CIBC Private Wealth Group LLC Lowers Holdings in FMC Co. (NYSE:FMC)

CIBC Private Wealth Group LLC lowered its stake in shares of FMC Co. (NYSE:FMC) by 7.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 256,114 shares of the basic materials company’s stock after selling 20,175 shares during the period. CIBC Private Wealth Group LLC’s holdings in FMC were worth $12,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in FMC during the fourth quarter worth about $29,000. Millburn Ridgefield Corp boosted its position in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 511 shares during the period. IFP Advisors Inc increased its holdings in shares of FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 379 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Ratings Changes

FMC has been the topic of several analyst reports. Barclays dropped their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Morgan Stanley cut their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Mizuho reduced their price target on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. KeyCorp dropped their price objective on FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Wells Fargo & Company reaffirmed a “cautious” rating on shares of FMC in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.15.

Insider Buying and Selling

In related news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol Anthony Davidson acquired 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $223,980. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

FMC Trading Up 0.1 %

Shares of FMC stock opened at $42.26 on Tuesday. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72. The firm has a market capitalization of $5.28 billion, a P/E ratio of 15.54, a PEG ratio of 1.90 and a beta of 0.93. The stock’s fifty day moving average is $42.77 and its two-hundred day moving average is $52.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Research analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.49%. FMC’s dividend payout ratio is presently 85.29%.

About FMC

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.