Nuveen Asset Management LLC Sells 84,316 Shares of FMC Co. (NYSE:FMC)

Nuveen Asset Management LLC decreased its stake in shares of FMC Co. (NYSE:FMC - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 438,371 shares of the basic materials company's stock after selling 84,316 shares during the period. Nuveen Asset Management LLC owned about 0.35% of FMC worth $21,309,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of FMC by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company's stock valued at $56,602,000 after buying an additional 28,059 shares during the last quarter. Raymond James Financial Inc. bought a new position in FMC in the 4th quarter valued at $5,573,000. Caprock Group LLC bought a new position in FMC in the 4th quarter valued at $208,000. Asset Management One Co. Ltd. grew its stake in FMC by 21.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 3,416 shares of the basic materials company's stock valued at $167,000 after purchasing an additional 607 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in FMC by 53.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,363 shares of the basic materials company's stock valued at $704,000 after purchasing an additional 5,025 shares during the period. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Price Performance

Shares of NYSE:FMC traded up $0.16 on Thursday, hitting $39.62. The company's stock had a trading volume of 244,293 shares, compared to its average volume of 2,918,971. The company has a 50-day simple moving average of $38.73 and a 200 day simple moving average of $45.32. FMC Co. has a 1 year low of $32.83 and a 1 year high of $68.55. The company has a market capitalization of $4.95 billion, a PE ratio of 14.57, a PEG ratio of 1.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

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, beating the consensus estimate of $0.08 by $0.10. FMC had a return on equity of 9.67% and a net margin of 8.03%. The firm had revenue of $791.40 million for the quarter, compared to analysts' expectations of $783.70 million. During the same quarter last year, the firm posted $0.36 EPS. The company's revenue was down 13.8% compared to the same quarter last year. Sell-side analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.86%. FMC's dividend payout ratio is 88.55%.

Insider Activity at FMC

In related news, insider Ronaldo Pereira purchased 5,600 shares of FMC stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the transaction, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carol Anthony Davidson purchased 6,000 shares of FMC stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $223,980. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on FMC. Barclays lowered their price objective on shares of FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. UBS Group lifted their price objective on shares of FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Redburn Atlantic cut FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. The Goldman Sachs Group initiated coverage on FMC in a research report on Thursday, March 13th. They set a "buy" rating and a $51.00 price target on the stock. Finally, KeyCorp upped their price target on FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, FMC presently has a consensus rating of "Hold" and an average target price of $49.46.

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.