Proficio Capital Partners LLC Takes Position in FMC Co. (NYSE:FMC)

Proficio Capital Partners LLC purchased a new stake in shares of FMC Co. (NYSE:FMC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,965 shares of the basic materials company's stock, valued at approximately $1,505,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMC. Millburn Ridgefield Corp increased its stake in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company's stock worth $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock worth $34,000 after buying an additional 246 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in FMC during the 4th quarter worth approximately $29,000. Brooklyn Investment Group acquired a new position in shares of FMC during the third quarter valued at approximately $52,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of FMC in the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Trading Up 0.7 %

Shares of FMC traded up $0.28 during trading on Monday, reaching $41.79. 2,838,292 shares of the company traded hands, compared to its average volume of 1,899,449. The stock has a 50-day simple moving average of $44.12 and a 200-day simple moving average of $53.43. 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 Co. has a twelve month low of $33.80 and a twelve month high of $68.72. The stock has a market cap of $5.22 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

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FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, analysts anticipate that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Monday, March 31st. FMC's dividend payout ratio (DPR) is currently 85.29%.

Insiders Place Their Bets

In related news, Director Carol Anthony Davidson acquired 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $223,980. This represents a ∞ increase in their position. The purchase 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 the firm's 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 completion of the sale, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FMC shares. Wells Fargo & Company reissued a "cautious" rating on shares of FMC in a research note on Thursday, March 6th. Royal Bank of Canada lowered shares of FMC from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Barclays dropped their price objective on shares of FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. KeyCorp decreased their target price on shares of FMC from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup boosted their target price on FMC from $55.00 to $61.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $51.15.

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.