FMC Corporation (NYSE:FMC) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 75.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,515 shares of the basic materials company's stock after selling 16,827 shares during the quarter. KBC Group NV's holdings in FMC were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after buying an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in FMC in the fourth quarter worth $37,000. Golden State Wealth Management LLC lifted 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 buying an additional 402 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in FMC in the first quarter worth $55,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in FMC in the fourth quarter worth $62,000. 91.86% of the stock is currently owned by institutional investors.

FMC Stock Up 1.4%

Shares of FMC stock traded up $0.60 during trading on Tuesday, hitting $43.79. 353,198 shares of the stock traded hands, compared to its average volume of 2,019,146. The firm has a market cap of $5.47 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. The company has a current ratio of 1.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. FMC Corporation has a 52-week low of $32.83 and a 52-week high of $68.55. The stock's fifty day simple moving average is $40.67 and its 200 day simple moving average is $42.46.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. FMC had a return on equity of 9.12% and a net margin of 7.97%. The company had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm's revenue for the quarter was down 13.8% compared to the same quarter last year. On average, equities analysts predict that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.30%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio is presently 88.55%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on FMC in a research report on Thursday, March 13th. They issued a "buy" rating and a $51.00 price target for the company. UBS Group raised their price target on FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Barclays raised their price target on FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Monday. KeyCorp raised their price target on FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $41.00 to $50.00 in a research note on Monday, June 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $50.23.

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.