Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Freeport-McMoRan Inc. (NYSE:FCX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Freeport-McMoRan Inc. (NYSE:FCX - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 841,093 shares of the natural resource company's stock, valued at approximately $32,029,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Freeport-McMoRan at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC grew its position in shares of Freeport-McMoRan by 47.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 833 shares of the natural resource company's stock worth $32,000 after acquiring an additional 268 shares during the last quarter. PFG Investments LLC grew its position in Freeport-McMoRan by 1.3% in the 4th quarter. PFG Investments LLC now owns 22,910 shares of the natural resource company's stock valued at $872,000 after buying an additional 283 shares in the last quarter. Palogic Value Management L.P. grew its position in Freeport-McMoRan by 1.5% in the 4th quarter. Palogic Value Management L.P. now owns 20,277 shares of the natural resource company's stock valued at $772,000 after buying an additional 292 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Freeport-McMoRan by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 36,514 shares of the natural resource company's stock valued at $1,451,000 after buying an additional 309 shares in the last quarter. Finally, Inspire Advisors LLC grew its position in Freeport-McMoRan by 2.6% in the 4th quarter. Inspire Advisors LLC now owns 12,965 shares of the natural resource company's stock valued at $494,000 after buying an additional 325 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Stock Down 1.5%

Shares of FCX traded down $0.57 on Friday, hitting $38.46. The company's stock had a trading volume of 17,234,797 shares, compared to its average volume of 13,468,807. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. The firm's fifty day moving average price is $36.36 and its 200-day moving average price is $38.48. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $53.29. The firm has a market capitalization of $55.27 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 0.87 and a beta of 1.65.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The natural resource company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Freeport-McMoRan had a return on equity of 7.50% and a net margin of 7.42%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the firm earned $0.32 EPS. Freeport-McMoRan's quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities research analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.56%. Freeport-McMoRan's dividend payout ratio is presently 24.79%.

Wall Street Analysts Forecast Growth

FCX has been the subject of a number of recent analyst reports. Dbs Bank upgraded shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 10th. UBS Group reduced their price objective on shares of Freeport-McMoRan from $52.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on shares of Freeport-McMoRan from $52.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Hsbc Global Res upgraded shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Freeport-McMoRan presently has a consensus rating of "Moderate Buy" and an average target price of $48.36.

Freeport-McMoRan 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.