Courier Capital LLC Has $675,000 Holdings in FMC Co. (NYSE:FMC)

Courier Capital LLC lessened its holdings in shares of FMC Co. (NYSE:FMC) by 11.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,599 shares of the basic materials company’s stock after selling 1,375 shares during the period. Courier Capital LLC’s holdings in FMC were worth $675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FMC. Riverview Trust Co acquired a new position in shares of FMC during the 1st quarter worth approximately $27,000. CVA Family Office LLC acquired a new position in shares of FMC during the 4th quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of FMC during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in shares of FMC by 827.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 612 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of FMC during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on FMC shares. Wells Fargo & Company increased their price target on shares of FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. cut their target price on shares of FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Mizuho raised their target price on shares of FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Royal Bank of Canada raised their target price on shares of FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Finally, Loop Capital raised their price target on shares of FMC from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $70.06.

FMC Stock Up 0.8 %

NYSE:FMC traded up $0.47 during trading hours on Friday, reaching $57.55. The company had a trading volume of 2,771,683 shares, compared to its average volume of 2,023,064. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 6.37, a P/E/G ratio of 1.17 and a beta of 0.88. The business’s 50-day simple moving average is $59.91 and its two-hundred day simple moving average is $59.25. FMC Co. has a twelve month low of $49.49 and a twelve month high of $106.87.

FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a net margin of 27.65% and a return on equity of 7.68%. The business’s quarterly revenue was down 31.7% on a year-over-year basis. During the same period last year, the company posted $1.77 earnings per share. On average, equities analysts expect that FMC Co. will post 3.6 earnings per share for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s dividend payout ratio is currently 25.89%.

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.