Oppenheimer Asset Management Inc. Buys 7,189 Shares of FMC Corporation (NYSE:FMC)

Oppenheimer Asset Management Inc. boosted its stake in FMC Corporation (NYSE:FMC - Free Report) by 32.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 29,451 shares of the basic materials company's stock after buying an additional 7,189 shares during the period. Oppenheimer Asset Management Inc.'s holdings in FMC were worth $1,243,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its position in shares of FMC by 25.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,872 shares of the basic materials company's stock valued at $543,000 after purchasing an additional 2,645 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in FMC during the 1st quarter worth approximately $1,488,000. State of Alaska Department of Revenue boosted its stake in FMC by 842.2% in the 1st quarter. State of Alaska Department of Revenue now owns 134,170 shares of the basic materials company's stock valued at $5,660,000 after purchasing an additional 119,930 shares during the period. CWA Asset Management Group LLC boosted its stake in FMC by 10.6% in the 1st quarter. CWA Asset Management Group LLC now owns 6,040 shares of the basic materials company's stock valued at $255,000 after purchasing an additional 578 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in FMC in the 1st quarter valued at $135,000. 91.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted 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. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a research report on Friday, April 25th. 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 note on Thursday, May 1st. Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $50.15.

FMC Price Performance

Shares of NYSE FMC traded down $0.14 during trading hours on Friday, hitting $42.99. 1,556,192 shares of the stock were exchanged, compared to its average volume of 2,027,742. The company's fifty day simple moving average is $40.26 and its two-hundred day simple moving average is $42.84. The company has a market cap of $5.37 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.54. FMC Corporation has a 1-year low of $32.83 and a 1-year high of $68.55.

FMC (NYSE:FMC - Get Free Report) last released its 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 return on equity of 9.12% and a net margin of 7.97%. The firm had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. During the same period in the prior year, the company 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 predict that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The firm also recently announced 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 5.40%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio is presently 88.55%.

FMC Company 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.