FMC Co. (NYSE:FMC) Shares Sold by Amundi

Amundi reduced its stake in FMC Co. (NYSE:FMC) by 22.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 316,636 shares of the basic materials company’s stock after selling 89,203 shares during the period. Amundi’s holdings in FMC were worth $15,630,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Machina Capital S.A.S. purchased a new position in shares of FMC in the 4th quarter valued at $914,000. Hartford Funds Management Co LLC grew its holdings in shares of FMC by 45.7% during the fourth quarter. Hartford Funds Management Co LLC now owns 9,702 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 3,043 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of FMC during the fourth quarter worth about $1,412,000. Raymond James Financial Inc. acquired a new stake in shares of FMC during the fourth quarter worth about $5,573,000. Finally, Arizona State Retirement System lifted its holdings in shares of FMC by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company’s stock valued at $1,761,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated 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 directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol Anthony Davidson purchased 6,000 shares of FMC stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is owned by insiders.

FMC Stock Performance

Shares of FMC stock opened at $40.40 on Friday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The stock has a 50 day simple moving average of $45.19 and a 200-day simple moving average of $54.61. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67.

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

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio (DPR) is 85.29%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FMC shares. The Goldman Sachs Group initiated coverage on FMC in a research note on Thursday. They set a “buy” rating and a $51.00 price target on the stock. KeyCorp cut their target price on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company reiterated a “cautious” rating on shares of FMC in a research report on Thursday, March 6th. Barclays lowered their price objective 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. Finally, Citigroup upped their target price on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.14.

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.