Bank of America Corp DE Lowers Stock Holdings in FMC Co. (NYSE:FMC)

Bank of America Corp DE decreased its position in shares of FMC Co. (NYSE:FMC - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 714,399 shares of the basic materials company's stock after selling 146,757 shares during the quarter. Bank of America Corp DE owned approximately 0.57% of FMC worth $34,727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FMC. Norges Bank bought a new position in shares of FMC during the 4th quarter valued at about $49,888,000. Invesco Ltd. lifted its stake in shares of FMC by 37.8% in the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after purchasing an additional 977,110 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FMC by 44.8% in the 4th 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 during the period. Bank of New York Mellon Corp raised its holdings in FMC by 48.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company's stock valued at $101,509,000 after buying an additional 685,995 shares during the period. Finally, Snyder Capital Management L P raised its holdings in FMC by 44.6% during the 4th quarter. Snyder Capital Management L P now owns 1,304,856 shares of the basic materials company's stock valued at $63,429,000 after buying an additional 402,291 shares during the period. Institutional investors own 91.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FMC shares. StockNews.com cut shares of FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Royal Bank of Canada cut FMC from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Morgan Stanley lowered their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Vertical Research raised shares of FMC to a "hold" rating in a report on Wednesday, February 5th. Finally, KeyCorp raised their price objective on FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $49.46.

FMC Stock Down 0.0%

NYSE:FMC traded down $0.02 during mid-day trading on Monday, hitting $40.00. The stock had a trading volume of 1,397,107 shares, compared to its average volume of 2,055,052. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.55. The stock has a 50-day simple moving average of $39.16 and a two-hundred day simple moving average of $46.36. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $5.00 billion, a PE ratio of 14.71, a PEG ratio of 1.90 and a beta of 0.80.

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 (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. During the same period in the previous year, the company earned $0.36 EPS. The company's revenue for the quarter was down 13.8% on a year-over-year basis. On average, equities research analysts anticipate that FMC Co. 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. Investors of record on Monday, June 30th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Monday, June 30th. FMC's payout ratio is 88.55%.

Insider Activity at FMC

In other FMC news, Director Carol Anthony Davidson purchased 6,000 shares of FMC stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, with a total value of $223,980.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at $223,980. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronaldo Pereira acquired 5,600 shares of FMC stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $35.77 per share, with a total value of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares of the company's stock, valued at approximately $1,746,899.49. This trade represents a 12.95% 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 corporate insiders.

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.