Vanguard Group Inc. Sells 616,233 Shares of FMC Corporation (NYSE:FMC)

Vanguard Group Inc. trimmed its position in FMC Corporation (NYSE:FMC - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,675,645 shares of the basic materials company's stock after selling 616,233 shares during the quarter. Vanguard Group Inc. owned approximately 11.75% of FMC worth $619,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMC. Price T Rowe Associates Inc. MD boosted its holdings in FMC by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock worth $212,714,000 after buying an additional 321,241 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 buying an additional 707,727 shares during the last quarter. Northern Trust Corp boosted its holdings in FMC by 3.9% during the fourth quarter. Northern Trust Corp now owns 1,926,284 shares of the basic materials company's stock worth $93,637,000 after buying an additional 71,929 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in FMC by 1.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,495,609 shares of the basic materials company's stock worth $72,712,000 after buying an additional 18,777 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in FMC by 39.2% during the fourth quarter. Deutsche Bank AG now owns 1,437,340 shares of the basic materials company's stock worth $69,869,000 after buying an additional 404,876 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley reduced their target price on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. UBS Group reduced their target price on FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. KeyCorp lifted their price objective on FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $41.00 to $50.00 in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, FMC presently has a consensus rating of "Hold" and a consensus price target of $49.58.

FMC Stock Up 0.3%

NYSE FMC traded up $0.12 during trading on Friday, hitting $37.42. The stock had a trading volume of 1,254,952 shares, compared to its average volume of 1,927,429. The company has a market capitalization of $4.67 billion, a PE ratio of 46.78, a P/E/G ratio of 1.15 and a beta of 0.75. The company's 50-day moving average price is $41.35 and its two-hundred day moving average price is $40.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. FMC Corporation has a 12 month low of $32.83 and a 12 month high of $67.75.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, sell-side analysts forecast that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a $0.58 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 6.2%. FMC's payout ratio is presently 290.00%.

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.