Charles Schwab Investment Management Inc. Grows Stock Holdings in FMC Corporation (NYSE:FMC)

Key Points

• Charles Schwab Investment Management Inc. increased its position in FMC Corporation by 286.0% in the first quarter, acquiring 3,329,974 additional shares, bringing its total ownership to approximately 3.60% valued at $189,618,000.
• FMC Corporation reported $0.69 EPS for the last quarter, beating estimates and showcasing a 1.2% increase in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.58 per share, reflecting a 6.5% yield, with a payout ratio of 290.00% and the dividend to be paid on October 16th.

Charles Schwab Investment Management Inc. grew its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 286.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,494,377 shares of the basic materials company's stock after buying an additional 3,329,974 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.60% of FMC worth $189,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Invesco Ltd. increased its position in shares of FMC by 37.8% during the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after purchasing an additional 977,110 shares during the period. Dimensional Fund Advisors LP raised its position in shares of FMC by 44.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after acquiring an additional 707,727 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of FMC by 327.3% during the first quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company's stock valued at $26,476,000 after acquiring an additional 480,691 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of FMC by 762.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 484,040 shares of the basic materials company's stock valued at $23,529,000 after acquiring an additional 427,915 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of FMC by 39.2% during the fourth quarter. Deutsche Bank AG now owns 1,437,340 shares of the basic materials company's stock valued at $69,869,000 after acquiring an additional 404,876 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Price Performance

FMC stock remained flat at $35.13 during mid-day trading on Tuesday. 2,082,375 shares of the company's stock were exchanged, compared to its average volume of 1,886,159. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. The stock has a market cap of $4.39 billion, a P/E ratio of 43.91, a PEG ratio of 1.09 and a beta of 0.75. The business has a 50 day moving average of $41.65 and a 200 day moving average of $40.59. FMC Corporation has a twelve month low of $32.83 and a twelve month high of $67.75.

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, beating analysts' consensus estimates of $0.59 by $0.10. FMC had a net margin of 2.42% and a return on equity of 9.36%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $995.15 million. During the same period in the previous year, the company earned $0.63 earnings per share. The business's quarterly revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio (DPR) is presently 290.00%.

Wall Street Analyst Weigh In

FMC has been the topic of several analyst reports. Morgan Stanley cut their target price on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. KeyCorp raised their price objective on FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Royal Bank Of Canada cut their price objective on FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Finally, Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $50.38.

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.