NFJ Investment Group LLC Has $22.76 Million Stock Position in FMC Co. (NYSE:FMC)

NFJ Investment Group LLC reduced its stake in FMC Co. (NYSE:FMC) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,115 shares of the basic materials company’s stock after selling 4,092 shares during the period. NFJ Investment Group LLC owned about 0.37% of FMC worth $22,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMC. Golden State Wealth Management LLC bought a new position in shares of FMC during the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC increased its position in FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after buying an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of FMC in the 4th quarter worth $37,000. IFP Advisors Inc increased its position in shares of FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 379 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in shares of FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on FMC shares. Bank of America restated an “underperform” rating and set a $48.00 price target (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Morgan Stanley reduced their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Mizuho set a $46.00 target price on shares of FMC in a research report on Tuesday. Finally, BMO Capital Markets dropped their price target on FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.31.

FMC Stock Down 0.5 %

Shares of NYSE FMC opened at $37.38 on Wednesday. FMC Co. has a 12 month low of $32.83 and a 12 month high of $68.72. The firm has a market capitalization of $4.67 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The firm has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $50.36. 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 posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping 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%. Equities analysts expect that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 yield of 6.21%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of FMC stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the purchase, the insider now owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

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.