Thrivent Financial For Lutherans cut its holdings in shares of FMC Corp (NYSE:FMC) by 27.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 142,698 shares of the basic materials company’s stock after selling 53,605 shares during the quarter. Thrivent Financial For Lutherans’ holdings in FMC were worth $13,507,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Profund Advisors LLC grew its holdings in shares of FMC by 77.2% during the 4th quarter. Profund Advisors LLC now owns 14,123 shares of the basic materials company’s stock worth $1,337,000 after purchasing an additional 6,155 shares during the period. MANA Advisors LLC purchased a new position in shares of FMC during the 4th quarter worth $1,230,000. Renaissance Technologies LLC purchased a new position in shares of FMC during the 4th quarter worth $3,351,000. Invictus RG purchased a new position in shares of FMC during the 4th quarter worth $315,000. Finally, MML Investors Services LLC purchased a new position in shares of FMC during the 4th quarter worth $313,000. Institutional investors and hedge funds own 90.64% of the company’s stock.
Shares of FMC Corp (NYSE FMC) opened at $83.88 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.20. The stock has a market capitalization of $11,223.32, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.60. FMC Corp has a 12-month low of $59.26 and a 12-month high of $98.70.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Wednesday, March 28th. FMC’s dividend payout ratio is currently 16.54%.
FMC has been the subject of a number of research analyst reports. Credit Suisse Group set a $111.00 target price on FMC and gave the company a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research cut FMC from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Royal Bank of Canada restated a “buy” rating on shares of FMC in a report on Wednesday, February 14th. TheStreet cut FMC from a “b” rating to a “c” rating in a report on Monday, February 12th. Finally, KeyCorp restated a “buy” rating and set a $112.00 target price on shares of FMC in a report on Monday, December 4th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $98.37.
In other FMC news, insider Mark Douglas sold 10,698 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $84.41, for a total value of $903,018.18. Following the sale, the insider now owns 63,191 shares of the company’s stock, valued at approximately $5,333,952.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.
FMC 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.
Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Corp (NYSE:FMC).
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.