Dakota Wealth Management Sells 5,987 Shares of Freeport-McMoRan Inc. (NYSE:FCX)

15 Jul 2025, 13:22 by Amy Steele · The Cerbat Gem

Dakota Wealth Management lessened its position in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,169 shares of the natural resource company’s stock after selling 5,987 shares during the period. Dakota Wealth Management’s holdings in Freeport-McMoRan were worth $3,111,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Freeport-McMoRan by 237.4% in the fourth quarter. Wellington Management Group LLP now owns 9,218,518 shares of the natural resource company’s stock worth $351,041,000 after purchasing an additional 6,486,011 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Freeport-McMoRan by 21.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,885,531 shares of the natural resource company’s stock valued at $1,214,203,000 after purchasing an additional 5,735,171 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Freeport-McMoRan by 38.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 16,273,162 shares of the natural resource company’s stock valued at $619,682,000 after buying an additional 4,488,210 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Freeport-McMoRan by 13.7% during the 1st quarter. Bank of New York Mellon Corp now owns 21,942,063 shares of the natural resource company’s stock worth $830,726,000 after buying an additional 2,642,810 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Freeport-McMoRan by 8.0% during the 4th quarter. Franklin Resources Inc. now owns 29,502,220 shares of the natural resource company’s stock worth $1,123,445,000 after buying an additional 2,191,926 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Trading Down 1.6%

Shares of FCX stock opened at $45.64 on Tuesday. The stock has a market capitalization of $65.59 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 0.88 and a beta of 1.64. The company’s fifty day simple moving average is $41.09 and its two-hundred day simple moving average is $38.54. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $52.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.32 and a quick ratio of 1.13.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The natural resource company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.36 billion. Freeport-McMoRan had a net margin of 7.11% and a return on equity of 7.03%. Freeport-McMoRan’s revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.32 earnings per share. As a group, analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. Freeport-McMoRan’s dividend payout ratio is 24.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FCX shares. Jefferies Financial Group reiterated a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Freeport-McMoRan in a research note on Friday, April 25th. Citigroup boosted their target price on shares of Freeport-McMoRan from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of Freeport-McMoRan from $42.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada lifted their price objective on shares of Freeport-McMoRan from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 4th. Finally, UBS Group lowered shares of Freeport-McMoRan from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $45.00 to $50.00 in a research note on Friday. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Freeport-McMoRan presently has an average rating of “Moderate Buy” and an average target price of $51.00.

View Our Latest Research Report on Freeport-McMoRan

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 8,584 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $40.02, for a total value of $343,531.68. Following the completion of the sale, the chief accounting officer directly owned 48,333 shares of the company’s stock, valued at $1,934,286.66. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.79% of the company’s stock.

Freeport-McMoRan Profile

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