Mark Douglas Sells 12,697 Shares of FMC Corporation (FMC) Stock

FMC Corporation (NYSE:FMC) insider Mark Douglas sold 12,697 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total transaction of $962,686.54. Following the completion of the transaction, the insider now directly owns 73,690 shares in the company, valued at approximately $5,587,175.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

FMC Corporation (NYSE:FMC) opened at 75.61 on Tuesday. The firm’s 50-day moving average is $74.66 and its 200-day moving average is $65.08. FMC Corporation has a 52-week low of $41.80 and a 52-week high of $77.38. The stock has a market cap of $10.13 billion, a P/E ratio of 283.18 and a beta of 1.61.

FMC Corporation (NYSE:FMC) last issued its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.13. FMC Corporation had a return on equity of 17.87% and a net margin of 1.19%. The business had revenue of $596 million for the quarter, compared to analyst estimates of $742.50 million. Equities research analysts predict that FMC Corporation will post $2.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Friday, June 30th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. FMC Corporation’s payout ratio is 235.72%.

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Hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. raised its stake in FMC Corporation by 163.4% in the first quarter. Contravisory Investment Management Inc. now owns 1,520 shares of the basic materials company’s stock worth $106,000 after buying an additional 943 shares during the last quarter. Acrospire Investment Management LLC raised its stake in FMC Corporation by 522.9% in the first quarter. Acrospire Investment Management LLC now owns 1,906 shares of the basic materials company’s stock worth $133,000 after buying an additional 1,600 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in FMC Corporation during the first quarter worth $200,000. United Capital Financial Advisers LLC purchased a new stake in FMC Corporation during the first quarter worth $202,000. Finally, Conning Inc. purchased a new stake in FMC Corporation during the first quarter worth $220,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Several research firms recently commented on FMC. Jefferies Group LLC set a $70.00 price target on shares of FMC Corporation and gave the stock a “buy” rating in a research note on Saturday, March 25th. Robert W. Baird reaffirmed a “neutral” rating and issued a $76.00 price target (up previously from $67.00) on shares of FMC Corporation in a research note on Sunday, April 2nd. Susquehanna Bancshares Inc raised shares of FMC Corporation from a “neutral” rating to a “positive” rating and set a $86.00 price target on the stock in a research note on Monday, April 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price target on shares of FMC Corporation in a research note on Monday, June 5th. Finally, SunTrust Banks, Inc. raised shares of FMC Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $58.00 to $82.00 in a research note on Monday, April 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $74.87.

About FMC Corporation

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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