San Francisco Sentry Investment Group CA Boosts Stock Position in FMC Corp (NYSE:FMC)

San Francisco Sentry Investment Group CA increased its stake in FMC Corp (NYSE:FMC) by 130.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 397 shares of the basic materials company’s stock after buying an additional 225 shares during the period. San Francisco Sentry Investment Group CA’s holdings in FMC were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Squar Milner Financial Services LLC lifted its position in FMC by 51.4% in the 2nd quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 130 shares in the last quarter. Wealthfront Advisers LLC lifted its position in FMC by 3.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 3,865 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 136 shares in the last quarter. Capital Bank & Trust Co lifted its position in FMC by 1.9% in the 2nd quarter. Capital Bank & Trust Co now owns 7,340 shares of the basic materials company’s stock valued at $609,000 after acquiring an additional 140 shares in the last quarter. Parallel Advisors LLC lifted its position in FMC by 46.9% in the 2nd quarter. Parallel Advisors LLC now owns 501 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 160 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in FMC by 0.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 24,673 shares of the basic materials company’s stock valued at $2,046,000 after acquiring an additional 176 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

In related news, COO Mark Douglas sold 22,390 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $89.83, for a total value of $2,011,293.70. Following the transaction, the chief operating officer now directly owns 60,584 shares of the company’s stock, valued at approximately $5,442,260.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicholas Pfeiffer sold 9,218 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $90.88, for a total value of $837,731.84. Following the completion of the transaction, the insider now directly owns 17,706 shares in the company, valued at $1,609,121.28. The disclosure for this sale can be found here. Insiders have sold a total of 228,074 shares of company stock worth $20,314,853 over the last three months. Insiders own 1.50% of the company’s stock.

Several research firms recently issued reports on FMC. Wells Fargo & Co began coverage on FMC in a research report on Tuesday, October 15th. They issued an “outperform” rating and a $100.00 price objective on the stock. SunTrust Banks upped their price objective on FMC to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BNP Paribas began coverage on FMC in a research report on Wednesday, September 18th. They issued a “buy” rating and a $110.00 price objective on the stock. Robert W. Baird raised FMC from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $86.00 to $95.00 in a research report on Wednesday. Finally, BMO Capital Markets set a $100.00 price objective on FMC and gave the company a “buy” rating in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.47.

Shares of NYSE FMC traded down $1.39 during midday trading on Friday, hitting $83.01. 490,249 shares of the stock traded hands, compared to its average volume of 1,013,127. The firm has a 50-day moving average of $86.09 and a two-hundred day moving average of $82.22. The firm has a market capitalization of $11.01 billion, a P/E ratio of 13.20, a PEG ratio of 1.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 1.27. FMC Corp has a one year low of $69.36 and a one year high of $92.13.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.03. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. FMC had a return on equity of 27.33% and a net margin of 10.65%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 EPS. Equities analysts forecast that FMC Corp will post 5.8 earnings per share for the current fiscal year.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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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