Fragasso Financial Advisors Inc Sells 54,330 Shares of FMC Co. (NYSE:FMC)

Fragasso Financial Advisors Inc decreased its stake in FMC Co. (NYSE:FMC - Free Report) by 91.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,909 shares of the basic materials company's stock after selling 54,330 shares during the quarter. Fragasso Financial Advisors Inc's holdings in FMC were worth $207,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FMC. Blue Trust Inc. grew its holdings in shares of FMC by 9.9% in the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company's stock worth $127,000 after purchasing an additional 236 shares during the last quarter. Caprock Group LLC acquired a new position in FMC in the fourth quarter valued at about $208,000. McAdam LLC grew its stake in FMC by 28.3% during the fourth quarter. McAdam LLC now owns 5,291 shares of the basic materials company's stock worth $257,000 after buying an additional 1,167 shares during the last quarter. abrdn plc grew its stake in FMC by 98.4% during the fourth quarter. abrdn plc now owns 18,760 shares of the basic materials company's stock worth $902,000 after buying an additional 9,303 shares during the last quarter. Finally, Greenwood Capital Associates LLC increased its holdings in shares of FMC by 76.9% during the fourth quarter. Greenwood Capital Associates LLC now owns 23,476 shares of the basic materials company's stock worth $1,141,000 after buying an additional 10,205 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

FMC Trading Up 2.1%

NYSE:FMC traded up $0.90 on Friday, hitting $42.80. 2,590,782 shares of the stock were exchanged, compared to its average volume of 2,032,860. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.90 and a beta of 0.76. FMC Co. has a 52 week low of $32.83 and a 52 week high of $68.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The company's 50-day moving average price is $38.59 and its 200 day moving average price is $44.60.

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 the consensus estimate of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The company had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. During the same quarter in the previous year, the company earned $0.36 EPS. FMC's revenue was down 13.8% on a year-over-year basis. On average, equities research analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Monday, June 30th. FMC's dividend payout ratio (DPR) is presently 88.55%.

Analyst Ratings Changes

FMC has been the topic of several recent analyst reports. KeyCorp boosted their target price on FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Barclays cut their price objective on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Mizuho upgraded 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. UBS Group raised their target price on FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen cut FMC from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.