Kingsview Wealth Management LLC increased its holdings in FMC Corporation (NYSE:FMC - Free Report) by 1,727.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 79,139 shares of the basic materials company's stock after acquiring an additional 74,808 shares during the period. Kingsview Wealth Management LLC owned approximately 0.06% of FMC worth $3,339,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of FMC. Norges Bank acquired a new stake in shares of FMC during the fourth quarter worth about $49,888,000. 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 worth $173,008,000 after purchasing an additional 977,110 shares in the last quarter. Dimensional Fund Advisors LP increased 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 purchasing an additional 707,727 shares in the last quarter. Principal Financial Group Inc. increased its position 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 worth $26,476,000 after purchasing an additional 480,691 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings 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 worth $23,529,000 after buying an additional 427,915 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.
FMC Trading Down 0.5%
Shares of FMC stock traded down $0.22 on Friday, hitting $42.02. 1,312,514 shares of the company's stock traded hands, compared to its average volume of 2,035,500. FMC Corporation has a one year low of $32.83 and a one year high of $68.55. 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 company has a fifty day moving average of $41.51 and a two-hundred day moving average of $42.09. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77.
FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million during the quarter, compared to analyst estimates of $783.70 million. FMC had a net margin of 7.97% and a return on equity of 9.12%. FMC's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. As a group, sell-side analysts expect that FMC Corporation will post 3.48 earnings per share for the current year.
FMC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.52%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio (DPR) is presently 88.55%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FMC. Royal Bank Of Canada lifted their price objective on FMC from $40.00 to $47.00 and gave the company a "sector perform" rating in a report on Thursday, July 10th. Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group lifted their price objective on FMC from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a report on Friday, April 25th. Finally, KeyCorp lifted their price target on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $51.15.
View Our Latest Report on FMC
FMC Company Profile
(
Free Report)
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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