Axxcess Wealth Management LLC Cuts Stock Position in FMC Co. (NYSE:FMC)

Axxcess Wealth Management LLC lowered its position in FMC Co. (NYSE:FMCGet Rating) by 25.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,896 shares of the basic materials company’s stock after selling 1,328 shares during the period. Axxcess Wealth Management LLC’s holdings in FMC were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FMC. BlackRock Inc. grew its position in shares of FMC by 6.7% in the 1st quarter. BlackRock Inc. now owns 10,809,549 shares of the basic materials company’s stock worth $1,422,214,000 after buying an additional 679,446 shares during the last quarter. Invesco Ltd. grew its position in FMC by 41.5% during the 1st quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock worth $208,094,000 after purchasing an additional 463,542 shares during the last quarter. Wellington Management Group LLP grew its position in FMC by 5.1% during the 1st quarter. Wellington Management Group LLP now owns 8,913,651 shares of the basic materials company’s stock worth $1,172,769,000 after purchasing an additional 436,423 shares during the last quarter. Glenview Capital Management LLC grew its position in FMC by 112.8% during the 2nd quarter. Glenview Capital Management LLC now owns 758,499 shares of the basic materials company’s stock worth $81,167,000 after purchasing an additional 401,978 shares during the last quarter. Finally, Eaton Vance Management grew its position in FMC by 34.7% during the 1st quarter. Eaton Vance Management now owns 1,236,301 shares of the basic materials company’s stock worth $162,660,000 after purchasing an additional 318,212 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

FMC Stock Performance

FMC opened at $128.25 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.41 and a quick ratio of 0.93. The firm has a fifty day moving average price of $116.50 and a 200 day moving average price of $113.02. FMC Co. has a 1 year low of $98.24 and a 1 year high of $140.99. The stock has a market cap of $16.16 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.74 and a beta of 0.83.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 4,502 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $126.95, for a total value of $571,528.90. Following the completion of the transaction, the executive vice president now directly owns 18,354 shares in the company, valued at approximately $2,330,040.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on FMC shares. KeyCorp boosted their target price on shares of FMC from $122.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, November 3rd. Loop Capital raised shares of FMC from a “hold” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $149.00 in a research report on Tuesday, November 15th. Mizuho dropped their target price on shares of FMC from $149.00 to $144.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Royal Bank of Canada boosted their target price on shares of FMC from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. Finally, StockNews.com upgraded shares of FMC from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.91.

FMC Company Profile

(Get Rating)

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 include 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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