FMC Co. (NYSE:FMC) Stake Raised by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its holdings in FMC Co. (NYSE:FMC) by 80.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,382 shares of the basic materials company’s stock after buying an additional 2,839 shares during the quarter. Kingsview Wealth Management LLC’s holdings in FMC were worth $421,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its stake in shares of FMC by 105.7% in the third quarter. Cerity Partners LLC now owns 48,888 shares of the basic materials company’s stock worth $3,224,000 after purchasing an additional 25,122 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in FMC by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock valued at $74,931,000 after buying an additional 20,350 shares during the period. Ontario Teachers Pension Plan Board increased its stake in FMC by 22.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 19,668 shares of the basic materials company’s stock valued at $1,297,000 after buying an additional 3,572 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 246 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of FMC by 27.8% in the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after acquiring an additional 9,449 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

Shares of FMC stock opened at $59.50 on Friday. The business has a fifty day simple moving average of $61.54 and a 200-day simple moving average of $60.68. The stock has a market cap of $7.43 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on FMC. Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. KeyCorp cut their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Mizuho boosted their price target on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Citigroup started coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and an average price target of $68.00.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.85% 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.