Western Wealth Management LLC Takes $987,000 Position in FMC Co. (NYSE:FMC)

Western Wealth Management LLC acquired a new stake in FMC Co. (NYSE:FMC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,654 shares of the basic materials company's stock, valued at approximately $987,000.

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Other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in FMC by 68.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 93 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in FMC by 99.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 351 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 175 shares during the last quarter. Quilter Plc acquired a new stake in FMC in the 2nd quarter valued at about $47,000. High Net Worth Advisory Group LLC acquired a new stake in FMC in the 1st quarter valued at about $60,000. Finally, CVA Family Office LLC acquired a new stake in FMC in the 4th quarter valued at about $31,000. Institutional investors own 91.86% of the company's stock.

Wall Street Analyst Weigh In

FMC has been the subject of several recent analyst reports. Bank of America downgraded shares of FMC from a "neutral" rating to an "underperform" rating and cut their target price for the company from $60.00 to $57.00 in a research note on Tuesday, January 16th. UBS Group upgraded shares of FMC from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. StockNews.com downgraded shares of FMC from a "hold" rating to a "sell" rating in a research report on Thursday. Royal Bank of Canada cut their price objective on shares of FMC from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, February 8th. Finally, Wolfe Research began coverage on shares of FMC in a research report on Friday, March 1st. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $71.75.

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Get Our Latest Stock Report on FMC

FMC Stock Up 1.5 %

Shares of FMC opened at $57.82 on Friday. FMC Co. has a one year low of $49.49 and a one year high of $124.61. The company has a market cap of $7.22 billion, a P/E ratio of 5.49, a P/E/G ratio of 1.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $58.82 and a two-hundred day simple moving average of $58.21.

• FMC stock just set a new ceiling higher, 50% higher indeed

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). FMC had a net margin of 29.45% and a return on equity of 12.98%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm earned $2.37 earnings per share. Research analysts forecast that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.32 annualized dividend and a yield of 4.01%. FMC's dividend payout ratio is currently 22.03%.

Insider Buying and Selling at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of the stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the acquisition, the chief financial officer now owns 50,088 shares of the company's stock, valued at $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.85% of the company's stock.

About FMC

(Free Report)

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.

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