Kornitzer Capital Management Inc. KS Sells 41,719 Shares of FMC Co. (NYSE:FMC)

Kornitzer Capital Management Inc. KS decreased its holdings in FMC Co. (NYSE:FMC - Free Report) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,613 shares of the basic materials company's stock after selling 41,719 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in FMC were worth $1,300,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FMC. Greenleaf Trust increased its stake in shares of FMC by 19.8% in the 4th quarter. Greenleaf Trust now owns 11,973 shares of the basic materials company's stock valued at $755,000 after buying an additional 1,980 shares during the period. Western Wealth Management LLC acquired a new stake in shares of FMC in the 4th quarter valued at $987,000. Daiwa Securities Group Inc. increased its stake in shares of FMC by 6.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 11,053 shares of the basic materials company's stock valued at $697,000 after buying an additional 699 shares during the period. SVB Wealth LLC acquired a new stake in shares of FMC in the 4th quarter valued at $366,000. Finally, Investors Research Corp increased its stake in shares of FMC by 1,186.4% in the 4th quarter. Investors Research Corp now owns 10,291 shares of the basic materials company's stock valued at $649,000 after buying an additional 9,491 shares during the period. Institutional investors own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FMC shares. Bank of America cut FMC from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $60.00 to $57.00 in a research note on Tuesday, January 16th. Wolfe Research began coverage on FMC in a research note on Friday, March 1st. They issued a "peer perform" rating for the company. BMO Capital Markets decreased their price objective on FMC from $63.00 to $61.00 and set a "market perform" rating for the company in a research note on Wednesday, February 7th. UBS Group raised FMC from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Finally, Mizuho decreased their price objective on FMC from $59.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $71.75.

Insider Activity

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of the business's stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the acquisition, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.81% of the company's stock.

FMC Trading Up 0.7 %

NYSE:FMC traded up $0.40 on Monday, reaching $58.22. The company's stock had a trading volume of 2,029,210 shares, compared to its average volume of 1,987,408. FMC Co. has a 1-year low of $49.49 and a 1-year high of $124.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The firm has a market cap of $7.27 billion, a PE ratio of 5.53, a PEG ratio of 1.86 and a beta of 0.87. The business's 50-day moving average price is $58.92 and its two-hundred day moving average price is $58.13.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same quarter last year, the firm earned $2.37 earnings per share. Equities research analysts anticipate that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were issued a $0.58 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.98%. FMC's dividend payout ratio (DPR) is 22.03%.

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.