FMC Co. (NYSE:FMC) Stock Position Increased by Seven Eight Capital LP

Seven Eight Capital LP boosted its position in FMC Co. (NYSE:FMCFree Report) by 90.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,464 shares of the basic materials company’s stock after purchasing an additional 6,861 shares during the quarter. Seven Eight Capital LP’s holdings in FMC were worth $912,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of FMC by 17.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock worth $728,745,000 after buying an additional 1,634,535 shares in the last quarter. Tweedy Browne Co LLC raised its position in shares of FMC by 105.1% during the 4th quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock worth $186,745,000 after buying an additional 1,518,053 shares in the last quarter. Norges Bank bought a new stake in shares of FMC during the 4th quarter worth about $83,227,000. Russell Investments Group Ltd. raised its position in shares of FMC by 517.5% during the 4th quarter. Russell Investments Group Ltd. now owns 809,382 shares of the basic materials company’s stock worth $51,032,000 after buying an additional 678,307 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of FMC by 175.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock worth $55,978,000 after buying an additional 532,158 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

FMC Stock Performance

Shares of FMC opened at $56.66 on Monday. The company’s 50 day moving average price is $60.82 and its 200 day moving average price is $59.12. FMC Co. has a 52 week low of $49.49 and a 52 week high of $111.45. The company has a market capitalization of $7.07 billion, a PE ratio of 6.32, a PEG ratio of 1.12 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46.

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 analysts’ consensus estimates of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The firm had revenue of $918.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. The firm’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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Friday, June 28th. FMC’s payout ratio is presently 25.89%.

Wall Street Analyst Weigh In

A number of research firms have commented on FMC. UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. Wells Fargo & Company lifted their price objective on shares of FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. StockNews.com raised shares of FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Mizuho lifted their price objective on shares of FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Finally, KeyCorp lifted their price objective on shares of FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, FMC has an average rating of “Hold” and a consensus price target of $70.56.

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About FMC

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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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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