Natixis Advisors LLC Sells 43,541 Shares of FMC Corporation (NYSE:FMC)

Key Points

• Natixis Advisors LLC reduced its stake in FMC Corporation by 59.9%, holding 29,111 shares valued at approximately $1.23 million following the sale of 43,541 shares.
• Analysts have mixed outlooks on FMC, with recent reports including upgrades and target price changes, resulting in a consensus rating of "Hold" with a target price of $50.38.
• The company announced a quarterly dividend of $0.58, representing a 6.5% yield, with a high payout ratio of 290% scheduled for distribution on October 16th.

Natixis Advisors LLC cut its position in FMC Corporation (NYSE:FMC - Free Report) by 59.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,111 shares of the basic materials company's stock after selling 43,541 shares during the period. Natixis Advisors LLC's holdings in FMC were worth $1,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FMC. Janus Henderson Group PLC boosted its holdings in FMC by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock worth $2,905,000 after purchasing an additional 286 shares during the last quarter. Algert Global LLC boosted its holdings in FMC by 0.5% during the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company's stock worth $2,871,000 after purchasing an additional 300 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in FMC by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 54,754 shares of the basic materials company's stock worth $2,662,000 after purchasing an additional 350 shares during the last quarter. Oak Thistle LLC lifted its stake in 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 during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake 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 valued at $42,000 after acquiring an additional 402 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group cut their target price on shares of FMC from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Royal Bank Of Canada decreased their target price on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Mizuho raised shares of 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 shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Finally, Morgan Stanley reduced 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 note on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, FMC presently has a consensus rating of "Hold" and an average target price of $49.58.

FMC Stock Down 1.3%

Shares of FMC stock traded down $0.47 during trading on Thursday, reaching $37.07. 606,949 shares of the company traded hands, compared to its average volume of 2,573,002. 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 1-year low of $32.83 and a 1-year high of $67.75. The company has a 50 day moving average price of $41.55 and a 200-day moving average price of $40.57. The firm has a market capitalization of $4.63 billion, a PE ratio of 46.36, a P/E/G ratio of 1.09 and a beta of 0.75.

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

FMC Announces Dividend

The firm 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 dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Tuesday, September 30th. FMC's payout ratio is 290.00%.

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.