Cetera Investment Advisers Acquires 2,208 Shares of FMC Co. (NYSE:FMC)

Cetera Investment Advisers increased its holdings in shares of FMC Co. (NYSE:FMC) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,989 shares of the basic materials company’s stock after buying an additional 2,208 shares during the quarter. Cetera Investment Advisers’ holdings in FMC were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Riverview Trust Co acquired a new stake in shares of FMC in the first quarter worth approximately $27,000. Benjamin F. Edwards & Company Inc. raised its position in FMC by 114.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 303 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of FMC in the 1st quarter valued at approximately $41,000. UMB Bank n.a. raised its stake in FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after buying an additional 246 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in FMC during the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Trading Up 0.5 %

Shares of FMC stock opened at $60.66 on Monday. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 1.53 and a beta of 0.85. 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 Co. has a 1 year low of $49.49 and a 1 year high of $68.72. The business has a fifty day simple moving average of $63.15 and a two-hundred day simple moving average of $60.69.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 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 company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts forecast that FMC Co. will post 3.4 EPS for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Monday, September 30th. FMC’s payout ratio is currently 25.89%.

Wall Street Analyst Weigh In

FMC has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. Barclays raised their price target on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. BMO Capital Markets upped their price target on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.