Wealth Enhancement Advisory Services LLC Cuts Stake in FMC Co. (NYSE:FMC)

Wealth Enhancement Advisory Services LLC lowered its position in shares of FMC Co. (NYSE:FMC - Free Report) by 32.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,094 shares of the basic materials company's stock after selling 13,872 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in FMC were worth $1,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of FMC during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its position 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 in the last quarter. 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 boosted its position 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 in the last quarter. Finally, Principal Securities Inc. boosted its position 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 in the last quarter. Institutional investors own 91.86% of the company's stock.

FMC Stock Performance

Shares of NYSE FMC traded up $0.01 during midday trading on Wednesday, hitting $44.05. 1,591,230 shares of the stock traded hands, compared to its average volume of 2,025,764. 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 $5.50 billion, a P/E ratio of 16.20, a PEG ratio of 1.90 and a beta of 0.76. FMC Co. has a one year low of $32.83 and a one year high of $68.55. The firm has a 50-day moving average of $38.90 and a two-hundred day moving average of $44.31.

FMC (NYSE:FMC - Get Free Report) last issued its 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 net margin of 8.03% and a return on equity of 9.67%. The company had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same quarter in the prior year, the firm posted $0.36 EPS. FMC's quarterly revenue was down 13.8% compared to the same quarter last year. On average, equities analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company 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 $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 5.27%. FMC's dividend payout ratio (DPR) is 88.55%.

Analysts Set New Price Targets

FMC has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 price target on the stock. Wells Fargo & Company dropped their price target on FMC from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. KeyCorp increased their price objective on FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Redburn Atlantic lowered FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a report on Friday, February 14th. Finally, Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, FMC currently 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.