Addison Capital Co Trims Position in FMC Co. (NYSE:FMC)

Addison Capital Co decreased its holdings in FMC Co. (NYSE:FMC) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,303 shares of the basic materials company’s stock after selling 573 shares during the quarter. Addison Capital Co’s holdings in FMC were worth $1,279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Inspire Trust Co. N.A. lifted its position in shares of FMC by 18.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock worth $3,970,000 after purchasing an additional 9,500 shares during the period. Reinhart Partners LLC. raised its stake in FMC by 20.9% in the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock worth $11,050,000 after buying an additional 39,230 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in FMC by 27.8% in the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock worth $2,867,000 after buying an additional 9,449 shares during the period. First National Bank of Omaha boosted its position in FMC by 85.7% during the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock valued at $2,238,000 after acquiring an additional 15,662 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of FMC by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock worth $56,602,000 after acquiring an additional 28,059 shares during the period. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 3.5 %

FMC stock opened at $41.78 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72. The stock has a market capitalization of $5.22 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.90 and a beta of 0.93. The business has a fifty day moving average price of $44.89 and a 200-day moving average price of $54.19.

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

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Wall Street Analysts Forecast Growth

FMC has been the subject of a number of research analyst reports. Royal Bank of Canada cut FMC from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. UBS Group downgraded shares of FMC from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $38.00 in a research report on Friday, February 7th. Bank of America reissued an “underperform” rating and set a $48.00 price target (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Finally, Citigroup upped their price objective on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.14.

Insider Buying and Selling at FMC

In other news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now owns 48,837 shares of the company’s stock, valued at $1,746,899.49. The trade was a 12.95 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

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.