CIBC Private Wealth Group LLC Sells 20,175 Shares of FMC Co. (NYSE:FMC)

CIBC Private Wealth Group LLC trimmed its stake in FMC Co. (NYSE:FMC) by 7.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 256,114 shares of the basic materials company’s stock after selling 20,175 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.21% of FMC worth $12,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of FMC. Vanguard Group Inc. lifted its holdings in shares of FMC by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company’s stock worth $743,338,000 after acquiring an additional 180,766 shares during the last quarter. State Street Corp lifted its stake in FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after purchasing an additional 1,343,615 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of FMC by 48.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock valued at $101,509,000 after buying an additional 685,995 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock worth $56,602,000 after buying an additional 28,059 shares during the period. Finally, Norges Bank bought a new stake in shares of FMC during the 4th quarter worth approximately $49,888,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Up 0.1 %

NYSE:FMC opened at $42.26 on Tuesday. The company’s 50-day simple moving average is $42.77 and its 200-day simple moving average is $52.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72. The stock has a market capitalization of $5.28 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.90 and a beta of 0.93.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, equities analysts anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insiders Place Their Bets

In other news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carol Anthony Davidson bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $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 owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FMC. Royal Bank of Canada lowered FMC from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Citigroup raised their target price on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. KeyCorp reduced their price objective on FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, BMO Capital Markets lowered their target price on FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.15.

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.