Blair William & Co. IL Makes New Investment in FMC Corporation (NYSE:FMC)

Key Points

• Blair William & Co. IL invested approximately $408,000 in FMC Corporation, acquiring 9,668 shares during the first quarter.
• FMC announced a quarterly dividend of $0.58 per share, with an annualized payout of $2.32 and a dividend yield of 6.6%.
• The stock has a current price of $35.13, reflecting a decline of 1.9%, and has a market capitalization of $4.39 billion.

Blair William & Co. IL purchased a new position in shares of FMC Corporation (NYSE:FMC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,668 shares of the basic materials company's stock, valued at approximately $408,000.

A number of other large investors also recently modified their holdings of the business. Financial Harvest LLC acquired a new position in FMC during the first quarter worth $29,000. Golden State Wealth Management LLC raised its stake in FMC by 66.6% during the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after acquiring an additional 402 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in FMC during the first quarter worth $55,000. Canada Post Corp Registered Pension Plan acquired a new position in FMC during the fourth quarter worth $62,000. Finally, UMB Bank n.a. raised its stake in FMC by 378.5% during the first quarter. UMB Bank n.a. now owns 1,914 shares of the basic materials company's stock worth $81,000 after acquiring an additional 1,514 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

FMC traded up $0.12 during trading hours on Friday, hitting $37.42. The stock had a trading volume of 1,254,952 shares, compared to its average volume of 1,927,429. The company's fifty day simple moving average is $41.35 and its 200 day simple moving average is $40.31. FMC Corporation has a 1 year low of $32.83 and a 1 year high of $67.75. The stock has a market cap of $4.67 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74.

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, 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 during the quarter, compared to analyst estimates of $995.15 million. During the same quarter last year, the firm posted $0.63 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays dropped their price objective on FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Wednesday. UBS Group decreased their target price on FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Friday, April 25th. KeyCorp raised their price target on FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, FMC has an average 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.