Wells Fargo & Company MN Reduces Position in FMC Co. (NYSE:FMC)

Wells Fargo & Company MN lowered its holdings in FMC Co. (NYSE:FMC) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 286,029 shares of the basic materials company’s stock after selling 25,263 shares during the period. Wells Fargo & Company MN owned about 0.23% of FMC worth $13,904,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of FMC during the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 511 shares during the last quarter. IFP Advisors Inc grew its holdings in FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 379 shares in the last quarter. Principal Securities Inc. increased its position in shares of 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 purchasing an additional 255 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of FMC in the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the subject of several research analyst reports. Barclays lowered their price objective on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. KeyCorp decreased their price objective on shares of FMC from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley dropped their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reaffirmed a “cautious” rating on shares of FMC in a 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.00.

FMC Stock Up 1.8 %

Shares of FMC stock opened at $37.75 on Tuesday. FMC Co. has a 1-year low of $32.83 and a 1-year high of $68.72. The company has a market capitalization of $4.72 billion, a P/E ratio of 13.88, a PEG ratio of 1.90 and a beta of 0.83. The business’s fifty day moving average price is $38.81 and its two-hundred day moving average price is $50.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share 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%. As a group, research analysts forecast that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 6.15%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insider Transactions at FMC

In other FMC news, Director Carol Anthony Davidson acquired 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, with a total value of $223,980.00. Following the purchase, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ronaldo Pereira bought 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the purchase, the insider now owns 48,837 shares of the company’s stock, 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. Company insiders own 0.67% of the company’s stock.

FMC Profile

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.