FMC Co. (NYSE:FMC) Stake Boosted by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lifted its stake in shares of FMC Co. (NYSE:FMCFree Report) by 64,522.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,632 shares of the basic materials company’s stock after acquiring an additional 11,614 shares during the quarter. WealthPlan Investment Management LLC’s holdings in FMC were worth $779,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New Mexico Educational Retirement Board lifted its holdings in shares of FMC by 6.6% in the third quarter. New Mexico Educational Retirement Board now owns 6,482 shares of the basic materials company’s stock valued at $434,000 after purchasing an additional 400 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of FMC by 41.3% in the third quarter. Fifth Third Bancorp now owns 7,384 shares of the basic materials company’s stock valued at $495,000 after purchasing an additional 2,160 shares in the last quarter. Beaumont Asset Management L.L.C. purchased a new stake in shares of FMC in the third quarter valued at $245,000. Cambiar Investors LLC purchased a new stake in shares of FMC in the third quarter valued at $3,730,000. Finally, Cable Hill Partners LLC raised its holdings in shares of FMC by 5.1% during the third quarter. Cable Hill Partners LLC now owns 3,696 shares of the basic materials company’s stock worth $248,000 after acquiring an additional 179 shares in the last quarter. 86.91% of the stock is owned by institutional investors.

FMC Trading Down 0.6 %

Shares of NYSE:FMC opened at $51.75 on Friday. The company has a market cap of $6.46 billion, a P/E ratio of 4.91, a P/E/G ratio of 1.55 and a beta of 0.88. The stock’s 50-day moving average is $58.58 and its 200-day moving average is $66.42. FMC Co. has a 52-week low of $49.49 and a 52-week high of $131.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.96 and a current ratio of 1.52.

FMC (NYSE:FMCGet Free Report) last released its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $2.37 earnings per share. Equities research analysts predict that FMC Co. will post 4.19 earnings per share for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Thursday, December 28th. FMC’s dividend payout ratio (DPR) is currently 22.03%.

Insider Buying and Selling

In related news, Director Robert C. Pallash acquired 3,845 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average price of $52.48 per share, for a total transaction of $201,785.60. Following the transaction, the director now directly owns 47,871 shares of the company’s stock, valued at approximately $2,512,270.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FMC. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price objective (down from $100.00) on shares of FMC in a report on Tuesday, October 24th. BNP Paribas lowered FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective for the company. in a report on Wednesday. Wells Fargo & Company cut their price objective on FMC from $99.00 to $73.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Vertical Research upgraded FMC from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday, October 16th. Finally, UBS Group increased their target price on shares of FMC from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, FMC currently has an average rating of “Hold” and a consensus price target of $78.24.

View Our Latest Research Report on FMC

About FMC

(Free Report)

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 include 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.

See Also

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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