Thrivent Financial For Lutherans Sells 190 Shares of FMC Corp (FMC)

Thrivent Financial For Lutherans cut its position in shares of FMC Corp (NYSE:FMC) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 347,073 shares of the basic materials company’s stock after selling 190 shares during the period. Thrivent Financial For Lutherans’ holdings in FMC Corp were worth $24,153,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. increased its position in shares of FMC Corp by 163.4% in the first quarter. Contravisory Investment Management Inc. now owns 1,520 shares of the basic materials company’s stock worth $106,000 after buying an additional 943 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of FMC Corp by 522.9% in the first quarter. Acrospire Investment Management LLC now owns 1,906 shares of the basic materials company’s stock worth $133,000 after buying an additional 1,600 shares in the last quarter. Conning Inc. bought a new position in shares of FMC Corp during the first quarter worth about $220,000. Norman Fields Gottscho Capital Management LLC bought a new position in shares of FMC Corp during the first quarter worth about $223,000. Finally, Cleararc Capital Inc. bought a new position in shares of FMC Corp during the first quarter worth about $226,000. Institutional investors and hedge funds own 94.35% of the company’s stock.

Institutional Ownership by Quarter for FMC Corp (NYSE:FMC)

FMC Corp (NYSE:FMC) traded up 0.49% during midday trading on Friday, hitting $76.62. 707,264 shares of the company’s stock traded hands. The company has a 50 day moving average of $74.13 and a 200-day moving average of $63.95. The company has a market capitalization of $10.27 billion, a PE ratio of 286.97 and a beta of 1.66. FMC Corp has a 52 week low of $41.80 and a 52 week high of $77.38.

FMC Corp (NYSE:FMC) last released its earnings results on Tuesday, May 2nd. The basic materials company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.13. FMC Corp had a net margin of 6.37% and a return on equity of 18.60%. The business had revenue of $596 million for the quarter, compared to analysts’ expectations of $742.50 million. Equities research analysts predict that FMC Corp will post $2.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Friday, June 30th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. FMC Corp’s payout ratio is 42.31%.

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A number of equities analysts have recently issued reports on the stock. Jefferies Group LLC increased their price target on shares of FMC Corp from $75.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of FMC Corp from a “buy” rating to a “hold” rating in a report on Monday, February 20th. Wells Fargo & Co upgraded shares of FMC Corp from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a report on Monday, May 15th. Longbow Research reiterated a “buy” rating on shares of FMC Corp in a report on Monday, March 13th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $75.00 price objective on shares of FMC Corp in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $74.87.

In related news, VP Andrea E. Utecht sold 14,434 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $74.62, for a total value of $1,077,065.08. Following the completion of the sale, the vice president now owns 131,899 shares of the company’s stock, valued at approximately $9,842,303.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William Howard Powell sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $72.73, for a total value of $218,190.00. Following the completion of the sale, the director now directly owns 17,554 shares of the company’s stock, valued at approximately $1,276,702.42. The disclosure for this sale can be found here. In the last three months, insiders sold 28,792 shares of company stock valued at $2,155,624. 1.00% of the stock is currently owned by company insiders.

About FMC Corp

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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