FMC Co. (NYSE:FMC) Position Decreased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in FMC Co. (NYSE:FMC) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,492 shares of the basic materials company’s stock after selling 423 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in FMC were worth $4,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FMC. Vanguard Group Inc. lifted its position in shares of FMC by 1.9% in the first quarter. Vanguard Group Inc. now owns 14,067,888 shares of the basic materials company’s stock worth $1,850,913,000 after purchasing an additional 258,552 shares in the last quarter. BlackRock Inc. lifted its position in FMC by 2.0% during the 1st quarter. BlackRock Inc. now owns 11,637,405 shares of the basic materials company’s stock valued at $1,421,276,000 after purchasing an additional 228,436 shares during the period. Wellington Management Group LLP lifted its position in 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 valued at $728,745,000 after purchasing an additional 1,634,535 shares during the period. State Street Corp lifted its position in FMC by 1.8% during the 1st quarter. State Street Corp now owns 5,683,520 shares of the basic materials company’s stock valued at $697,341,000 after purchasing an additional 101,627 shares during the period. Finally, Morgan Stanley lifted its position in FMC by 29.3% during the 3rd quarter. Morgan Stanley now owns 2,822,117 shares of the basic materials company’s stock valued at $188,997,000 after purchasing an additional 639,925 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FMC

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of the company’s stock in a transaction on 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 purchase, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

FMC Price Performance

FMC stock opened at $63.76 on Wednesday. The stock’s 50 day moving average is $58.60 and its 200 day moving average is $58.63. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. The firm has a market cap of $7.96 billion, a P/E ratio of 6.06, a P/E/G ratio of 1.89 and a beta of 0.87. FMC Co. has a one year low of $49.49 and a one year high of $125.20.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. During the same period in the prior year, the firm earned $2.37 earnings per share. As a group, research analysts expect that FMC Co. will post 3.88 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, March 27th. FMC’s dividend payout ratio is currently 22.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FMC shares. BMO Capital Markets lowered their price target on FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a research note on Wednesday, February 7th. UBS Group raised FMC from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Wolfe Research started coverage on FMC in a research note on Friday, March 1st. They set a “peer perform” rating for the company. BNP Paribas cut FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price for the company. in a research note on Wednesday, February 7th. Finally, Roth Mkm started coverage on FMC in a research note on Thursday, January 4th. They set a “buy” rating and a $74.00 target price for the company. One 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’s stock. Based on data from MarketBeat, FMC presently has an average rating of “Hold” and a consensus target price of $71.75.

FMC 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.