Genesee Valley Trust Co. Has $517,000 Position in FMC Corp. (FMC)
Genesee Valley Trust Co. lowered its stake in FMC Corp. (NYSE:FMC) by 18.1% during the second quarter, Holdings Channel reports. The fund owned 11,166 shares of the company’s stock after selling 2,475 shares during the period. Genesee Valley Trust Co.’s holdings in FMC Corp. were worth $517,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Seven Eight Capital LLC raised its stake in shares of FMC Corp. by 2.4% in the first quarter. Seven Eight Capital LLC now owns 4,200 shares of the company’s stock worth $170,000 after buying an additional 100 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of FMC Corp. during the second quarter worth $214,000. Charter Trust Co. acquired a new stake in shares of FMC Corp. during the second quarter worth $218,000. Johanson Financial Advisors Inc. raised its stake in shares of FMC Corp. by 0.4% in the second quarter. Johanson Financial Advisors Inc. now owns 4,992 shares of the company’s stock worth $231,000 after buying an additional 19 shares in the last quarter. Finally, Murphy Capital Management Inc. acquired a new stake in shares of FMC Corp. during the second quarter worth $240,000. Institutional investors and hedge funds own 94.55% of the company’s stock.
Shares of FMC Corp. (NYSE:FMC) traded up 2.62% on Wednesday, reaching $48.58. The company’s stock had a trading volume of 745,616 shares. The firm has a 50-day moving average price of $47.37 and a 200 day moving average price of $45.48. FMC Corp. has a one year low of $32.24 and a one year high of $50.57. The firm’s market capitalization is $6.50 billion.
FMC Corp. (NYSE:FMC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. FMC Corp. had a positive return on equity of 16.35% and a negative net margin of 2.79%. The company had revenue of $810.30 million for the quarter, compared to analysts’ expectations of $889.70 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. FMC Corp.’s revenue was down 8.7% compared to the same quarter last year. On average, analysts anticipate that FMC Corp. will post $2.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.66 annualized dividend and a yield of 1.36%. FMC Corp.’s dividend payout ratio (DPR) is currently -94.29%.
FMC has been the topic of a number of recent analyst reports. KeyCorp reiterated a “buy” rating on shares of FMC Corp. in a research report on Wednesday, June 29th. Zacks Investment Research upgraded FMC Corp. from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, June 15th. Nomura reiterated a “hold” rating on shares of FMC Corp. in a research report on Tuesday, July 12th. Credit Suisse Group AG reiterated a “hold” rating on shares of FMC Corp. in a research report on Monday, June 27th. Finally, Susquehanna lifted their price objective on FMC Corp. from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. FMC Corp. has a consensus rating of “Hold” and an average target price of $44.43.
About FMC Corp.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
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