U.S. Capital Wealth Advisors LLC Sells 11,820 Shares of Southern Copper Co. (NYSE:SCCO)

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,843 shares of the basic materials company's stock after selling 11,820 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Southern Copper were worth $13,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SCCO. Creative Financial Designs Inc. ADV increased its holdings in shares of Southern Copper by 172.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company's stock worth $26,000 after purchasing an additional 141 shares during the period. McClarren Financial Advisors Inc. raised its holdings in shares of Southern Copper by 169.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of Southern Copper during the 3rd quarter valued at about $42,000. Prospera Private Wealth LLC bought a new position in shares of Southern Copper in the third quarter worth approximately $47,000. Finally, Larson Financial Group LLC increased its position in shares of Southern Copper by 578.3% in the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company's stock worth $47,000 after purchasing an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 7.94% of the company's stock.

Southern Copper Trading Down 1.0 %

Shares of NYSE:SCCO traded down $0.96 on Friday, reaching $91.69. 1,217,091 shares of the company traded hands, compared to its average volume of 961,267. Southern Copper Co. has a 52 week low of $77.42 and a 52 week high of $129.79. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The business's 50-day simple moving average is $96.39 and its 200 day simple moving average is $102.76. The stock has a market capitalization of $72.02 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's dividend payout ratio is 72.09%.

Analyst Ratings Changes

A number of research firms have commented on SCCO. JPMorgan Chase & Co. raised shares of Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 price target for the company in a research note on Monday, December 2nd. Morgan Stanley upgraded shares of Southern Copper from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Finally, Scotiabank lowered their price target on Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating on the stock in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $94.81.

About Southern Copper

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.