FMC Co. (NYSE:FMC) Stock Holdings Reduced by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its position in FMC Co. (NYSE:FMC) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,310 shares of the basic materials company’s stock after selling 1,416 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of FMC worth $3,272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FMC. State Street Corp grew its stake in FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after purchasing an additional 1,343,615 shares in the last quarter. Ilex Capital Partners UK LLP grew its stake in FMC by 2,129.4% in the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock valued at $29,037,000 after purchasing an additional 420,601 shares in the last quarter. Mizuho Securities USA LLC grew its stake in FMC by 2,531.3% in the third quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company’s stock valued at $16,695,000 after purchasing an additional 243,557 shares in the last quarter. BNP Paribas Financial Markets grew its stake in FMC by 139.6% in the third quarter. BNP Paribas Financial Markets now owns 187,028 shares of the basic materials company’s stock valued at $12,333,000 after purchasing an additional 108,978 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of FMC during the 3rd quarter worth about $6,904,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Transactions at FMC

In other news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.85% of the stock is currently owned by insiders.

FMC Trading Up 3.8 %

FMC stock opened at $38.02 on Wednesday. The business has a 50 day moving average price of $48.97 and a two-hundred day moving average price of $57.22. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, equities analysts forecast that FMC Co. will post 3.53 EPS for the current year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.10%. FMC’s payout ratio is presently 85.29%.

Analysts Set New Price Targets

FMC has been the subject of several recent analyst reports. Barclays decreased their price target on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. KeyCorp decreased their price target on FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Friday, February 14th. Citigroup upped their price target on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Mizuho decreased their price target on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.23.

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.