Daiwa Securities Group Inc. Has $144,000 Position in FMC Corp. (FMC)
Daiwa Securities Group Inc. continued to hold its stake in FMC Corp. (NYSE:FMC) during the second quarter, Holdings Channel reports. The firm owned 3,100 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in FMC Corp. were worth $144,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in FMC Corp. by 3.6% in the first quarter. Geode Capital Management LLC now owns 1,081,505 shares of the company’s stock valued at $43,571,000 after buying an additional 37,846 shares during the period. Legal & General Group Plc boosted its stake in FMC Corp. by 3.0% in the first quarter. Legal & General Group Plc now owns 550,677 shares of the company’s stock valued at $22,231,000 after buying an additional 16,053 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in FMC Corp. by 1.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 70,220 shares of the company’s stock valued at $2,835,000 after buying an additional 1,320 shares during the period. M&T Bank Corp acquired a new stake in FMC Corp. during the first quarter valued at about $420,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in FMC Corp. by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,448,329 shares of the company’s stock valued at $139,209,000 after buying an additional 41,138 shares during the period. Institutional investors and hedge funds own 94.55% of the company’s stock.
Shares of FMC Corp. (NYSE:FMC) traded down 0.73% during mid-day trading on Friday, hitting $47.70. The stock had a trading volume of 648,091 shares. The company’s market cap is $6.38 billion. The firm’s 50 day moving average price is $47.44 and its 200-day moving average price is $46.13. FMC Corp. has a one year low of $32.24 and a one year high of $50.57.
FMC Corp. (NYSE:FMC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. FMC Corp. had a negative net margin of 2.79% and a positive return on equity of 16.35%. The business had revenue of $810.30 million for the quarter, compared to analysts’ expectations of $889.70 million. During the same period in the previous year, the company posted $0.70 EPS. FMC Corp.’s revenue was down 8.7% on a year-over-year basis. On average, equities research analysts anticipate that FMC Corp. will post $2.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, September 28th. FMC Corp.’s dividend payout ratio is currently -94.29%.
Several equities research analysts have recently issued reports on FMC shares. Susquehanna raised their price objective on FMC Corp. from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. Jefferies Group reiterated a “buy” rating and issued a $58.00 target price on shares of FMC Corp. in a report on Thursday, September 29th. Credit Suisse Group AG reiterated a “hold” rating on shares of FMC Corp. in a report on Monday, June 27th. Nomura reiterated a “hold” rating on shares of FMC Corp. in a report on Tuesday, July 12th. Finally, KeyCorp reiterated a “buy” rating on shares of FMC Corp. in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.07.
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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