Axa trimmed its holdings in Southern Copper Corp (NYSE:SCCO) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 214,636 shares of the basic materials company’s stock after selling 4,234 shares during the quarter. Axa’s holdings in Southern Copper were worth $10,184,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of SCCO. Vanguard Group Inc. boosted its stake in Southern Copper by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 751,901 shares of the basic materials company’s stock worth $26,038,000 after purchasing an additional 13,612 shares during the period. Dimensional Fund Advisors LP boosted its stake in Southern Copper by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 279,380 shares of the basic materials company’s stock worth $9,675,000 after purchasing an additional 703 shares during the period. Nationwide Fund Advisors bought a new position in Southern Copper in the 3rd quarter worth approximately $4,589,000. Crossmark Global Holdings Inc. bought a new position in Southern Copper in the 3rd quarter worth approximately $596,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Southern Copper by 33.8% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,046 shares of the basic materials company’s stock worth $399,000 after purchasing an additional 2,539 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.
In related news, Director Bonilla Luis Miguel Palomino sold 600 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $52.30, for a total transaction of $31,380.00. Following the sale, the director now owns 5,614 shares in the company, valued at approximately $293,612.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.
Shares of Southern Copper Corp (NYSE SCCO) opened at $54.56 on Monday. The stock has a market capitalization of $42,180.00, a P/E ratio of 27.84 and a beta of 0.48. Southern Copper Corp has a twelve month low of $32.63 and a twelve month high of $55.52. The company has a current ratio of 2.71, a quick ratio of 2.00 and a debt-to-equity ratio of 0.97.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. This is a boost from Southern Copper’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 12th. Southern Copper’s dividend payout ratio is 61.22%.
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Southern Copper Profile
Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.
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