Axa S.A. Cuts Position in FMC Co. (NYSE:FMC)

Axa S.A. lessened its holdings in FMC Co. (NYSE:FMC) by 76.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,139 shares of the basic materials company’s stock after selling 219,351 shares during the period. Axa S.A. owned approximately 0.05% of FMC worth $3,921,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FMC. US Bancorp DE raised its holdings in FMC by 7.9% during the 4th quarter. US Bancorp DE now owns 12,338 shares of the basic materials company’s stock valued at $778,000 after acquiring an additional 901 shares during the period. Parallel Advisors LLC grew its position in FMC by 87.7% in the fourth quarter. Parallel Advisors LLC now owns 2,183 shares of the basic materials company’s stock worth $138,000 after acquiring an additional 1,020 shares in the last quarter. TFO Wealth Partners LLC grew its position in FMC by 49,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,994 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 2,988 shares in the last quarter. Bank of Nova Scotia grew its position in FMC by 34.1% in the fourth quarter. Bank of Nova Scotia now owns 23,114 shares of the basic materials company’s stock worth $1,457,000 after acquiring an additional 5,877 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in FMC by 31.5% during the fourth quarter. California State Teachers Retirement System now owns 290,835 shares of the basic materials company’s stock valued at $18,337,000 after buying an additional 69,709 shares during the period. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 0.2 %

NYSE:FMC opened at $66.08 on Monday. The firm has a market capitalization of $8.25 billion, a P/E ratio of 7.38, a PEG ratio of 1.57 and a beta of 0.85. FMC Co. has a 1-year low of $49.49 and a 1-year high of $68.72. The company’s fifty day moving average price is $62.37 and its 200-day moving average price is $60.71. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07.

FMC (NYSE:FMC) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. FMC had a net margin of 33.97% and a return on equity of 7.52%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that FMC Co. will post 3.41 EPS for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio (DPR) is presently 25.89%.

Analyst Upgrades and Downgrades

FMC has been the subject of several analyst reports. BMO Capital Markets upped their price target on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. Wells Fargo & Company decreased their target price on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. increased their price target on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.47.

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.