BB&T Securities LLC Reduces Holdings in Freeport-McMoran, Inc. (FCX)

BB&T Securities LLC decreased its holdings in Freeport-McMoran, Inc. (NYSE:FCX) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,920 shares of the natural resource company’s stock after selling 4,635 shares during the period. BB&T Securities LLC’s holdings in Freeport-McMoran were worth $1,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Freeport-McMoran by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,502,519 shares of the natural resource company’s stock worth $1,675,425,000 after purchasing an additional 6,510,840 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Freeport-McMoran by 18.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,292,902 shares of the natural resource company’s stock worth $341,073,000 after purchasing an additional 3,724,271 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Freeport-McMoran by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,521,016 shares of the natural resource company’s stock worth $138,385,000 after purchasing an additional 944,896 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Freeport-McMoran by 18.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 8,810,911 shares of the natural resource company’s stock worth $105,819,000 after purchasing an additional 1,391,459 shares during the last quarter. Finally, BT Investment Management Ltd lifted its position in shares of Freeport-McMoran by 6.4% during the 3rd quarter. BT Investment Management Ltd now owns 8,402,905 shares of the natural resource company’s stock worth $118,048,000 after purchasing an additional 507,722 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company’s stock.

Several equities research analysts have recently issued reports on FCX shares. Vertical Research reaffirmed a “buy” rating and set a $20.00 price objective on shares of Freeport-McMoran in a research report on Tuesday, August 29th. Jefferies Group set a $18.00 price objective on shares of Freeport-McMoran and gave the stock a “buy” rating in a research report on Monday, August 28th. ValuEngine raised shares of Freeport-McMoran from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Freeport-McMoran from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $14.00 price objective on shares of Freeport-McMoran and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.57.

Shares of Freeport-McMoran, Inc. (FCX) traded up $0.24 on Thursday, reaching $14.35. 22,659,300 shares of the company were exchanged, compared to its average volume of 21,053,252. Freeport-McMoran, Inc. has a 52-week low of $11.05 and a 52-week high of $17.06. The stock has a market capitalization of $20,425.49, a PE ratio of 15.51 and a beta of 2.56. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 1.23.

Freeport-McMoran (NYSE:FCX) last announced its quarterly earnings results on Wednesday, October 25th. The natural resource company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Freeport-McMoran had a net margin of 6.20% and a return on equity of 13.35%. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the previous year, the company earned $0.13 earnings per share. Freeport-McMoran’s quarterly revenue was up 11.2% compared to the same quarter last year. analysts anticipate that Freeport-McMoran, Inc. will post 1.07 earnings per share for the current fiscal year.

WARNING: “BB&T Securities LLC Reduces Holdings in Freeport-McMoran, Inc. (FCX)” was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3079678/bbt-securities-llc-reduces-holdings-in-freeport-mcmoran-inc-fcx.html.

Freeport-McMoran Company Profile

Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

Institutional Ownership by Quarter for Freeport-McMoran (NYSE:FCX)

Receive News & Ratings for Freeport-McMoran Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freeport-McMoran Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.