FMC Corporation (NYSE:FMC) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 62.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,120 shares of the basic materials company's stock after selling 69,528 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in FMC were worth $1,735,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Financial Harvest LLC purchased a new stake in FMC during the 1st quarter worth approximately $29,000. Resona Asset Management Co. Ltd. purchased a new position in shares of FMC during the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC grew its position in shares of 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 buying an additional 402 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in shares of FMC in the fourth quarter worth $62,000. Finally, Central Pacific Bank Trust Division acquired a new stake in FMC in the first quarter valued at $55,000. 91.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. KeyCorp raised their price objective on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Barclays lifted their price target on FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Royal Bank Of Canada upped their price objective on FMC from $40.00 to $47.00 and gave the company a "sector perform" rating in a research note on Thursday, July 10th. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Finally, Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, FMC currently has an average rating of "Hold" and an average price target of $51.08.

FMC Price Performance

Shares of NYSE FMC opened at $39.07 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.54 and a quick ratio of 1.12. The firm has a market capitalization of $4.88 billion, a PE ratio of 48.84, a P/E/G ratio of 1.33 and a beta of 0.77. FMC Corporation has a 1-year low of $32.83 and a 1-year high of $68.55. The business's fifty day moving average price is $42.10 and its two-hundred day moving average price is $41.66.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.32%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. On average, research analysts expect that FMC Corporation will post 3.48 EPS for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.58 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 5.9%. FMC's payout ratio is currently 290.00%.

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.

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