KBC Group NV Cuts Stock Holdings in FMC Co. (NYSE:FMC)

KBC Group NV decreased its position in FMC Co. (NYSE:FMCFree Report) by 55.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,741 shares of the basic materials company’s stock after selling 54,706 shares during the quarter. KBC Group NV’s holdings in FMC were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Keybank National Association OH lifted its position in FMC by 4.3% in the 3rd quarter. Keybank National Association OH now owns 5,088 shares of the basic materials company’s stock worth $341,000 after buying an additional 208 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in FMC by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 56,427 shares of the basic materials company’s stock worth $3,779,000 after buying an additional 210 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in FMC by 50.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after buying an additional 228 shares during the last quarter. Brown Advisory Inc. lifted its position in FMC by 7.4% in the 4th quarter. Brown Advisory Inc. now owns 3,825 shares of the basic materials company’s stock worth $241,000 after buying an additional 263 shares during the last quarter. Finally, WealthPLAN Partners LLC lifted its position in FMC by 2.5% in the 4th quarter. WealthPLAN Partners LLC now owns 11,917 shares of the basic materials company’s stock worth $751,000 after buying an additional 285 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Price Performance

Shares of FMC stock opened at $56.66 on Friday. FMC Co. has a twelve month low of $49.49 and a twelve month high of $111.45. The business’s fifty day moving average is $60.96 and its 200 day moving average is $59.02. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 1.14 and a beta of 0.88.

FMC (NYSE:FMCGet Free Report) last posted its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The company had revenue of $918.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. FMC’s revenue was down 31.7% on a year-over-year basis. Research analysts expect that FMC Co. will post 3.76 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s dividend payout ratio (DPR) is currently 25.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FMC. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Loop Capital boosted their price objective on FMC from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. lowered their price objective on FMC from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Wells Fargo & Company boosted their price objective on FMC from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Mizuho boosted their price objective on FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.56.

View Our Latest Research Report on FMC

FMC Profile

(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 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.

See Also

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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