Wells Fargo & Company MN Sells 25,263 Shares of FMC Co. (NYSE:FMC)

Wells Fargo & Company MN reduced its stake in shares of FMC Co. (NYSE:FMC - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 286,029 shares of the basic materials company's stock after selling 25,263 shares during the period. Wells Fargo & Company MN owned approximately 0.23% of FMC worth $13,904,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FMC. Golden State Wealth Management LLC bought a new position in FMC during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC grew its stake in shares of FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after buying an additional 511 shares in the last quarter. IFP Advisors Inc raised its position in FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after acquiring an additional 379 shares in the last quarter. Principal Securities Inc. raised its stake in FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 255 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in FMC during the 3rd quarter valued at $58,000. Institutional investors own 91.86% of the company's stock.

FMC Stock Performance

Shares of FMC traded up $0.53 on Friday, reaching $37.79. 1,140,476 shares of the company's stock traded hands, compared to its average volume of 2,034,418. The stock's 50 day simple moving average is $38.95 and its two-hundred day simple moving average is $50.08. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a 52-week low of $32.83 and a 52-week high of $68.72. The stock has a market cap of $4.72 billion, a PE ratio of 13.89, a PEG ratio of 1.90 and a beta of 0.83.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share 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%. On average, analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 6.14%. FMC's payout ratio is 85.29%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Redburn Atlantic cut shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target on the stock. in a report on Friday, February 14th. BMO Capital Markets decreased their price target on shares of FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. UBS Group cut shares of FMC from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $66.00 to $38.00 in a research note on Friday, February 7th. Bank of America reaffirmed an "underperform" rating and issued a $48.00 target price (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. Finally, StockNews.com cut FMC from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.31.

Insider Activity at FMC

In other news, Director Carol Anthony Davidson bought 6,000 shares of FMC stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $223,980. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

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.