Ameriprise Financial Inc. Has $72.71 Million Stock Position in FMC Co. (NYSE:FMC)

Ameriprise Financial Inc. grew its stake in FMC Co. (NYSE:FMC) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,495,609 shares of the basic materials company’s stock after buying an additional 18,777 shares during the quarter. Ameriprise Financial Inc. owned 1.20% of FMC worth $72,712,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in FMC by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company’s stock worth $743,338,000 after purchasing an additional 180,766 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of FMC by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company’s stock worth $212,714,000 after acquiring an additional 321,241 shares during the period. Invesco Ltd. increased its holdings in shares of FMC by 37.8% during the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company’s stock worth $173,008,000 after acquiring an additional 977,110 shares during the last quarter. Geode Capital Management LLC raised its stake in FMC by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company’s stock valued at $145,452,000 after acquiring an additional 54,017 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in FMC by 44.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company’s stock valued at $111,131,000 after purchasing an additional 707,727 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Stock Performance

FMC stock opened at $36.80 on Friday. 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 firm has a market cap of $4.60 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.90 and a beta of 0.80. FMC Co. has a 1-year low of $32.83 and a 1-year high of $68.72. The firm has a 50-day moving average of $39.39 and a 200-day moving average of $47.42.

FMC (NYSE:FMC) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The firm had revenue of $791.40 million for the quarter, compared to analysts’ expectations of $783.70 million. During the same quarter in the previous year, the business posted $0.36 EPS. The company’s quarterly revenue was down 13.8% on a year-over-year basis. Sell-side analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.30%. FMC’s dividend payout ratio (DPR) is currently 88.55%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Mizuho raised FMC from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Friday, April 25th. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Redburn Atlantic cut shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Friday, February 14th. Vertical Research upgraded shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. Finally, Bank of America reiterated an “underperform” rating and issued a $48.00 price target (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FMC has a consensus rating of “Hold” and a consensus price target of $49.46.

Insider Buying and Selling

In other FMC news, insider Ronaldo Pereira bought 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This trade represents a 12.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carol Anthony Davidson purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $223,980. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.