Golden State Wealth Management LLC Invests $29,000 in FMC Co. (NYSE:FMC)

Golden State Wealth Management LLC acquired a new position in FMC Co. (NYSE:FMC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 604 shares of the basic materials company’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millburn Ridgefield Corp boosted its holdings in FMC by 186.2% during 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 period. First Horizon Advisors Inc. boosted its holdings in FMC by 90.8% during 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 period. Peterson Financial Group Inc. purchased a new stake in FMC in the 3rd quarter worth approximately $51,000. Brooklyn Investment Group bought a new stake in shares of FMC in the 3rd quarter worth approximately $52,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of FMC in the 3rd quarter worth approximately $58,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Up 3.9 %

Shares of NYSE FMC opened at $36.46 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.55 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. The stock’s fifty day simple moving average is $51.04 and its two-hundred day simple moving average is $58.05. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72.

FMC (NYSE:FMC) last issued its quarterly earnings data 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%. As a group, analysts expect that FMC Co. will post 3.53 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 6.36%. FMC’s dividend payout ratio (DPR) is 85.29%.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group lowered FMC from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $66.00 to $38.00 in a research report on Friday, February 7th. Morgan Stanley cut their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Vertical Research upgraded FMC to a “hold” rating in a research report on Wednesday, February 5th. Mizuho dropped their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays dropped their price target on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, FMC currently has an average rating of “Hold” and a consensus target price of $54.00.

About FMC

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.