Private Advisor Group LLC Has $220,000 Holdings in FMC Co. (NYSE:FMC)

Private Advisor Group LLC cut its position in shares of FMC Co. (NYSE:FMCFree Report) by 21.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,279 shares of the basic materials company’s stock after selling 897 shares during the quarter. Private Advisor Group LLC’s holdings in FMC were worth $220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of FMC by 23.6% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,385 shares of the basic materials company’s stock worth $629,000 after acquiring an additional 1,794 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of FMC by 39.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,843 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 1,083 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of FMC by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 233,758 shares of the basic materials company’s stock worth $15,655,000 after acquiring an additional 2,961 shares in the last quarter. Duality Advisers LP grew its stake in shares of FMC by 199.8% during the 3rd quarter. Duality Advisers LP now owns 16,755 shares of the basic materials company’s stock worth $1,122,000 after acquiring an additional 11,167 shares in the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of FMC by 10.5% in the 3rd quarter. Empirical Finance LLC now owns 4,413 shares of the basic materials company’s stock valued at $296,000 after buying an additional 420 shares during the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.

Insider Buying and Selling at FMC

In other news, Director Robert C. Pallash purchased 3,845 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average cost of $52.48 per share, with a total value of $201,785.60. Following the completion of the purchase, the director now owns 47,871 shares of the company’s stock, valued at approximately $2,512,270.08. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FMC. Mizuho cut their price objective on FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com raised FMC from a “sell” rating to a “hold” rating in a report on Wednesday. BNP Paribas downgraded FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective for the company. in a report on Wednesday. The Goldman Sachs Group reissued a “neutral” rating and issued a $59.00 price objective (down previously from $135.00) on shares of FMC in a report on Tuesday, October 24th. Finally, Roth Mkm assumed coverage on FMC in a report on Thursday, January 4th. They issued a “buy” rating and a $74.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $78.35.

Get Our Latest Research Report on FMC

FMC Stock Performance

FMC stock opened at $54.65 on Thursday. FMC Co. has a 12-month low of $49.49 and a 12-month high of $131.77. The company has a quick ratio of 0.96, a current ratio of 1.54 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $58.70 and its two-hundred day moving average price is $67.03. The stock has a market cap of $6.82 billion, a PE ratio of 5.19, a P/E/G ratio of 1.74 and a beta of 0.88.

FMC (NYSE:FMCGet Free Report) last released its earnings results on Monday, February 5th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a net margin of 29.45% and a return on equity of 13.98%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $2.37 EPS. As a group, analysts expect that FMC Co. will post 4.34 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, December 28th. FMC’s dividend payout ratio is presently 22.03%.

About FMC

(Free Report)

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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