Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in FMC Co. (NYSE:FMC)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FMC Co. (NYSE:FMC - Free Report) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,895 shares of the basic materials company's stock after purchasing an additional 19,327 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of FMC worth $8,315,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FMC. CVA Family Office LLC acquired a new position in shares of FMC in the 4th quarter worth approximately $31,000. Quintet Private Bank Europe S.A. bought a new stake in FMC during the third quarter valued at $33,000. Financial Connections Group Inc. acquired a new stake in FMC during the 4th quarter worth about $31,000. Spire Wealth Management raised its position in shares of FMC by 143.1% in the 3rd 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 lifted its stake in shares of FMC by 50.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 228 shares during the period. 91.86% of the stock is owned by institutional investors.

Insider Activity at FMC

In other FMC news, CFO Andrew D. Sandifer acquired 2,150 shares of the business's stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $59.22 per share, with a total value of $127,323.00. Following the completion of the acquisition, the chief financial officer now owns 50,088 shares of the company's stock, valued at $2,966,211.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FMC shares. Wells Fargo & Company lifted their target price on FMC from $65.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 8th. StockNews.com upgraded shares of FMC from a "sell" rating to a "hold" rating in a research note on Wednesday, May 8th. Wolfe Research assumed coverage on shares of FMC in a research report on Friday, March 1st. They set a "peer perform" rating on the stock. KeyCorp raised their price target on shares of FMC from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Wednesday, May 8th. Finally, Mizuho increased their price objective on shares of FMC from $55.00 to $57.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, FMC has an average rating of "Hold" and a consensus target price of $70.56.

FMC Stock Performance

Shares of NYSE:FMC traded down $0.17 during midday trading on Friday, reaching $63.98. 1,281,032 shares of the company traded hands, compared to its average volume of 1,847,396. The firm's fifty day moving average price is $61.78 and its two-hundred day moving average price is $58.34. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 2.13 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.

FMC (NYSE:FMC - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $1.01 billion. FMC had a return on equity of 7.68% and a net margin of 27.65%. The company's revenue was down 31.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. On average, equities analysts expect that FMC Co. will post 3.76 earnings per share for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a $0.58 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.63%. FMC's dividend payout ratio (DPR) is presently 25.89%.

FMC 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.