Hsbc Holdings PLC Acquires 65,464 Shares of FMC Co. (NYSE:FMC)

Hsbc Holdings PLC increased its position in shares of FMC Co. (NYSE:FMC - Free Report) by 43.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,004 shares of the basic materials company's stock after purchasing an additional 65,464 shares during the quarter. Hsbc Holdings PLC owned 0.17% of FMC worth $10,397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Inspire Trust Co. N.A. boosted its stake in shares of FMC by 18.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock valued at $3,970,000 after purchasing an additional 9,500 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company's stock valued at $11,050,000 after purchasing an additional 39,230 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of FMC by 2.5% in the 4th 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 purchasing an additional 28,059 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of FMC by 9.4% in the 4th quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company's stock valued at $8,015,000 after purchasing an additional 14,197 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of FMC in the 4th quarter valued at approximately $5,573,000. Institutional investors own 91.86% of the company's stock.

FMC Trading Down 8.4 %

FMC stock traded down $3.52 during mid-day trading on Thursday, hitting $38.40. 4,021,197 shares of the stock were exchanged, compared to its average volume of 2,054,111. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 12 month low of $32.83 and a 12 month high of $68.72. The firm's fifty day simple moving average is $39.49 and its two-hundred day simple moving average is $48.67. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.90 and a beta of 0.83.

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 (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. The firm had revenue of $791.40 million during the quarter, compared to analyst estimates of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The company's revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 EPS. Analysts forecast that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a dividend yield of 6.04%. FMC's dividend payout ratio is currently 85.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday. Redburn Atlantic lowered shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a report on Friday, February 14th. Bank of America reiterated an "underperform" rating and issued a $48.00 price objective (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. The Goldman Sachs Group assumed coverage on shares of FMC in a report on Thursday, March 13th. They issued a "buy" rating and a $51.00 price objective for the company. Finally, Morgan Stanley dropped their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $49.15.

Insider Activity

In other FMC news, insider Ronaldo Pereira acquired 5,600 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the purchase, the insider now owns 48,837 shares of the company's stock, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol Anthony Davidson bought 6,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares of the company's stock, valued at $223,980. This represents 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 company insiders.

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.