Chicago Partners Investment Group LLC Acquires Shares of 6,391 FMC Corporation (NYSE:FMC)

Chicago Partners Investment Group LLC acquired a new stake in shares of FMC Corporation (NYSE:FMC) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,391 shares of the basic materials company’s stock, valued at approximately $270,000.

A number of other institutional investors have also modified their holdings of FMC. Financial Harvest LLC purchased a new position in shares of FMC during the 1st quarter valued at about $29,000. Golden State Wealth Management LLC increased its stake in shares of FMC by 66.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 402 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of FMC in the 1st quarter valued at about $55,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of FMC in the 4th quarter valued at about $62,000. Finally, UMB Bank n.a. increased its stake in shares of FMC by 378.5% in the 1st quarter. UMB Bank n.a. now owns 1,914 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 1,514 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FMC. Morgan Stanley cut their price target on FMC from $46.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Barclays lifted their price target on FMC from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. UBS Group cut their price target on FMC from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. KeyCorp boosted their price objective on FMC from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada cut their price objective on FMC from $47.00 to $42.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, FMC has an average rating of “Hold” and a consensus target price of $50.38.

FMC Trading Down 1.9%

Shares of FMC stock opened at $35.13 on Tuesday. The stock has a market cap of $4.39 billion, a P/E ratio of 43.91, a P/E/G ratio of 1.11 and a beta of 0.75. The stock’s 50 day simple moving average is $41.75 and its 200-day simple moving average is $40.63. FMC Corporation has a 1-year low of $32.83 and a 1-year high of $67.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. Analysts predict that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a $0.58 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.6%. FMC’s dividend payout ratio is currently 290.00%.

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.