Charles Schwab Investment Management Inc. Purchases 62,739 Shares of FMC Co. (NYSE:FMC)

Charles Schwab Investment Management Inc. grew its position in shares of FMC Co. (NYSE:FMCFree Report) by 6.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,055,779 shares of the basic materials company’s stock after acquiring an additional 62,739 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in FMC were worth $66,567,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMC. CVA Family Office LLC bought a new position in shares of FMC during the fourth quarter valued at about $31,000. Financial Connections Group Inc. purchased a new stake in FMC during the 4th quarter valued at about $31,000. Quintet Private Bank Europe S.A. bought a new position in FMC during the 3rd quarter worth approximately $33,000. Spire Wealth Management increased its stake in FMC by 143.1% in the 3rd quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 299 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in FMC by 50.0% in the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 228 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and raised their target price for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. KeyCorp boosted their price objective on shares of FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Wells Fargo & Company increased their target price on shares of FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Royal Bank of Canada boosted their price target on FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Finally, StockNews.com raised FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.56.

View Our Latest Stock Analysis on FMC

FMC Trading Down 3.5 %

NYSE FMC opened at $63.92 on Thursday. FMC Co. has a 12 month low of $49.49 and a 12 month high of $111.95. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average price is $61.74 and its 200-day moving average price is $58.17. The stock has a market cap of $7.98 billion, a P/E ratio of 7.13, a P/E/G ratio of 2.18 and a beta of 0.88.

FMC (NYSE:FMCGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $918.00 million for the quarter, compared to the consensus estimate of $1.01 billion. FMC had a net margin of 27.65% and a return on equity of 7.68%. FMC’s revenue for the quarter was down 31.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 EPS. As a group, equities analysts forecast that FMC Co. will post 3.82 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a yield of 3.63%. FMC’s payout ratio is currently 25.89%.

Insider Buying and Selling at FMC

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of the stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the acquisition, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.

FMC Company 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.

Further Reading

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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