30,965 Shares in FMC Co. (NYSE:FMC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in FMC Co. (NYSE:FMC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,965 shares of the basic materials company’s stock, valued at approximately $1,505,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMC. Golden State Wealth Management LLC acquired a new position in FMC in the 4th quarter worth approximately $29,000. Millburn Ridgefield Corp boosted its stake in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the period. First Horizon Advisors Inc. lifted its position in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after buying an additional 246 shares in the last quarter. IFP Advisors Inc lifted its position in FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after buying an additional 379 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Down 2.2 %

FMC stock opened at $42.26 on Friday. The company has a market capitalization of $5.28 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.90 and a beta of 0.93. The firm’s fifty day simple moving average is $44.28 and its 200-day simple moving average is $53.72. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Sell-side analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.49%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FMC. Morgan Stanley cut their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Bank of America reiterated an “underperform” rating and issued a $48.00 target price (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. BMO Capital Markets cut their target price on shares of FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Wells Fargo & Company reiterated a “cautious” rating on shares of FMC in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.15.

Insider Buying and Selling

In related news, Director Carol Anthony Davidson purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ronaldo Pereira purchased 5,600 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.