FMC Corp (FMC) Stake Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of FMC Corp (NYSE:FMC) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,615 shares of the basic materials company’s stock after selling 3,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FMC were worth $2,993,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FMC. Advisor Partners LLC purchased a new stake in shares of FMC during the 3rd quarter worth $216,000. Achmea Investment Management B.V. purchased a new stake in shares of FMC during the 3rd quarter worth $246,000. Wright Investors Service Inc. lifted its position in shares of FMC by 45.8% during the 4th quarter. Wright Investors Service Inc. now owns 3,506 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 1,101 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of FMC during the 4th quarter worth $548,000. Finally, Nordea Investment Management AB lifted its position in shares of FMC by 99.7% during the 3rd quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 4,015 shares during the last quarter. 89.36% of the stock is owned by institutional investors and hedge funds.

In related news, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the completion of the sale, the insider now directly owns 6,856 shares of the company’s stock, valued at $619,302.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the stock. Loop Capital set a $106.00 price objective on shares of FMC and gave the stock a “buy” rating in a research report on Monday, December 11th. Bank of America lifted their price objective on shares of FMC from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BMO Capital Markets lifted their price objective on shares of FMC from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Goldman Sachs Group assumed coverage on shares of FMC in a research report on Monday, December 4th. They set a “neutral” rating and a $98.00 price objective for the company. Finally, KeyCorp lifted their price objective on shares of FMC from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. FMC currently has an average rating of “Buy” and a consensus price target of $96.58.

Shares of FMC Corp (FMC) opened at $82.68 on Friday. FMC Corp has a 1 year low of $57.06 and a 1 year high of $98.70. The firm has a market cap of $10,857.75, a price-to-earnings ratio of 32.48, a P/E/G ratio of 1.34 and a beta of 1.52. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were given a $0.165 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. FMC’s dividend payout ratio (DPR) is presently 388.24%.

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FMC Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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