Moors & Cabot Inc. lessened its stake in shares of FMC Corp (NYSE:FMC) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,365 shares of the basic materials company’s stock after selling 975 shares during the quarter. Moors & Cabot Inc.’s holdings in FMC were worth $604,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Invictus RG acquired a new position in shares of FMC during the fourth quarter worth about $315,000. MML Investors Services LLC acquired a new position in shares of FMC during the fourth quarter worth about $313,000. Amundi Pioneer Asset Management Inc. lifted its stake in shares of FMC by 83.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 353,808 shares of the basic materials company’s stock worth $33,491,000 after purchasing an additional 160,780 shares in the last quarter. AXA lifted its stake in shares of FMC by 10.3% during the fourth quarter. AXA now owns 10,735 shares of the basic materials company’s stock worth $1,016,000 after purchasing an additional 1,000 shares in the last quarter. Finally, USA Financial Portformulas Corp acquired a new position in shares of FMC during the fourth quarter worth about $3,603,000. Institutional investors own 90.64% of the company’s stock.
Shares of FMC Corp (NYSE FMC) traded down $1.09 during trading on Wednesday, reaching $82.69. The company had a trading volume of 926,016 shares, compared to its average volume of 1,508,420. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.65. The company has a market capitalization of $11,267.65, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.37 and a beta of 1.60. FMC Corp has a 1 year low of $59.26 and a 1 year high of $98.70.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, March 28th. FMC’s dividend payout ratio is currently 16.54%.
In other FMC news, insider Mark Douglas sold 10,698 shares of FMC stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $84.41, for a total value of $903,018.18. Following the completion of the transaction, the insider now directly owns 63,191 shares in the company, valued at $5,333,952.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.
A number of brokerages have recently issued reports on FMC. Piper Jaffray Companies set a $90.00 target price on FMC and gave the stock a “hold” rating in a research report on Thursday, February 15th. TheStreet lowered FMC from a “b” rating to a “c” rating in a research report on Monday, February 12th. KeyCorp reaffirmed a “buy” rating and set a $112.00 target price on shares of FMC in a research report on Monday, December 4th. Stephens began coverage on FMC in a research report on Monday, December 4th. They set an “equal weight” rating and a $91.00 target price on the stock. Finally, Loop Capital set a $106.00 target price on FMC and gave the stock a “buy” rating in a research report on Monday, December 11th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $98.37.
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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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