FMC Co. (NYSE:FMC) Shares Sold by M&G Investment Management Ltd.

M&G Investment Management Ltd. cut its holdings in FMC Co. (NYSE:FMC - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,896 shares of the basic materials company's stock after selling 92,755 shares during the quarter. M&G Investment Management Ltd. owned approximately 0.07% of FMC worth $5,852,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in FMC during the fourth quarter worth about $31,000. Quintet Private Bank Europe S.A. bought a new position in shares of FMC during the third quarter worth $33,000. Financial Connections Group Inc. acquired a new position in shares of FMC in the 4th quarter valued at $31,000. Spire Wealth Management lifted its holdings in FMC by 143.1% during the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company's stock worth $34,000 after acquiring an additional 299 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in FMC by 50.0% in the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 228 shares during the period. Institutional investors own 91.86% of the company's stock.

Insiders Place Their Bets

In other FMC news, CFO Andrew D. Sandifer acquired 2,150 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now owns 50,088 shares of the company's stock, valued at approximately $2,966,211.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.85% of the company's stock.

FMC Price Performance

FMC stock traded up $0.23 during midday trading on Thursday, hitting $64.15. The company's stock had a trading volume of 1,375,585 shares, compared to its average volume of 1,964,248. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 2.18 and a beta of 0.88. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. FMC Co. has a 12 month low of $49.49 and a 12 month high of $111.95. The company has a 50 day moving average of $61.74 and a two-hundred day moving average of $58.17.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a net margin of 27.65% and a return on equity of 7.68%. The company's revenue was down 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 earnings per share. On average, analysts expect that FMC Co. will post 3.82 EPS for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, June 28th. FMC's payout ratio is 25.89%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. KeyCorp raised their target price on shares of FMC from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Wednesday, May 8th. Wells Fargo & Company increased their target price on FMC from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of FMC from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday. Loop Capital upped their price objective on shares of FMC from $55.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday, March 19th. Finally, StockNews.com raised FMC from a "sell" rating to a "hold" rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, FMC currently has an average rating of "Hold" and a consensus price target of $70.56.

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.