Exencial Wealth Advisors LLC Reduces Position in FMC Co. (NYSE:FMC)

Exencial Wealth Advisors LLC cut its position in FMC Co. (NYSE:FMC) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,197 shares of the basic materials company’s stock after selling 5,895 shares during the period. Exencial Wealth Advisors LLC’s holdings in FMC were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FMC. Golden State Wealth Management LLC purchased a new position in shares of FMC in the 4th quarter valued at $29,000. Millburn Ridgefield Corp grew its position in shares of FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after buying an additional 324 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares during the last quarter. IFP Advisors Inc grew its position in shares of FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after buying an additional 379 shares during the last quarter. Finally, Principal Securities Inc. grew 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 valued at $48,000 after buying an additional 255 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Up 7.9 %

FMC stock opened at $39.48 on Thursday. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The stock has a market capitalization of $4.93 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The company has a fifty day moving average of $45.98 and a 200-day moving average of $55.43.

FMC (NYSE:FMC) last released 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%. As a group, analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.88%. FMC’s dividend payout ratio is presently 85.29%.

Insider Activity

In related news, insider Ronaldo Pereira purchased 5,600 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This trade represents a 12.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FMC shares. StockNews.com downgraded shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $66.00 to $38.00 in a research note on Friday, February 7th. Bank of America reiterated an “underperform” rating and set a $48.00 price target (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Finally, Barclays decreased their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $52.23.

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.