BNP Paribas Financial Markets Has $20.24 Million Stake in FMC Co. (NYSE:FMC)

BNP Paribas Financial Markets grew its stake in FMC Co. (NYSE:FMC) by 122.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 416,391 shares of the basic materials company’s stock after buying an additional 229,363 shares during the period. BNP Paribas Financial Markets owned approximately 0.33% of FMC worth $20,241,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Barclays PLC boosted its position in FMC by 17.3% during the third quarter. Barclays PLC now owns 310,378 shares of the basic materials company’s stock worth $20,465,000 after purchasing an additional 45,752 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of FMC during the 3rd quarter worth $58,000. GAMMA Investing LLC grew its stake in FMC by 115.0% in the 4th quarter. GAMMA Investing LLC now owns 1,976 shares of the basic materials company’s stock valued at $96,000 after buying an additional 1,057 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in FMC by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 43,279 shares of the basic materials company’s stock worth $2,104,000 after acquiring an additional 313 shares during the period. Finally, Czech National Bank lifted its position in FMC by 6.5% during the 4th quarter. Czech National Bank now owns 27,072 shares of the basic materials company’s stock worth $1,316,000 after acquiring an additional 1,645 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

Insider Activity

In other FMC news, insider Ronaldo Pereira purchased 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This represents a 12.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol Anthony Davidson acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $223,980. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

FMC Trading Up 0.5 %

Shares of FMC opened at $36.80 on Friday. The stock has a 50 day simple moving average of $39.39 and a 200-day simple moving average of $47.42. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.60 billion, a PE ratio of 13.53, a PEG ratio of 1.90 and a beta of 0.80. FMC Co. has a 1 year low of $32.83 and a 1 year high of $68.72.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The firm’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. On average, sell-side analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 6.30%. The ex-dividend date is Monday, June 30th. FMC’s payout ratio is 88.55%.

Analysts Set New Price Targets

FMC has been the topic of a number of recent analyst reports. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a report on Friday, February 14th. Mizuho upgraded shares of FMC from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research note on Friday, April 25th. Morgan Stanley dropped their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $78.00 to $47.00 in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, FMC currently has an average rating of “Hold” and a consensus price target of $49.46.

FMC Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.