FMC Corporation (NYSE:FMC – Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders purchased 3,675 call options on the stock. This is an increase of 57% compared to the typical daily volume of 2,340 call options.
FMC News Summary
Here are the key news stories impacting FMC this week:
- Neutral Sentiment: FMC announced a regular quarterly dividend of $0.08 per share, payable October 15 to shareholders of record on September 30. While the payout is modest, it signals that management continues to maintain the dividend despite the company’s weak stock performance. FMC Corporation Declares Quarterly Dividend
- Neutral Sentiment: RBC Capital lowered its price target on FMC to $12.00, reinforcing a cautious view from analysts and suggesting limited upside from current levels. Royal Bank Of Canada Lowers FMC (NYSE:FMC) Price Target to $12.00
- Neutral Sentiment: Zacks said FMC is not well positioned for an earnings beat in its upcoming report, pointing to expectations for declining earnings and adding to investor caution ahead of results. Analysts Estimate FMC (FMC) to Report a Decline in Earnings: What to Look Out for
- Neutral Sentiment: There was also unusually heavy call option activity in FMC, which can indicate speculative interest, but it is not clear whether traders are positioning for a near-term move higher.
- Negative Sentiment: Brokerage consensus remains at “Reduce,” reflecting skepticism about the company’s near-term outlook and likely contributing to the stock’s weakness. FMC Corporation (NYSE:FMC) Given Consensus Recommendation of “Reduce” by Brokerages
FMC Stock Down 0.6%
Shares of NYSE FMC opened at $11.71 on Friday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -0.59 and a beta of 0.38. The company’s 50-day simple moving average is $11.87 and its 200-day simple moving average is $14.06. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. FMC has a 52-week low of $10.56 and a 52-week high of $43.65.
FMC Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.7%. FMC’s dividend payout ratio is presently -1.60%.
Institutional Trading of FMC
Institutional investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its stake in FMC by 14.9% during the 1st quarter. Glenmede Trust Co. NA now owns 12,427 shares of the basic materials company’s stock valued at $214,000 after buying an additional 1,614 shares during the period. Root Financial Partners LLC raised its position in shares of FMC by 3,642.9% during the 1st quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock worth $32,000 after buying an additional 1,785 shares in the last quarter. Essential Partners LLC acquired a new stake in shares of FMC in the 1st quarter worth approximately $43,000. Parallel Advisors LLC lifted its stake in shares of FMC by 297.2% in the 1st quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 4,687 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of FMC by 11.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company’s stock worth $2,171,000 after acquiring an additional 5,091 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
FMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on FMC from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Mizuho set a $16.00 price target on FMC in a research report on Tuesday, July 14th. The Goldman Sachs Group raised their price objective on FMC from $17.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings restated a “sell (d-)” rating on shares of FMC in a research report on Friday, May 29th. Finally, Wells Fargo & Company upped their target price on FMC from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Reduce” and an average price target of $15.54.
Read Our Latest Stock Report on FMC
About FMC
FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.
Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.
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