Golden State Wealth Management LLC Invests $29,000 in FMC Co. (NYSE:FMC)

Golden State Wealth Management LLC bought a new position in shares of FMC Co. (NYSE:FMC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 604 shares of the basic materials company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millburn Ridgefield Corp boosted its holdings in shares of FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares during the period. Peterson Financial Group Inc. purchased a new stake in shares of FMC during the 3rd quarter valued at approximately $51,000. Brooklyn Investment Group purchased a new stake in shares of FMC during the 3rd quarter valued at approximately $52,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of FMC during the 3rd quarter valued at approximately $58,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FMC

In other news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is currently owned by insiders.

FMC Stock Performance

Shares of FMC stock opened at $36.46 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average price of $51.04 and a 200 day moving average price of $58.05. The company has a market cap of $4.55 billion, a P/E ratio of 13.40, a PEG ratio of 1.75 and a beta of 0.84. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Sell-side analysts predict that FMC Co. will post 3.53 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 6.36%. FMC’s dividend payout ratio is presently 85.29%.

Wall Street Analysts Forecast Growth

FMC has been the topic of several analyst reports. Barclays reduced their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Citigroup lifted their price target on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. UBS Group lowered FMC from a “buy” rating to a “neutral” rating and cut their target price for the company from $66.00 to $38.00 in a research report on Friday, February 7th. StockNews.com raised FMC from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, KeyCorp cut their target price on FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $54.00.

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.