Graham Capital Management L.P. Raises Position in FMC Co. (NYSE:FMC)

Graham Capital Management L.P. grew its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 400.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,794 shares of the basic materials company's stock after buying an additional 21,438 shares during the period. Graham Capital Management L.P.'s holdings in FMC were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of FMC in the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of FMC by 217.4% in 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 during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in FMC during the 4th quarter valued at approximately $37,000. IFP Advisors Inc raised its stake in 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 acquiring an additional 379 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in 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 acquiring an additional 255 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on FMC shares. BMO Capital Markets reduced their price objective on FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company reduced their price objective on FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Royal Bank of Canada downgraded FMC from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Citigroup lifted their target price on shares of FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Barclays cut their price target on shares of FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, FMC presently has an average rating of "Hold" and a consensus target price of $49.46.

FMC Price Performance

Shares of FMC traded up $0.81 on Friday, reaching $40.03. The stock had a trading volume of 2,098,084 shares, compared to its average volume of 2,057,694. The firm has a market capitalization of $5.00 billion, a PE ratio of 14.72, a PEG ratio of 1.90 and a beta of 0.80. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of $39.16 and a 200 day moving average of $46.36. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.55.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping 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 return on equity of 9.67% and a net margin of 8.03%. The company's revenue was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Sell-side analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The company 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 $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend is Monday, June 30th. FMC's dividend payout ratio is currently 88.55%.

Insider Buying and Selling

In related news, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $223,980. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ronaldo Pereira bought 5,600 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

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.