FMC Corporation (FMC) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in FMC Corporation (NYSE:FMC) by 686.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,786 shares of the basic materials company’s stock after buying an additional 17,269 shares during the period. Victory Capital Management Inc.’s holdings in FMC Corporation were worth $1,377,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in FMC. Silvercrest Asset Management Group LLC increased its position in FMC Corporation by 34.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 379,804 shares of the basic materials company’s stock worth $21,482,000 after buying an additional 96,508 shares during the last quarter. Tudor Investment Corp Et Al increased its position in FMC Corporation by 101.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 15,056 shares of the basic materials company’s stock worth $852,000 after buying an additional 7,577 shares during the last quarter. Cigna Investments Inc. New bought a new position in FMC Corporation during the fourth quarter worth about $274,000. Sandler Capital Management bought a new position in FMC Corporation during the fourth quarter worth about $9,154,000. Finally, Norges Bank bought a new position in FMC Corporation during the fourth quarter worth about $59,302,000. 91.11% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for FMC Corporation (NYSE:FMC)

Shares of FMC Corporation (FMC) opened at 75.61 on Tuesday. The company has a market cap of $10.13 billion, a P/E ratio of 283.18 and a beta of 1.61. The company’s 50 day moving average is $74.66 and its 200 day moving average is $65.08. FMC Corporation has a 12 month low of $41.80 and a 12 month high of $77.38.

FMC Corporation (NYSE:FMC) last posted its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.56 by $0.13. The firm had revenue of $596 million for the quarter, compared to the consensus estimate of $742.50 million. FMC Corporation had a return on equity of 17.87% and a net margin of 1.19%. On average, equities research analysts predict that FMC Corporation will post $2.45 EPS for the current fiscal year.

The company also recently disclosed 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 of this dividend is Wednesday, June 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. FMC Corporation’s dividend payout ratio (DPR) is presently 235.72%.

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A number of equities analysts recently issued reports on FMC shares. Zacks Investment Research downgraded shares of FMC Corporation from a “buy” rating to a “hold” rating in a research note on Monday, February 20th. Royal Bank Of Canada assumed coverage on shares of FMC Corporation in a research note on Thursday, February 23rd. They set an “outperform” rating and a $71.00 target price for the company. Longbow Research reaffirmed a “buy” rating on shares of FMC Corporation in a research note on Monday, March 13th. Robert W. Baird assumed coverage on shares of FMC Corporation in a research note on Wednesday, March 22nd. They set a “neutral” rating and a $67.00 target price for the company. Finally, Jefferies Group LLC set a $70.00 target price on shares of FMC Corporation and gave the company a “buy” rating in a research note on Saturday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $74.87.

In related news, Director William Howard Powell sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $72.73, for a total transaction of $218,190.00. Following the completion of the transaction, the director now owns 17,554 shares in the company, valued at approximately $1,276,702.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Andrea E. Utecht sold 14,434 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $74.62, for a total transaction of $1,077,065.08. Following the transaction, the vice president now owns 131,899 shares of the company’s stock, valued at approximately $9,842,303.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,489 shares of company stock valued at $3,118,310. 1.10% of the stock is currently owned by company insiders.

FMC Corporation Company Profile

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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