FMC Corp (FMC) Shares Sold by Aviva PLC

Aviva PLC lowered its stake in shares of FMC Corp (NYSE:FMC) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,786 shares of the basic materials company’s stock after selling 2,540 shares during the quarter. Aviva PLC’s holdings in FMC were worth $5,648,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SRS Capital Advisors Inc. acquired a new position in FMC during the 3rd quarter valued at about $125,000. Piedmont Investment Advisors LLC acquired a new position in FMC during the 2nd quarter valued at about $139,000. Moneta Group Investment Advisors LLC acquired a new position in FMC during the 2nd quarter valued at about $157,000. CSat Investment Advisory L.P. acquired a new position in FMC during the 2nd quarter valued at about $193,000. Finally, Wedbush Securities Inc. acquired a new position in FMC during the 2nd quarter valued at about $212,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:FMC opened at $80.08 on Friday. The company has a market capitalization of $11.21 billion, a P/E ratio of 29.55, a PEG ratio of 0.89 and a beta of 1.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.10 and a current ratio of 1.54. FMC Corp has a fifty-two week low of $72.73 and a fifty-two week high of $98.70.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. FMC had a net margin of 22.28% and a return on equity of 26.26%. FMC’s revenue for the quarter was up 60.4% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. On average, analysts forecast that FMC Corp will post 6 EPS for the current fiscal year.

FMC announced that its board has initiated a share repurchase program on Monday, December 3rd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the basic materials company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Friday, December 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from FMC’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 27th. FMC’s dividend payout ratio (DPR) is currently 24.35%.

A number of research analysts have issued reports on FMC shares. Credit Suisse Group set a $105.00 target price on shares of FMC and gave the company a “buy” rating in a research report on Monday, December 3rd. ValuEngine downgraded shares of FMC from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Citigroup set a $96.00 target price on shares of FMC and gave the company a “buy” rating in a research report on Sunday, November 11th. Loop Capital started coverage on shares of FMC in a research report on Friday, November 9th. They set a “buy” rating and a $118.00 target price on the stock. Finally, Buckingham Research started coverage on shares of FMC in a research report on Wednesday, November 14th. They set a “buy” rating and a $106.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $102.08.

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FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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