11,156 Shares in FMC Corporation (NYSE:FMC) Acquired by AIA Group Ltd

Key Points

• AIA Group Ltd has invested approximately $471,000 in FMC Corporation, acquiring 11,156 shares during the first quarter, according to their recent SEC filing.
• FMC Corporation has received a mix of ratings from analysts, with target prices ranging from $42.00 to $61.00, indicating varying sentiment about the stock's future performance.
• The company also announced a quarterly dividend of $0.58 per share, which will be paid on October 16th, reflecting a 6.6% dividend yield.

AIA Group Ltd acquired a new position in FMC Corporation (NYSE:FMC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,156 shares of the basic materials company's stock, valued at approximately $471,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC grew its holdings in shares of FMC by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock valued at $2,905,000 after acquiring an additional 286 shares in the last quarter. Algert Global LLC grew its holdings in shares of FMC by 0.5% in the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company's stock valued at $2,871,000 after acquiring an additional 300 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of FMC by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 54,754 shares of the basic materials company's stock valued at $2,662,000 after acquiring an additional 350 shares in the last quarter. Oak Thistle LLC grew its holdings in shares of FMC by 5.5% in the first quarter. Oak Thistle LLC now owns 7,653 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 398 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of FMC by 66.6% in the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 402 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Price Performance

NYSE:FMC traded up $0.12 during mid-day trading on Friday, reaching $37.42. The stock had a trading volume of 1,254,952 shares, compared to its average volume of 1,927,429. The stock has a market capitalization of $4.67 billion, a P/E ratio of 46.78, a P/E/G ratio of 1.15 and a beta of 0.75. FMC Corporation has a one year low of $32.83 and a one year high of $67.75. The firm has a 50 day moving average price of $41.35 and a two-hundred day moving average price of $40.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53.

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

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's payout ratio is currently 290.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FMC shares. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a report on Friday, April 25th. Royal Bank Of Canada reduced their price objective on FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group dropped their target price on FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. 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 research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, FMC currently has a consensus rating of "Hold" and a consensus target price of $49.58.

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.