Siemens Fonds Invest GmbH Has $1.47 Million Stock Holdings in Freeport-McMoRan Inc. (NYSE:FCX)

Siemens Fonds Invest GmbH cut its stake in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,589 shares of the natural resource company's stock after selling 15,873 shares during the period. Siemens Fonds Invest GmbH's holdings in Freeport-McMoRan were worth $1,469,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new stake in Freeport-McMoRan in the fourth quarter valued at $25,000. Mizuho Bank Ltd. acquired a new stake in Freeport-McMoRan in the fourth quarter valued at $26,000. Vision Financial Markets LLC acquired a new stake in Freeport-McMoRan in the fourth quarter valued at $27,000. Roxbury Financial LLC acquired a new stake in Freeport-McMoRan in the fourth quarter valued at $28,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Freeport-McMoRan during the fourth quarter worth $29,000. 80.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on FCX shares. JPMorgan Chase & Co. dropped their target price on shares of Freeport-McMoRan from $52.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group reissued a "buy" rating and set a $50.00 target price (up from $48.00) on shares of Freeport-McMoRan in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft raised shares of Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a report on Thursday, March 6th. StockNews.com cut shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, Raymond James reissued an "outperform" rating and set a $52.00 target price on shares of Freeport-McMoRan in a report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Freeport-McMoRan currently has an average rating of "Moderate Buy" and a consensus price target of $48.36.

Freeport-McMoRan Price Performance

FCX traded down $0.43 on Tuesday, reaching $38.37. The company had a trading volume of 7,847,963 shares, compared to its average volume of 13,588,529. The company has a fifty day moving average of $36.55 and a 200-day moving average of $38.81. The company has a market capitalization of $55.14 billion, a P/E ratio of 29.74, a PEG ratio of 0.87 and a beta of 1.65. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. Freeport-McMoRan Inc. has a one year low of $27.66 and a one year high of $54.95.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last posted 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. Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the firm earned $0.32 earnings per share. The business's quarterly revenue was down 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, April 15th. Freeport-McMoRan's payout ratio is presently 24.79%.

Freeport-McMoRan Company 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.