Corebridge Financial Inc. Sells 24,689 Shares of FMC Corporation $FMC

Key Points

• Corebridge Financial Inc. significantly reduced its stake in FMC Corporation by 83.5%, selling 24,689 shares, leaving it with only 4,868 shares valued at $205,000.
• FMC Corporation reported earnings of $0.69 per share, surpassing analysts' estimates, and declared a quarterly dividend of $0.58 per share with a yield of 6.1%.
• FMC's stock is currently rated as a "Hold" by analysts, with an average target price of $49.58, while several firms have adjusted their price targets recently.

Corebridge Financial Inc. decreased its stake in FMC Corporation (NYSE:FMC - Free Report) by 83.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,868 shares of the basic materials company's stock after selling 24,689 shares during the period. Corebridge Financial Inc.'s holdings in FMC were worth $205,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Financial Harvest LLC bought a new stake in FMC in the first quarter worth about $29,000. Elequin Capital LP bought a new stake in FMC in the first quarter worth about $30,000. Golden State Wealth Management LLC raised its position in 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 worth $42,000 after acquiring an additional 402 shares during the period. Central Pacific Bank Trust Division bought a new stake in FMC in the first quarter worth about $55,000. Finally, AlphaQuest LLC bought a new stake in FMC in the first quarter worth about $74,000. Institutional investors own 91.86% of the company's stock.

FMC Stock Performance

FMC stock opened at $37.91 on Tuesday. The firm's 50 day simple moving average is $40.13 and its 200 day simple moving average is $39.94. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $4.73 billion, a PE ratio of 47.38, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76. FMC Corporation has a 1-year low of $32.83 and a 1-year high of $67.75.

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 for the quarter, topping analysts' consensus estimates of $0.59 by $0.10. The business 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%. FMC's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. As a group, analysts expect that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently declared 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. This represents a $2.32 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's payout ratio is currently 290.00%.

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $37.49, for a total value of $56,609.90. Following the completion of the transaction, the vice president owned 36,834 shares of the company's stock, valued at $1,380,906.66. The trade was a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FMC. Morgan Stanley lowered their price target on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. Royal Bank Of Canada lowered their price target on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Barclays lowered their price target on shares of FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Finally, KeyCorp boosted their price target on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $49.58.

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.

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