Freeport-McMoRan Inc. $FCX Shares Sold by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors reduced its FCX position by 30.7% in the third quarter, selling 20,513 shares and retaining 46,252 shares valued at approximately $3.24 million. Institutional investors still own 80.77% of Freeport-McMoRan.
• Freeport-McMoRan shares fell 5.6% to $62.44, despite the company reporting quarterly EPS of $0.88, ahead of the $0.82 analyst estimate, and revenue of $7.55 billion, up 8.2% year over year.
• The company declared a quarterly dividend of $0.075 per share, equal to an annualized $0.30 and a 0.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $75.67.

Soltis Investment Advisors LLC cut its position in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 30.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,252 shares of the natural resource company's stock after selling 20,513 shares during the quarter. Soltis Investment Advisors LLC's holdings in Freeport-McMoRan were worth $3,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FCX. State Street Corp increased its holdings in shares of Freeport-McMoRan by 3.6% in the second quarter. State Street Corp now owns 66,485,424 shares of the natural resource company's stock worth $4,181,268,000 after purchasing an additional 2,300,416 shares during the period. Bank of America Corp DE grew its position in Freeport-McMoRan by 20.0% during the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company's stock worth $2,489,069,000 after buying an additional 7,044,775 shares in the last quarter. Wellington Management Group LLP grew its position in Freeport-McMoRan by 13.8% during the second quarter. Wellington Management Group LLP now owns 14,918,066 shares of the natural resource company's stock worth $938,197,000 after buying an additional 1,810,698 shares in the last quarter. Amundi grew its position in Freeport-McMoRan by 10.5% during the second quarter. Amundi now owns 11,819,898 shares of the natural resource company's stock worth $743,353,000 after buying an additional 1,125,982 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in Freeport-McMoRan in the 2nd quarter worth about $739,890,000. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Trading Down 5.6%

NYSE FCX opened at $62.44 on Friday. The company has a quick ratio of 0.92, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. The stock's 50-day simple moving average is $71.59 and its two-hundred day simple moving average is $65.24. Freeport-McMoRan Inc. has a twelve month low of $38.54 and a twelve month high of $80.24. The company has a market capitalization of $89.66 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 0.61 and a beta of 1.39.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. The firm had revenue of $7.55 billion during the quarter, compared to analysts' expectations of $7.36 billion. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. Research analysts forecast that Freeport-McMoRan Inc. will post 3.04 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a $0.0750 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan's payout ratio is presently 12.61%.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 4,773 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $334,110.00. Following the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen T. Higgins sold 14,277 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total transaction of $992,251.50. Following the transaction, the chief accounting officer directly owned 54,618 shares in the company, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 102,848 shares of company stock worth $7,911,621. 0.73% of the stock is owned by corporate insiders.

Key Freeport-McMoRan News

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Analysts Set New Price Targets

FCX has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Freeport-McMoRan from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday. Stifel Nicolaus boosted their price objective on Freeport-McMoRan from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Wall Street Zen cut shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Morgan Stanley raised their target price on shares of Freeport-McMoRan from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 7th. Finally, UBS Group lowered their target price on shares of Freeport-McMoRan from $88.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Freeport-McMoRan currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.67.

About Freeport-McMoRan

Freeport-McMoRan Inc NYSE: FCX is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.

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