F M Investments LLC Has $3.67 Million Stock Position in Freeport-McMoRan Inc. (NYSE:FCX)

F M Investments LLC lifted its holdings in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 36.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 96,385 shares of the natural resource company's stock after acquiring an additional 25,869 shares during the quarter. F M Investments LLC's holdings in Freeport-McMoRan were worth $3,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Asset Planning Inc purchased a new stake in shares of Freeport-McMoRan in the fourth quarter worth $25,000. Mizuho Bank Ltd. purchased a new stake in Freeport-McMoRan during the fourth quarter valued at approximately $26,000. Vision Financial Markets LLC purchased a new position in shares of Freeport-McMoRan in the 4th quarter valued at approximately $27,000. Laurel Wealth Advisors LLC increased its stake in shares of Freeport-McMoRan by 487.8% in the fourth quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company's stock worth $28,000 after acquiring an additional 600 shares during the period. Finally, Roxbury Financial LLC purchased a new stake in shares of Freeport-McMoRan during the 4th quarter worth about $28,000. Institutional investors own 80.77% of the company's stock.

Freeport-McMoRan Stock Up 1.3 %

Freeport-McMoRan stock traded up $0.42 during trading hours on Wednesday, hitting $33.79. 7,001,565 shares of the stock traded hands, compared to its average volume of 13,888,164. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. The company has a market cap of $48.56 billion, a PE ratio of 26.19, a PEG ratio of 0.87 and a beta of 1.71. Freeport-McMoRan Inc. has a one year low of $27.66 and a one year high of $55.24. The firm's 50-day moving average price is $36.96 and its two-hundred day moving average price is $40.81.

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Freeport-McMoRan (NYSE:FCX - Get Free Report) last released its earnings results on Thursday, January 23rd. The natural resource company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. On average, research analysts forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.78%. Freeport-McMoRan's payout ratio is 23.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FCX. StockNews.com cut shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research note on Thursday, March 6th. Dbs Bank raised shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 10th. BMO Capital Markets cut their target price on Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Finally, UBS Group cut their price objective on shares of Freeport-McMoRan from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Freeport-McMoRan has an average rating of "Moderate Buy" and a consensus price target of $48.39.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.