First National Advisers LLC Has $1.40 Million Stock Holdings in FMC Co. (NYSE:FMC)

First National Advisers LLC raised its holdings in FMC Co. (NYSE:FMC) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 28,827 shares of the basic materials company’s stock after acquiring an additional 466 shares during the quarter. First National Advisers LLC’s holdings in FMC were worth $1,401,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new position in shares of FMC in the 4th quarter valued at $29,000. Millburn Ridgefield Corp lifted its stake in shares of FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 511 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake 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 last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

FMC has been the subject of several analyst reports. BMO Capital Markets lowered their target price on FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Barclays lowered their target price on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group initiated coverage on FMC in a research report on Thursday. They set a “buy” rating and a $51.00 target price for the company. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Wells Fargo & Company reaffirmed a “cautious” rating on shares of FMC in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.14.

FMC Stock Performance

Shares of FMC opened at $41.78 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The stock has a 50-day moving average of $44.89 and a 200-day moving average of $54.19. The company has a market cap of $5.22 billion, a PE ratio of 15.36, a P/E/G ratio of 1.90 and a beta of 0.93. FMC Co. has a one year low of $33.80 and a one year 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, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, equities research analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.55%. FMC’s dividend payout ratio is presently 85.29%.

Insider Activity

In related news, insider Ronaldo Pereira purchased 5,600 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the purchase, the insider now owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of FMC 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 transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This trade represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

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.