WealthPLAN Partners LLC Decreases Position in FMC Co. (NYSE:FMC)

WealthPLAN Partners LLC decreased its stake in shares of FMC Co. (NYSE:FMC - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,320 shares of the basic materials company's stock after selling 8,002 shares during the quarter. WealthPLAN Partners LLC's holdings in FMC were worth $939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FMC. State Street Corp lifted its stake in shares of FMC by 27.3% in the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company's stock valued at $417,151,000 after purchasing an additional 1,343,615 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FMC by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company's stock worth $74,931,000 after purchasing an additional 20,350 shares during the period. New South Capital Management Inc. raised its holdings in FMC by 1.5% in the third quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company's stock valued at $43,915,000 after acquiring an additional 9,834 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of FMC by 8.5% during the 4th quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company's stock worth $28,634,000 after purchasing an additional 46,137 shares during the last quarter. Finally, Ilex Capital Partners UK LLP lifted its holdings in FMC by 2,129.4% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company's stock worth $29,037,000 after buying an additional 420,601 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Trading Down 0.8 %

Shares of FMC traded down $0.32 on Wednesday, hitting $37.69. 2,516,925 shares of the stock traded hands, compared to its average volume of 3,053,059. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72. The firm has a market capitalization of $4.71 billion, a P/E ratio of 13.86, a P/E/G ratio of 1.82 and a beta of 0.84. The stock's 50 day moving average is $48.60 and its two-hundred day moving average is $57.09. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. As a group, sell-side analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date was Tuesday, December 31st. FMC's dividend payout ratio (DPR) is presently 85.29%.

Analyst Ratings Changes

FMC has been the subject of several recent analyst reports. Redburn Atlantic downgraded shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a research report on Friday, February 14th. StockNews.com downgraded FMC from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. KeyCorp dropped their price target on shares of FMC from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Tuesday. Barclays dropped their price objective on FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, BMO Capital Markets dropped their target price on shares of FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, FMC currently has an average rating of "Hold" and an average target price of $52.23.

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now directly owns 25,468 shares of the company's stock, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by 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.