FMC Co. (NYSE:FMC) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its stake in FMC Co. (NYSE:FMC) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,951 shares of the basic materials company’s stock after selling 936 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of FMC worth $4,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of FMC by 5.3% during the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after buying an additional 768,432 shares in the last quarter. Wellington Management Group LLP increased its position in shares of FMC by 15.3% in the 4th quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock valued at $791,137,000 after purchasing an additional 1,666,096 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of FMC by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after purchasing an additional 1,316,133 shares in the last quarter. Tweedy Browne Co LLC lifted 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 purchasing an additional 1,518,053 shares during the last quarter. Finally, Boston Partners grew its stake in shares of FMC by 2.2% during the fourth quarter. Boston Partners now owns 2,428,010 shares of the basic materials company’s stock worth $153,030,000 after purchasing an additional 53,408 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Trading Down 0.1 %

NYSE:FMC opened at $63.91 on Friday. FMC Co. has a 1 year low of $49.49 and a 1 year high of $89.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.02 and a current ratio of 1.48. The stock has a fifty day moving average price of $58.58 and a two-hundred day moving average price of $59.19. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 1.65 and a beta of 0.84.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. FMC had a net margin of 33.97% and a return on equity of 7.52%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that FMC Co. will post 3.17 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, September 30th. This represents a $2.32 annualized dividend and a yield of 3.63%. FMC’s dividend payout ratio is presently 25.89%.

Wall Street Analyst Weigh In

FMC has been the subject of a number of recent analyst reports. Mizuho lifted their price target on FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. BMO Capital Markets raised their target price on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Royal Bank of Canada raised their price objective on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, KeyCorp reduced their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FMC has a consensus rating of “Hold” and a consensus target price of $68.63.

FMC Company Profile

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.