FMC Co. (NYSE:FMC) Shares Sold by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC lessened its stake in FMC Co. (NYSE:FMC) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,648 shares of the basic materials company’s stock after selling 652 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in FMC were worth $438,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FMC. Mather Group LLC. raised its stake in shares of FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 396 shares in the last quarter. LRI Investments LLC acquired a new stake in FMC during the first quarter worth about $39,000. UMB Bank n.a. raised its stake in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the period. Sentry Investment Management LLC acquired a new stake in FMC during the first quarter worth about $45,000. Finally, EntryPoint Capital LLC raised its stake in FMC by 1,282.3% during the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 795 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

FMC has been the subject of several recent analyst reports. KeyCorp decreased their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets raised their target price on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.00.

FMC Price Performance

NYSE FMC traded down $1.52 on Wednesday, reaching $62.10. The company’s stock had a trading volume of 114,543 shares, compared to its average volume of 1,682,997. The firm has a market cap of $7.75 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.85. The business has a 50-day moving average price of $63.15 and a 200 day moving average price of $61.04. FMC Co. has a 52 week low of $49.49 and a 52 week high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Sell-side analysts expect that FMC Co. will post 3.35 EPS for the current year.

About FMC

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.