FMC Co. (NYSE:FMC) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC reduced its stake in FMC Co. (NYSE:FMCGet Rating) by 25.4% during the 2nd quarter, HoldingsChannel.com reports. The firm 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.

Several other hedge funds also recently added to or reduced their stakes in FMC. CENTRAL TRUST Co purchased a new position in FMC in the first quarter valued at approximately $34,000. Parkside Financial Bank & Trust increased its stake in FMC by 99.4% in the first quarter. Parkside Financial Bank & Trust now owns 351 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 175 shares during the last quarter. Edge Capital Group LLC purchased a new position in FMC in the second quarter valued at approximately $49,000. High Net Worth Advisory Group LLC purchased a new position in FMC in the first quarter valued at approximately $60,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in FMC by 360.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 828 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 648 shares during the last quarter. 87.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 4,502 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $126.95, for a total value of $571,528.90. Following the completion of the sale, the executive vice president now owns 18,354 shares of the company’s stock, valued at $2,330,040.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.57% of the stock is owned by corporate insiders.

FMC Price Performance

Shares of NYSE FMC opened at $128.25 on Thursday. FMC Co. has a 1-year low of $98.24 and a 1-year high of $140.99. 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 stock has a fifty day moving average price of $116.50 and a 200 day moving average price of $113.02. The company has a market cap of $16.16 billion, a PE ratio of 24.81, a P/E/G ratio of 1.74 and a beta of 0.83.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Loop Capital upgraded shares of FMC from a “hold” rating to a “buy” rating and increased their price target for the company from $132.00 to $149.00 in a research note on Tuesday, November 15th. Credit Suisse Group raised their target price on shares of FMC from $105.00 to $112.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 2nd. KeyCorp raised 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. Royal Bank of Canada raised 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, Citigroup raised their target price on shares of FMC from $127.00 to $128.00 in a research report on Tuesday, October 4th. 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 data from MarketBeat.com, FMC has a consensus rating of “Moderate Buy” and an average target price of $133.91.

About FMC

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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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