Strengthening Families & Communities LLC Decreases Position in Southern Copper Co. (NYSE:SCCO)

Strengthening Families & Communities LLC lowered its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,560 shares of the basic materials company's stock after selling 9,528 shares during the quarter. Southern Copper comprises 1.4% of Strengthening Families & Communities LLC's investment portfolio, making the stock its 22nd biggest holding. Strengthening Families & Communities LLC's holdings in Southern Copper were worth $2,420,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of Southern Copper by 10.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,963,572 shares of the basic materials company's stock worth $342,796,000 after purchasing an additional 283,562 shares in the last quarter. abrdn plc boosted its position in shares of Southern Copper by 4.4% during the 4th quarter. abrdn plc now owns 2,849,638 shares of the basic materials company's stock worth $260,428,000 after purchasing an additional 118,909 shares in the last quarter. State Street Corp boosted its position in shares of Southern Copper by 1.0% during the 3rd quarter. State Street Corp now owns 2,728,802 shares of the basic materials company's stock worth $315,641,000 after purchasing an additional 27,358 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Southern Copper by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company's stock worth $162,283,000 after purchasing an additional 599,610 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its position in shares of Southern Copper by 3.3% during the 3rd quarter. Empower Advisory Group LLC now owns 1,004,060 shares of the basic materials company's stock worth $116,140,000 after purchasing an additional 32,314 shares in the last quarter. Institutional investors own 7.94% of the company's stock.

Southern Copper Stock Down 0.4 %

NYSE:SCCO traded down $0.43 on Friday, hitting $97.41. The stock had a trading volume of 1,946,863 shares, compared to its average volume of 1,198,882. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The stock has a market cap of $76.52 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. Southern Copper Co. has a 1 year low of $78.82 and a 1 year high of $129.79. The firm's fifty day simple moving average is $95.30 and its two-hundred day simple moving average is $102.10.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a net margin of 27.67% and a return on equity of 37.11%. Analysts predict that Southern Copper Co. will post 4.38 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be paid a $0.70 dividend. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.80 annualized dividend and a yield of 2.87%. Southern Copper's dividend payout ratio (DPR) is 72.09%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SCCO. Morgan Stanley raised shares of Southern Copper from an "underweight" rating to an "equal weight" rating and cut their price objective for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 target price on the stock in a report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Southern Copper presently has a consensus rating of "Hold" and a consensus price target of $94.81.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.