Sequoia Financial Advisors LLC Boosts Stock Holdings in FMC Corporation $FMC

Sequoia Financial Advisors LLC boosted its holdings in FMC Corporation (NYSE:FMC) by 379.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 65,414 shares of the basic materials company’s stock after acquiring an additional 51,768 shares during the period. Sequoia Financial Advisors LLC’s holdings in FMC were worth $752,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in FMC by 99.0% in the 2nd quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 1,356 shares during the period. Glenmede Trust Co. NA raised its stake in FMC by 14.9% during the 1st quarter. Glenmede Trust Co. NA now owns 12,427 shares of the basic materials company’s stock valued at $214,000 after buying an additional 1,614 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of FMC by 3,642.9% during the 1st quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock valued at $32,000 after buying an additional 1,785 shares during the period. Essential Partners LLC bought a new position in shares of FMC during the 1st quarter valued at $43,000. Finally, Parallel Advisors LLC boosted its stake in shares of FMC by 297.2% in the 1st quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock worth $108,000 after buying an additional 4,687 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FMC. Mizuho set a $16.00 price objective on FMC in a report on Tuesday, July 14th. Wall Street Zen raised FMC from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of FMC in a research report on Wednesday, August 26th. Royal Bank Of Canada cut their price target on FMC from $12.00 to $11.00 and set a “sector perform” rating for the company in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of FMC from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.38.

FMC Trading Down 0.8%

Shares of FMC stock opened at $10.12 on Friday. FMC Corporation has a 1 year low of $9.71 and a 1 year high of $37.32. The firm has a fifty day moving average price of $11.15 and a 200-day moving average price of $12.90. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.99 and a quick ratio of 1.48. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -0.46 and a beta of 0.41.

FMC (NYSE:FMC) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The company had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $895.14 million. During the same period last year, the firm earned $0.69 EPS. FMC’s revenue for the quarter was down 17.5% compared to the same quarter last year. As a group, equities analysts predict that FMC Corporation will post 1.27 earnings per share for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.08 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 3.2%. FMC’s dividend payout ratio is presently -1.45%.

FMC Profile

FMC Corporation is an agricultural sciences company that develops, manufactures and markets crop protection products. Its portfolio includes insecticides, herbicides, fungicides and other solutions designed to help farmers manage weeds, insects and plant diseases and improve crop productivity.

The company serves agricultural customers through a global commercial and research network, providing products for major crops such as cereals, corn, cotton, fruits, vegetables, rice and soybeans.