CWA Asset Management Group LLC Sells 8,490 Shares of FMC Co. (NYSE:FMC)

CWA Asset Management Group LLC lessened its stake in shares of FMC Co. (NYSE:FMC) by 60.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,462 shares of the basic materials company’s stock after selling 8,490 shares during the period. CWA Asset Management Group LLC’s holdings in FMC were worth $266,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp lifted its stake in FMC by 27.3% in the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after purchasing an additional 1,343,615 shares during the last quarter. AQR Capital Management LLC raised its position in shares of FMC by 317.7% in the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after purchasing an additional 836,179 shares during the period. Ilex Capital Partners UK LLP raised its position in shares of FMC by 2,129.4% in the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock valued at $29,037,000 after purchasing an additional 420,601 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of FMC by 2,531.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company’s stock worth $16,695,000 after buying an additional 243,557 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of FMC during the 2nd quarter worth about $13,492,000. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the 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 approximately $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.85% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group cut their price objective on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada boosted their price target on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. KeyCorp lowered their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Mizuho reduced their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Citigroup lowered their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.92.

FMC Price Performance

FMC stock opened at $50.39 on Friday. The stock has a fifty day moving average of $55.01 and a 200-day moving average of $59.15. FMC Co. has a 52 week low of $47.71 and a 52 week high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a market capitalization of $6.29 billion, a P/E ratio of 4.34, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83.

FMC (NYSE:FMC) last issued its 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 return on equity of 7.68% and a net margin of 34.93%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, sell-side analysts expect that FMC Co. will post 3.35 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 4.60%. FMC’s payout ratio is 19.97%.

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.