Traders Sell FMC Corporation (FMC) on Strength (FMC)

Investors sold shares of FMC Corporation (NYSE:FMC) on strength during trading hours on Monday. $19.49 million flowed into the stock on the tick-up and $61.09 million flowed out of the stock on the tick-down, for a money net flow of $41.60 million out of the stock. Of all equities tracked, FMC Corporation had the 28th highest net out-flow for the day. FMC Corporation traded up $1.80 for the day and closed at $91.36

Several brokerages have issued reports on FMC. Jefferies Group LLC restated a “buy” rating and issued a $84.00 price target on shares of FMC Corporation in a research report on Thursday, July 6th. Nomura upgraded shares of FMC Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $97.00 in a research report on Friday, August 4th. BidaskClub upgraded shares of FMC Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of FMC Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Credit Suisse Group set a $93.00 price target on shares of FMC Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.04.

The company has a market cap of $12.25 billion, a price-to-earnings ratio of 271.10 and a beta of 1.60. The stock has a 50-day moving average of $85.04 and a 200 day moving average of $75.14.

FMC Corporation (NYSE:FMC) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $656.80 million for the quarter, compared to the consensus estimate of $614.01 million. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. On average, equities research analysts predict that FMC Corporation will post $2.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 28th. FMC Corporation’s payout ratio is currently 188.58%.

In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the transaction, the vice president now directly owns 131,639 shares of the company’s stock, valued at approximately $11,057,676. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in FMC Corporation by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 13,437,788 shares of the basic materials company’s stock valued at $935,135,000 after purchasing an additional 527,494 shares during the period. Glenview Capital Management LLC grew its position in shares of FMC Corporation by 10.8% in the 1st quarter. Glenview Capital Management LLC now owns 10,577,624 shares of the basic materials company’s stock worth $736,097,000 after buying an additional 1,029,806 shares during the period. BlackRock Inc. grew its position in shares of FMC Corporation by 2,944.3% in the 1st quarter. BlackRock Inc. now owns 8,723,379 shares of the basic materials company’s stock worth $607,062,000 after buying an additional 8,436,830 shares during the period. King Luther Capital Management Corp grew its position in shares of FMC Corporation by 1.3% in the 1st quarter. King Luther Capital Management Corp now owns 2,899,596 shares of the basic materials company’s stock worth $201,783,000 after buying an additional 38,036 shares during the period. Finally, York Capital Management Global Advisors LLC purchased a new stake in shares of FMC Corporation in the 1st quarter worth about $167,824,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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FMC Corporation Company Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

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