Cetera Investment Advisers Cuts Stock Holdings in FMC Co. (NYSE:FMC)

Cetera Investment Advisers reduced its stake in shares of FMC Co. (NYSE:FMC - Free Report) by 36.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,555 shares of the basic materials company's stock after selling 17,152 shares during the period. Cetera Investment Advisers' holdings in FMC were worth $1,485,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in FMC by 17.3% during the 3rd quarter. Barclays PLC now owns 310,378 shares of the basic materials company's stock valued at $20,465,000 after buying an additional 45,752 shares during the period. Park Avenue Securities LLC raised its stake in shares of FMC by 6.2% during the fourth quarter. Park Avenue Securities LLC now owns 5,024 shares of the basic materials company's stock valued at $244,000 after acquiring an additional 293 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of FMC during the fourth quarter valued at about $345,000. Hedges Asset Management LLC boosted its holdings in shares of FMC by 25.0% during the fourth quarter. Hedges Asset Management LLC now owns 20,000 shares of the basic materials company's stock worth $972,000 after purchasing an additional 4,000 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of FMC by 20.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,909 shares of the basic materials company's stock worth $93,000 after purchasing an additional 320 shares during the last quarter. 91.86% of the stock is owned by institutional investors.

FMC Stock Performance

Shares of NYSE:FMC traded up $0.87 during midday trading on Tuesday, hitting $39.09. The company had a trading volume of 1,577,471 shares, compared to its average volume of 2,057,176. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.55. The company has a fifty day moving average of $38.77 and a two-hundred day moving average of $45.36. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

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

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Monday, June 30th. FMC's payout ratio is 88.55%.

Insider Buying and Selling at FMC

In other FMC news, insider Ronaldo Pereira acquired 5,600 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the insider now directly 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 legal filing with the SEC, which is available through the SEC website. Also, Director Carol Anthony Davidson bought 6,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 6,000 shares of the company's stock, valued at $223,980. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FMC shares. BMO Capital Markets dropped their target price on shares of FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. KeyCorp raised their price objective on shares of FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley cut their price objective on FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Redburn Atlantic lowered FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price for the company. in a research report on Friday, February 14th. Finally, Citigroup raised their target price on FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, FMC has an average rating of "Hold" and a consensus target price of $49.46.

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.