Mackenzie Financial Corp Sells 15,497 Shares of FMC Co. (NYSE:FMC)

Mackenzie Financial Corp trimmed its position in shares of FMC Co. (NYSE:FMC) by 56.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,049 shares of the basic materials company’s stock after selling 15,497 shares during the period. Mackenzie Financial Corp’s holdings in FMC were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cable Hill Partners LLC raised its position in shares of FMC by 5.1% during the 3rd quarter. Cable Hill Partners LLC now owns 3,696 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 179 shares during the period. Keybank National Association OH grew its stake in FMC by 4.3% during the third quarter. Keybank National Association OH now owns 5,088 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 208 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in FMC by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 56,427 shares of the basic materials company’s stock valued at $3,779,000 after acquiring an additional 210 shares in the last quarter. AE Wealth Management LLC grew its stake in FMC by 5.7% during the third quarter. AE Wealth Management LLC now owns 4,130 shares of the basic materials company’s stock valued at $277,000 after acquiring an additional 223 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in FMC by 50.0% during the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 228 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

FMC Trading Down 1.0 %

NYSE:FMC opened at $57.80 on Friday. FMC Co. has a one year low of $49.49 and a one year high of $124.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The firm has a market cap of $7.21 billion, a P/E ratio of 5.49, a P/E/G ratio of 1.89 and a beta of 0.87. The firm has a 50-day simple moving average of $59.33 and a 200-day simple moving average of $58.10.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $2.37 EPS. Equities analysts anticipate that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date was Wednesday, March 27th. FMC’s payout ratio is currently 22.03%.

Insider Transactions at FMC

In other news, CFO Andrew D. Sandifer acquired 2,150 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at $2,966,211.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

FMC has been the subject of several research analyst reports. KeyCorp raised their target price on shares of FMC from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Bank of America cut shares of FMC from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $60.00 to $57.00 in a research note on Tuesday, January 16th. Mizuho dropped their price objective on shares of FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Royal Bank of Canada dropped their price objective on shares of FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, UBS Group raised shares of FMC from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.75.

About FMC

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.