Appian Way Asset Management LP Acquires Shares of 144,059 FMC Co. (NYSE:FMC)

Appian Way Asset Management LP bought a new position in shares of FMC Co. (NYSE:FMC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 144,059 shares of the basic materials company's stock, valued at approximately $7,003,000. FMC makes up approximately 1.5% of Appian Way Asset Management LP's portfolio, making the stock its 14th largest position. Appian Way Asset Management LP owned about 0.12% of FMC as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of FMC in the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its position in FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after acquiring an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in FMC in the fourth quarter valued at $37,000. 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 acquiring an additional 379 shares during the period. Finally, Principal Securities Inc. increased 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 worth $48,000 after purchasing an additional 255 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FMC

In other news, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price 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 trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronaldo Pereira bought 5,600 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. This trade represents 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 Price Performance

Shares of FMC stock traded down $0.64 during trading on Friday, hitting $37.81. The company had a trading volume of 2,437,687 shares, compared to its average volume of 2,061,415. The stock's 50-day moving average price is $39.49 and its 200 day moving average price is $48.23. FMC Co. has a one year low of $32.83 and a one year high of $68.72. 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 firm has a market capitalization of $4.72 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm earned $0.36 earnings per share. FMC's revenue for the quarter was down 13.8% compared to the same quarter last year. Equities analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.14%. The ex-dividend date is Monday, June 30th. FMC's payout ratio is presently 85.29%.

Analyst Ratings Changes

FMC has been the subject of a number of research analyst reports. Vertical Research upgraded FMC to a "hold" rating in a report on Wednesday, February 5th. StockNews.com lowered FMC from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target for the company in a report on Friday, April 25th. Redburn Atlantic downgraded shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective on the stock. in a report on Friday, February 14th. Finally, Royal Bank of Canada cut shares of FMC from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, FMC presently has a consensus rating of "Hold" and an average target price of $49.46.

FMC Company 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.