fund Advisors LP raised its position in shares of FMC by 44.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after acquiring an additional 707,727 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of FMC by 3.9% during the fourth quarter. Northern Trust Corp now owns 1,926,284 shares of the basic materials company's stock valued at $93,637,000 after acquiring an additional 71,929 shares during the period. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Trading Up 0.3%

Shares of NYSE:FMC traded up $0.12 during mid-day trading on Tuesday, hitting $37.83. The company had a trading volume of 2,097,428 shares, compared to its average volume of 1,769,030. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. FMC Corporation has a one year low of $32.83 and a one year high of $67.75. The firm has a fifty day moving average price of $42.08 and a 200 day moving average price of $41.27. The company has a market capitalization of $4.73 billion, a PE ratio of 47.29, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. As a group, research analysts forecast that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio (DPR) is presently 290.00%.

Analyst Ratings Changes

A number of analysts have commented on FMC shares. KeyCorp lifted their target price on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Morgan Stanley lowered their target price on FMC from $46.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday. Barclays raised their price objective on shares of FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, FMC presently has an average rating of "Hold" and an average target price of $50.38.

About FMC

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.