Cutter Co Brokerage Lowers stake in FMC Corp (FMC)

FMC Corp (FMC) : Cutter Co Brokerage reduced its stake in FMC Corp by 1.24% during the most recent quarter end. The investment management company now holds a total of 49,170 shares of FMC Corp which is valued at $2,369,994 after selling 619 shares in FMC Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.FMC Corp makes up approximately 1.01% of Cutter Co Brokerage’s portfolio.

Other Hedge Funds, Including , Jennison Associates reduced its stake in FMC by selling 836,612 shares or 17.94% in the most recent quarter. The Hedge Fund company now holds 3,827,464 shares of FMC which is valued at $184,483,765. FMC Corp makes up approx 0.19% of Jennison Associates’s portfolio.Johnston Asset Management reduced its stake in FMC by selling 13,440 shares or 4.77% in the most recent quarter. The Hedge Fund company now holds 268,410 shares of FMC which is valued at $12,942,730. FMC Corp makes up approx 0.62% of Johnston Asset Management’s portfolio.Ls Investment Advisors reduced its stake in FMC by selling 1,233 shares or 13.36% in the most recent quarter. The Hedge Fund company now holds 7,994 shares of FMC which is valued at $384,751. FMC Corp makes up approx 0.03% of Ls Investment Advisors’s portfolio.Capstone Asset Management Co reduced its stake in FMC by selling 590 shares or 5.11% in the most recent quarter. The Hedge Fund company now holds 10,947 shares of FMC which is valued at $528,631. FMC Corp makes up approx 0.02% of Capstone Asset Management Co’s portfolio.British Columbia Investment Management Corp boosted its stake in FMC in the latest quarter, The investment management firm added 23,720 additional shares and now holds a total of 44,754 shares of FMC Corp which is valued at $2,080,166. FMC Corp makes up approx 0.02% of British Columbia Investment Management Corp’s portfolio.

FMC Corp opened for trading at $48.38 and hit $48.763 on the upside on Monday, eventually ending the session at $48.45, with a gain of 0.41% or 0.2 points. The heightened volatility saw the trading volume jump to 6,63,406 shares. Company has a market cap of $6,483 M.

On the company’s financial health, FMC Corp reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.68. The company had revenue of $810.30 million for the quarter, compared to analysts expectations of $894.31 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on Jul 20, 2016, FMC Corp announced a cash dividend of $0.1650. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 20, 2016.

FMC Corporation is a diversified chemical company. The Company serves agricultural consumer and industrial markets with solutions applications and products around the world. The Company operates in three business segments: FMC Agricultural Solutions FMC Health and Nutrition and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops markets and sells three classes of crop protection chemicals which include insecticides herbicides and fungicides. The FMC Health and Nutrition segment focuses on food pharmaceutical ingredients nutraceuticals personal care and similar markets. The pharmaceutical additives are used for binding encapsulation and disintegrant applications. The Company’s FMC Lithium segment manufactures lithium products.

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