Diversify Advisory Services LLC Acquires New Holdings in FMC Co. (NYSE:FMC)

Diversify Advisory Services LLC acquired a new stake in FMC Co. (NYSE:FMC) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 7,851 shares of the basic materials company’s stock, valued at approximately $493,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norden Group LLC purchased a new stake in FMC during the first quarter worth about $313,000. HB Wealth Management LLC purchased a new stake in FMC during the first quarter worth about $347,000. Caprock Group LLC increased its stake in FMC by 37.8% during the first quarter. Caprock Group LLC now owns 6,729 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 1,845 shares during the period. Commonwealth Equity Services LLC increased its stake in FMC by 15.9% during the first quarter. Commonwealth Equity Services LLC now owns 26,119 shares of the basic materials company’s stock worth $1,664,000 after purchasing an additional 3,575 shares during the period. Finally, Greenleaf Trust increased its stake in FMC by 22.7% during the first quarter. Greenleaf Trust now owns 14,689 shares of the basic materials company’s stock worth $936,000 after purchasing an additional 2,716 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Mizuho upped their target price on shares of FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Barclays began coverage on shares of FMC in a research note on Wednesday, June 26th. They set an “equal weight” rating and a $62.00 target price on the stock. Loop Capital upped their target price on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. Finally, UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and upped their target price for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and a consensus target price of $70.06.

FMC Price Performance

NYSE:FMC traded down $0.54 during trading hours on Friday, hitting $55.12. The company’s stock had a trading volume of 1,906,203 shares, compared to its average volume of 1,702,830. The business’s 50-day moving average is $59.64 and its two-hundred day moving average is $59.18. The company has a market capitalization of $6.88 billion, a PE ratio of 6.15, a PEG ratio of 1.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46. FMC Co. has a 52-week low of $49.49 and a 52-week high of $104.92.

FMC (NYSE:FMC) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a return on equity of 7.68% and a net margin of 27.65%. FMC’s revenue was down 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.77 earnings per share. As a group, research analysts anticipate that FMC Co. will post 3.6 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s dividend payout ratio is currently 25.89%.

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.