4,325 Shares in FMC Co. (NYSE:FMC) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new position in FMC Co. (NYSE:FMC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,325 shares of the basic materials company’s stock, valued at approximately $210,000.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in FMC in the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC during the 4th quarter valued at about $37,000. IFP Advisors Inc grew its stake in shares of FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 379 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 255 shares during the period. 91.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FMC shares. Morgan Stanley cut their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Friday, February 14th. StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Bank of America restated an “underperform” rating and set a $48.00 price target (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group started coverage on FMC in a research note on Thursday, March 13th. They set a “buy” rating and a $51.00 price target for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.46.

Insiders Place Their Bets

In other news, insider Ronaldo Pereira acquired 5,600 shares of the firm’s stock in a transaction dated 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 acquisition, the insider now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Carol Anthony Davidson acquired 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $223,980. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

FMC Trading Down 2.3%

Shares of NYSE:FMC opened at $37.22 on Thursday. The stock has a 50 day moving average of $39.24 and a 200 day moving average of $46.92. The company has a market cap of $4.65 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. 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 12-month low of $32.83 and a 12-month high of $68.55.

FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. FMC had a return on equity of 9.67% and a net margin of 8.03%. The business had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was down 13.8% compared to the same quarter last year. As a group, equities research analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 6.23%. FMC’s payout ratio is 88.55%.

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.