ProShare Advisors LLC Buys 21,858 Shares of FMC Co. (NYSE:FMC)

ProShare Advisors LLC increased its stake in FMC Co. (NYSE:FMC) by 103.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,902 shares of the basic materials company’s stock after buying an additional 21,858 shares during the period. ProShare Advisors LLC’s holdings in FMC were worth $2,085,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in FMC in the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC grew its holdings in FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in FMC in the fourth quarter worth about $37,000. IFP Advisors Inc grew its holdings in FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 379 shares during the period. Finally, Principal Securities Inc. grew its holdings in FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares during the period. 91.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Vertical Research upgraded shares of FMC to a “hold” rating in a report on Wednesday, February 5th. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. BMO Capital Markets cut their price objective on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. KeyCorp upped their price objective on shares of FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Barclays cut their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.46.

Insiders Place Their Bets

In other FMC news, Director Carol Anthony Davidson purchased 6,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $223,980. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ronaldo Pereira purchased 5,600 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. The trade was a 12.95% 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 insiders.

FMC Trading Up 1.4%

NYSE:FMC opened at $40.57 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a 12 month low of $32.83 and a 12 month high of $68.55. The company has a market cap of $5.07 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. The company has a 50 day simple moving average of $39.17 and a two-hundred day simple moving average of $46.16.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s revenue was down 13.8% on a year-over-year basis. Research analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Monday, June 30th. FMC’s dividend payout ratio (DPR) is presently 88.55%.

FMC Company 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.