Nisa Investment Advisors LLC Sells 10,987 Shares of FMC Corporation (NYSE:FMC)

Nisa Investment Advisors LLC lessened its position in FMC Corporation (NYSE:FMC - Free Report) by 16.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,553 shares of the basic materials company's stock after selling 10,987 shares during the quarter. Nisa Investment Advisors LLC's holdings in FMC were worth $2,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of FMC by 80.2% during the first quarter. M&T Bank Corp now owns 33,202 shares of the basic materials company's stock valued at $1,401,000 after purchasing an additional 14,778 shares in the last quarter. Brookstone Capital Management grew its stake in shares of FMC by 74.5% in the 1st quarter. Brookstone Capital Management now owns 287,798 shares of the basic materials company's stock worth $12,142,000 after buying an additional 122,911 shares during the last quarter. Aviance Capital Partners LLC bought a new position in FMC during the 1st quarter valued at approximately $858,000. D.A. Davidson & CO. raised its stake in FMC by 143.5% during the first quarter. D.A. Davidson & CO. now owns 34,878 shares of the basic materials company's stock valued at $1,472,000 after buying an additional 20,554 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in 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 buying an additional 480,691 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Stock Performance

Shares of NYSE:FMC traded down $0.33 during trading on Monday, hitting $42.06. The company's stock had a trading volume of 1,265,322 shares, compared to its average volume of 2,699,516. 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 cap of $5.25 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.28 and a beta of 0.77. The company has a 50-day moving average of $40.91 and a 200-day moving average of $42.27. FMC Corporation has a 12 month low of $32.83 and a 12 month high of $68.55.

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

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Monday, June 30th. FMC's payout ratio is 88.55%.

Analyst Ratings Changes

Several brokerages have recently weighed in on FMC. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Barclays increased their price objective on shares of FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Friday, April 25th. UBS Group upped their target price on shares of FMC from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $41.00 to $50.00 in a report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $51.15.

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.