BNP Paribas Financial Markets Has $6.17 Million Stock Holdings in FMC Co. (NYSE:FMC)

BNP Paribas Financial Markets trimmed its stake in shares of FMC Co. (NYSE:FMC) by 58.7% in the first quarter, Holdings Channel.com reports. The firm owned 96,875 shares of the basic materials company’s stock after selling 137,967 shares during the quarter. BNP Paribas Financial Markets’ holdings in FMC were worth $6,171,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in FMC during the 1st quarter worth approximately $27,000. CVA Family Office LLC acquired a new position in FMC during the 4th quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in FMC during the 4th quarter worth approximately $31,000. Benjamin F. Edwards & Company Inc. increased its position in FMC by 114.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 303 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in 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. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

Shares of FMC stock opened at $54.85 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.46 and a quick ratio of 1.02. The company has a market cap of $6.85 billion, a P/E ratio of 6.12, a P/E/G ratio of 1.16 and a beta of 0.84. FMC Co. has a one year low of $49.49 and a one year high of $97.45. The firm has a 50-day moving average of $59.42 and a 200-day moving average of $59.03.

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

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.23%. FMC’s dividend payout ratio (DPR) is currently 25.89%.

Analysts Set New Price Targets

A number of research firms recently issued reports on FMC. Mizuho upped their price objective on shares of FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. UBS Group raised shares of FMC from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Royal Bank of Canada boosted their target price on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Loop Capital boosted their target price on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. Finally, Barclays started coverage on shares of FMC in a report on Wednesday, June 26th. They set an “equal weight” rating and a $62.00 target price on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, FMC has a consensus rating of “Hold” and an average price target of $70.06.

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.