ProShare Advisors LLC Has $1.28 Million Stock Position in FMC Co. (NYSE:FMC)

ProShare Advisors LLC raised its holdings in FMC Co. (NYSE:FMC) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,214 shares of the basic materials company’s stock after buying an additional 1,467 shares during the quarter. ProShare Advisors LLC’s holdings in FMC were worth $1,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FMC. Legacy Wealth Asset Management LLC increased its position in FMC by 4.6% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 4,007 shares of the basic materials company’s stock valued at $255,000 after buying an additional 175 shares in the last quarter. Taylor Frigon Capital Management LLC increased its holdings in shares of FMC by 1.5% during the first quarter. Taylor Frigon Capital Management LLC now owns 12,581 shares of the basic materials company’s stock valued at $801,000 after acquiring an additional 183 shares in the last quarter. Wahed Invest LLC raised its position in shares of FMC by 9.5% during the fourth quarter. Wahed Invest LLC now owns 2,131 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 184 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of FMC by 27.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 866 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 188 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in FMC by 3.8% in the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 208 shares during the period. 91.86% of the stock is currently owned by institutional investors.

FMC Trading Up 0.2 %

NYSE FMC opened at $66.08 on Friday. The business’s fifty day moving average is $62.37 and its 200-day moving average is $60.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 1.57 and a beta of 0.85. FMC Co. has a one year low of $49.49 and a one year high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping 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 in the previous year, the firm posted $0.50 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts predict that FMC Co. will post 3.41 EPS for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.58 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.32 annualized dividend and a yield of 3.51%. FMC’s payout ratio is 25.89%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FMC. Barclays raised their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Wells Fargo & Company cut their price target on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. KeyCorp lowered their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, BMO Capital Markets lifted their target price on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.47.

About FMC

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.