Fragasso Financial Advisors Inc Decreases Stake in FMC Co. (NYSE:FMC)

Fragasso Financial Advisors Inc reduced its holdings in FMC Co. (NYSE:FMC) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,239 shares of the basic materials company’s stock after selling 2,475 shares during the period. Fragasso Financial Advisors Inc’s holdings in FMC were worth $2,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management increased its position in FMC by 9.4% during the fourth quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company’s stock worth $8,015,000 after purchasing an additional 14,197 shares during the last quarter. Czech National Bank increased its position in FMC by 6.5% during the fourth quarter. Czech National Bank now owns 27,072 shares of the basic materials company’s stock worth $1,316,000 after purchasing an additional 1,645 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in FMC by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 43,279 shares of the basic materials company’s stock worth $2,104,000 after purchasing an additional 313 shares during the last quarter. GAMMA Investing LLC increased its position in FMC by 115.0% during the fourth quarter. GAMMA Investing LLC now owns 1,976 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 1,057 shares during the last quarter. Finally, Inspire Trust Co. N.A. increased its position in shares of FMC by 18.7% during the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after acquiring an additional 9,500 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FMC. UBS Group dropped their price target on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. KeyCorp dropped their price target on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Citigroup dropped their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho dropped their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada lifted their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, FMC presently has an average rating of “Hold” and an average price target of $62.92.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.85% of the company’s stock.

FMC Stock Up 3.9 %

FMC stock traded up $1.91 during trading on Monday, reaching $51.50. The stock had a trading volume of 900,341 shares, compared to its average volume of 1,420,426. FMC Co. has a 52-week low of $47.71 and a 52-week high of $68.72. The business has a 50 day moving average price of $54.74 and a 200 day moving average price of $59.14. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The stock has a market cap of $6.43 billion, a PE ratio of 4.43, a P/E/G ratio of 1.41 and a beta of 0.83.

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

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 4.50%. FMC’s dividend payout ratio is presently 19.97%.

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.