Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in FMC Co. (NYSE:FMC)

Wealth Enhancement Advisory Services LLC lifted its position in FMC Co. (NYSE:FMC) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,279 shares of the basic materials company’s stock after purchasing an additional 313 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in FMC were worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp raised its position in shares of FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 324 shares during the period. First Horizon Advisors Inc. boosted its position in FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Mather Group LLC. grew its holdings in FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 396 shares during the period. Peterson Financial Group Inc. purchased a new stake in shares of FMC in the third quarter valued at approximately $51,000. Finally, Brooklyn Investment Group acquired a new position in shares of FMC during the 3rd quarter worth approximately $52,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Up 3.0 %

FMC stock opened at $53.58 on Wednesday. FMC Co. has a one year low of $47.71 and a one year high of $68.72. The firm has a market cap of $6.69 billion, a PE ratio of 4.61, a PEG ratio of 1.41 and a beta of 0.83. The firm’s 50 day moving average price is $54.51 and its 200-day moving average price is $59.10. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. On average, equities research analysts anticipate that FMC Co. will post 3.35 EPS for the current year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Tuesday, December 31st. FMC’s dividend payout ratio is presently 19.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup cut their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. KeyCorp lowered their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Bank of America raised FMC from an “underperform” rating to a “neutral” rating and reduced their target price for the company from $63.00 to $61.00 in a report on Tuesday. Finally, Mizuho decreased their target price on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Eleven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $63.25.

Insider Transactions at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.