Global X Management Co buys $22,573,358 stake in FMC Corp (FMC)

FMC Corp (FMC) : Global X Management Co scooped up 248,150 additional shares in FMC Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 466,874 shares of FMC Corp which is valued at $22,573,358.FMC Corp makes up approximately 1.09% of Global X Management Co’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in FMC in the latest quarter, The investment management firm added 12,346 additional shares and now holds a total of 311,899 shares of FMC Corp which is valued at $15,080,317. FMC Corp makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio.California State Teachers Retirement System reduced its stake in FMC by selling 1,591 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 284,304 shares of FMC which is valued at $13,703,453. FMC Corp makes up approx 0.03% of California State Teachers Retirement System’s portfolio.Financial Architects Inc boosted its stake in FMC in the latest quarter, The investment management firm added 505 additional shares and now holds a total of 1,105 shares of FMC Corp which is valued at $53,283. FMC Corp makes up approx 0.01% of Financial Architects Inc’s portfolio.

FMC Corp closed down -0.53 points or -1.12% at $47 with 9,90,966 shares getting traded on Wednesday. Post opening the session at $47.52, the shares hit an intraday low of $46.47 and an intraday high of $47.59 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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