Cibc World Markets Corp Has $1.85 Million Position in FMC Co. (NYSE:FMC)

Cibc World Markets Corp grew its holdings in shares of FMC Co. (NYSE:FMC – Get Rating) by 674.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,809 shares of the basic materials company’s stock after buying an additional 12,898 shares during the period. Cibc World Markets Corp’s holdings in FMC were worth $1,848,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenleaf Trust raised its position in FMC by 0.7% in the 4th quarter. Greenleaf Trust now owns 11,798 shares of the basic materials company’s stock valued at $1,472,000 after buying an additional 81 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in FMC by 8.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,069 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 85 shares during the last quarter. Global Retirement Partners LLC boosted its stake in FMC by 7.9% in the 3rd quarter. Global Retirement Partners LLC now owns 1,247 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 91 shares during the period. Utah Retirement Systems boosted its position in shares of FMC by 0.4% during the 3rd quarter. Utah Retirement Systems now owns 22,612 shares of the basic materials company’s stock valued at $2,390,000 after acquiring an additional 100 shares during the last quarter. Finally, Simmons Bank boosted its position in shares of FMC by 1.0% during the 4th quarter. Simmons Bank now owns 9,639 shares of the basic materials company’s stock valued at $1,203,000 after acquiring an additional 100 shares during the last quarter. 88.28% of the stock is currently owned by institutional investors.

FMC Stock Up 0.4 %

Shares of FMC opened at $108.91 on Friday. FMC Co. has a 52 week low of $98.24 and a 52 week high of $134.38. The company has a quick ratio of 0.88, a current ratio of 1.29 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.40 and a beta of 0.82. The stock’s 50-day moving average price is $117.96 and its 200-day moving average price is $124.11.

FMC (NYSE:FMC – Get Rating) last announced its earnings results on Monday, May 1st. The basic materials company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. FMC had a return on equity of 27.91% and a net margin of 12.51%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts predict that FMC Co. will post 7.76 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, June 29th. FMC’s payout ratio is currently 40.49%.

Insider Activity

In other FMC news, EVP Ronaldo Pereira sold 1,955 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $129.29, for a total value of $252,761.95. Following the sale, the executive vice president now directly owns 19,478 shares in the company, valued at $2,518,310.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Ronaldo Pereira sold 1,955 shares of FMC stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $129.29, for a total transaction of $252,761.95. Following the sale, the executive vice president now owns 19,478 shares in the company, valued at $2,518,310.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew D. Sandifer sold 5,000 shares of FMC stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total value of $638,850.00. Following the sale, the chief financial officer now owns 39,061 shares in the company, valued at approximately $4,990,823.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,376 shares of company stock worth $1,465,016. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FMC shares. Credit Suisse Group lifted their price target on FMC from $112.00 to $120.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 8th. Wells Fargo & Company decreased their price target on FMC from $148.00 to $142.00 in a research note on Wednesday, May 3rd. Redburn Partners raised FMC from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Friday, March 17th. Mizuho reduced their target price on FMC from $150.00 to $147.00 in a research note on Wednesday, May 3rd. Finally, BMO Capital Markets boosted their target price on FMC from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.38.

FMC Profile

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FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.