Vontobel Holding Ltd. Cuts Holdings in FMC Co. (NYSE:FMC)

Vontobel Holding Ltd. decreased its position in FMC Co. (NYSE:FMCGet Rating) by 39.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,228 shares of the basic materials company’s stock after selling 18,253 shares during the period. Vontobel Holding Ltd.’s holdings in FMC were worth $3,748,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. grew its position in shares of FMC by 13.9% in the first quarter. Avantax Advisory Services Inc. now owns 3,015 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 368 shares during the period. Profund Advisors LLC boosted its position in FMC by 4.8% during the first quarter. Profund Advisors LLC now owns 4,235 shares of the basic materials company’s stock worth $557,000 after acquiring an additional 193 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in FMC by 19.5% during the first quarter. Commonwealth Equity Services LLC now owns 13,852 shares of the basic materials company’s stock worth $1,822,000 after acquiring an additional 2,265 shares during the last quarter. abrdn plc boosted its position in FMC by 12.6% during the first quarter. abrdn plc now owns 246,412 shares of the basic materials company’s stock worth $32,803,000 after acquiring an additional 27,669 shares during the last quarter. Finally, Westpac Banking Corp boosted its position in FMC by 37.1% during the first quarter. Westpac Banking Corp now owns 146,190 shares of the basic materials company’s stock worth $19,234,000 after acquiring an additional 39,567 shares during the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of FMC from $149.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Redburn Partners lowered shares of FMC from a “buy” rating to a “neutral” rating in a report on Monday, June 13th. Bank of America upgraded shares of FMC from an “underperform” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday, June 21st. They noted that the move was a valuation call. Credit Suisse Group decreased their target price on shares of FMC from $109.00 to $105.00 and set an “underperform” rating on the stock in a report on Wednesday, August 3rd. Finally, Mizuho decreased their target price on shares of FMC from $149.00 to $144.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, FMC has an average rating of “Moderate Buy” and an average target price of $132.64.

FMC Price Performance

FMC stock opened at $109.98 on Friday. The company’s 50 day simple moving average is $108.02 and its 200-day simple moving average is $117.84. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84. FMC Co. has a 1 year low of $87.42 and a 1 year high of $140.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.38.

FMC (NYSE:FMCGet Rating) last announced its earnings results on Tuesday, August 2nd. The basic materials company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. FMC had a net margin of 12.80% and a return on equity of 30.64%. During the same quarter in the prior year, the company posted $1.81 EPS. As a group, equities research analysts expect that FMC Co. will post 7.45 earnings per share for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, September 29th. FMC’s payout ratio is currently 38.97%.

FMC Profile

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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 include 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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