Wealth Enhancement Advisory Services LLC Grows Stock Position in FMC Corporation (NYSE:FMC)

Wealth Enhancement Advisory Services LLC lifted its stake in FMC Corporation (NYSE:FMC - Free Report) by 212.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,946 shares of the basic materials company's stock after purchasing an additional 61,852 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of FMC worth $3,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pullen Investment Management LLC acquired a new stake in FMC in the 1st quarter valued at about $314,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of FMC during the first quarter worth approximately $255,000. Rockland Trust Co. raised its holdings in FMC by 45.0% in the first quarter. Rockland Trust Co. now owns 17,046 shares of the basic materials company's stock valued at $719,000 after acquiring an additional 5,292 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake in FMC by 30.1% in the first quarter. Greenwood Capital Associates LLC now owns 30,531 shares of the basic materials company's stock worth $1,288,000 after acquiring an additional 7,055 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in FMC by 560.3% in the first quarter. SG Americas Securities LLC now owns 14,982 shares of the basic materials company's stock worth $632,000 after acquiring an additional 12,713 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Performance

FMC traded down $0.14 during trading on Friday, hitting $42.99. 1,556,192 shares of the stock were exchanged, compared to its average volume of 2,026,292. The company has a quick ratio of 1.12, a current ratio of 1.54 and a debt-to-equity ratio of 0.69. FMC Corporation has a 1-year low of $32.83 and a 1-year high of $68.55. The stock has a fifty day moving average price of $40.16 and a two-hundred day moving average price of $43.04. The firm has a market capitalization of $5.37 billion, a P/E ratio of 16.41, a PEG ratio of 1.27 and a beta of 0.76.

FMC (NYSE:FMC - Get Free Report) last announced its 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. The business had revenue of $791.40 million for the quarter, compared to analysts' expectations of $783.70 million. FMC had a net margin of 7.97% and a return on equity of 9.12%. The company's quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. As a group, sell-side analysts predict that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio is currently 88.55%.

Wall Street Analyst Weigh In

A number of brokerages have commented on FMC. Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. KeyCorp increased their target price on FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a research note on Friday, April 25th. UBS Group lifted their price target on FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $41.00 to $50.00 in a report on Monday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.15.

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.