Kingswood Wealth Advisors LLC Trims Stake in FMC Co. (NYSE:FMC)

Kingswood Wealth Advisors LLC lessened its position in shares of FMC Co. (NYSE:FMC) by 9.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,449 shares of the basic materials company’s stock after selling 669 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in FMC were worth $411,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in FMC by 44.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 174,832 shares of the basic materials company’s stock valued at $11,708,000 after purchasing an additional 53,456 shares during the last quarter. LPL Financial LLC boosted its stake in shares of FMC by 38.9% during the third quarter. LPL Financial LLC now owns 108,809 shares of the basic materials company’s stock worth $7,287,000 after buying an additional 30,467 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of FMC by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 56,427 shares of the basic materials company’s stock worth $3,779,000 after buying an additional 210 shares during the last quarter. Synovus Financial Corp increased its position in FMC by 13.9% in the 3rd quarter. Synovus Financial Corp now owns 27,070 shares of the basic materials company’s stock valued at $1,813,000 after acquiring an additional 3,307 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in FMC by 175.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock worth $55,978,000 after acquiring an additional 532,158 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Trading Up 0.5 %

FMC stock opened at $57.08 on Friday. The stock has a 50-day moving average price of $59.91 and a 200 day moving average price of $59.25. FMC Co. has a 52 week low of $49.49 and a 52 week high of $106.87. The stock has a market cap of $7.12 billion, a PE ratio of 6.37, a P/E/G ratio of 1.17 and a beta of 0.88. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. The company’s quarterly revenue was down 31.7% compared to the same quarter last year. Equities research analysts predict that FMC Co. will post 3.6 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 28th. This represents a $2.32 annualized dividend and a yield of 4.06%. FMC’s dividend payout ratio (DPR) is presently 25.89%.

Wall Street Analyst Weigh In

FMC has been the subject of several recent research reports. KeyCorp increased their price target on FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Royal Bank of Canada raised their price objective on shares of FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Mizuho lifted their price target on FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and a consensus target price of $70.06.

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.