Captrust Financial Advisors Sells 14,974 Shares of FMC Co. (NYSE:FMC)

Captrust Financial Advisors trimmed its holdings in FMC Co. (NYSE:FMC) by 32.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,809 shares of the basic materials company’s stock after selling 14,974 shares during the quarter. Captrust Financial Advisors’ holdings in FMC were worth $1,546,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FMC. Golden State Wealth Management LLC bought a new stake in shares of FMC in the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC in the 4th quarter worth approximately $37,000. IFP Advisors Inc increased its stake in shares of FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after buying an additional 379 shares during the period. Finally, Principal Securities Inc. increased 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 buying an additional 255 shares during the period. 91.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FMC has been the topic of several analyst reports. Morgan Stanley decreased their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Redburn Atlantic downgraded shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note on Friday, February 14th. Mizuho raised shares of FMC from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Friday, April 25th. The Goldman Sachs Group initiated coverage on shares of FMC in a research note on Thursday, March 13th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, UBS Group lifted their target price on shares of FMC from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.46.

FMC Stock Down 0.3%

Shares of FMC stock opened at $38.12 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company’s fifty day simple moving average is $39.32 and its two-hundred day simple moving average is $46.99. The company has a market cap of $4.76 billion, a P/E ratio of 14.01, a PEG ratio of 1.90 and a beta of 0.80. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.55.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The company’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS. Research analysts anticipate that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Monday, June 30th. FMC’s dividend payout ratio is presently 88.55%.

Insider Transactions at FMC

In other FMC news, insider Ronaldo Pereira bought 5,600 shares of FMC stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the transaction, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This represents a 12.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol Anthony Davidson bought 6,000 shares of FMC stock in a transaction dated 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 completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $223,980. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

FMC 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.