U.S. Capital Wealth Advisors LLC Acquires 27,976 Shares of Freeport-McMoRan Inc. $FCX

Key Points

• U.S. Capital Wealth Advisors LLC raised its stake in Freeport‑McMoRan (NYSE:FCX) by 9.6%, purchasing 27,976 shares and holding 319,230 shares valued at about $16.21 million at the end of the quarter.
• Insider selling has been substantial — the CAO and CFO recently disposed of large blocks, and insiders sold a total of 565,145 shares worth $35.84 million in the past 90 days, leaving insiders with roughly 0.75% ownership.
• Analyst sentiment is broadly positive: FCX has a consensus rating of Moderate Buy with an average price target of $63.11, and several firms (including JPMorgan) have raised targets or upgraded ratings recently.

U.S. Capital Wealth Advisors LLC raised its holdings in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 319,230 shares of the natural resource company's stock after buying an additional 27,976 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Freeport-McMoRan were worth $16,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FCX. Steigerwald Gordon & Koch Inc. bought a new stake in Freeport-McMoRan in the third quarter valued at approximately $25,000. Salomon & Ludwin LLC raised its stake in Freeport-McMoRan by 1,962.9% in the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company's stock valued at $29,000 after buying an additional 687 shares during the period. JPL Wealth Management LLC bought a new stake in Freeport-McMoRan in the third quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Freeport-McMoRan in the third quarter valued at approximately $36,000. Finally, Proffitt & Goodson Inc. raised its stake in Freeport-McMoRan by 39.8% in the third quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company's stock valued at $38,000 after buying an additional 278 shares during the period. Institutional investors own 80.77% of the company's stock.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: JPMorgan raised its price target to $76 and kept an overweight rating, giving the shares fresh upside from a major bank’s view. JPMorgan Adjusts PT on Freeport-McMoRan
• Positive Sentiment: Billions under management: Millennium Management (Israel Englander) continues to hold FCX in its top-10 portfolio, signaling long-term institutional conviction. That endorsement supports investor confidence. Israel Englander Remains Bullish on This Stock
• Positive Sentiment: Barron’s highlights miners like Freeport as beneficiaries if geopolitical fears ease and copper resumes its rally — a directional bullish thesis tied to commodity fundamentals and risk sentiment. Copper Is a ‘Peace' Commodity. Own These Miners in a Market Recovery.
• Positive Sentiment: Fundamental support: commentary and screens (Zacks/Yahoo) note FCX’s history of earnings beats and strong recent returns, which can sustain momentum traders and buy-the-rumor flows. Will Freeport-McMoRan (FCX) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: RBC reiterated a Hold rating, which tempers the buy-side enthusiasm and signals mixed analyst views on valuation and near-term catalysts. RBC Capital Sticks to Its Hold Rating for Freeport-McMoRan (FCX)
• Neutral Sentiment: Several valuation pieces ask whether the recent ~100%+ one-year rally has already priced in the copper story, creating cautious positioning among value-focused investors. Is It Too Late To Consider Freeport McMoRan (FCX) After A 115% One Year Rally
• Negative Sentiment: Bear case: a recent Seeking Alpha piece argues the copper rally should be faded and cautions on upside from current levels — a viewpoint that can pressure momentum traders if it gains traction. Freeport-McMoRan: Fade The Copper Rally

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FCX shares. Freedom Capital raised Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research report on Saturday, February 21st. CICC Research upped their target price on Freeport-McMoRan from $50.40 to $64.40 and gave the company an "outperform" rating in a research report on Monday, January 26th. HSBC upped their target price on Freeport-McMoRan from $48.00 to $69.00 and gave the company a "buy" rating in a research report on Tuesday, January 20th. BNP Paribas Exane upped their target price on Freeport-McMoRan from $56.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Freeport-McMoRan currently has a consensus rating of "Moderate Buy" and an average price target of $63.11.

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 29,654 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $63.00, for a total value of $1,868,202.00. Following the sale, the chief accounting officer owned 76,445 shares of the company's stock, valued at approximately $4,816,035. This trade represents a 27.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Maree E. Robertson sold 48,500 shares of the firm's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $61.55, for a total value of $2,985,175.00. Following the completion of the sale, the chief financial officer directly owned 79,894 shares in the company, valued at approximately $4,917,475.70. This represents a 37.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 565,145 shares of company stock worth $35,839,918 in the last 90 days. Corporate insiders own 0.75% of the company's stock.

Freeport-McMoRan Trading Up 2.2%

Shares of NYSE:FCX opened at $67.90 on Friday. The company has a market capitalization of $97.59 billion, a P/E ratio of 44.97, a P/E/G ratio of 0.80 and a beta of 1.48. Freeport-McMoRan Inc. has a 1 year low of $31.85 and a 1 year high of $69.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The business's 50 day simple moving average is $61.47 and its 200 day simple moving average is $51.85.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.19. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, research analysts anticipate that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, April 15th. Freeport-McMoRan's dividend payout ratio is 19.87%.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.

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