Mitsubishi UFJ Trust & Banking Corp Has $29.76 Million Position in Freeport-McMoRan Inc. $FCX

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 585,998 shares of the natural resource company’s stock after selling 49,975 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Freeport-McMoRan were worth $29,763,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. KBC Group NV grew its stake in Freeport-McMoRan by 49.0% in the 4th quarter. KBC Group NV now owns 221,838 shares of the natural resource company’s stock valued at $11,267,000 after buying an additional 73,002 shares during the last quarter. Great Lakes Advisors LLC grew its stake in Freeport-McMoRan by 8.0% in the 3rd quarter. Great Lakes Advisors LLC now owns 1,551,258 shares of the natural resource company’s stock valued at $60,840,000 after buying an additional 115,285 shares during the last quarter. Summit Global Investments grew its stake in Freeport-McMoRan by 278.4% in the 3rd quarter. Summit Global Investments now owns 46,157 shares of the natural resource company’s stock valued at $1,810,000 after buying an additional 33,959 shares during the last quarter. Wellington Management Group LLP grew its stake in Freeport-McMoRan by 190.9% in the 3rd quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock valued at $1,431,326,000 after buying an additional 23,950,557 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Freeport-McMoRan in the 3rd quarter valued at $1,066,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Key Freeport-McMoRan News

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

• Positive Sentiment: MSN argues FCX is a top long‑term growth stock, highlighting strong copper demand from electrification, Freeport’s low‑cost assets and cash‑return potential—supporting a constructive multi‑year case for the stock. Why Freeport-McMoRan (FCX) is a top growth stock for the long term
• Neutral Sentiment: Zacks/Yahoo note heavy investor interest and recap key fundamentals: FCX posted an April quarter beat (EPS and revenue), analysts project continued earnings growth, and the stock’s near‑term moves will track copper prices, production/guidance and capital‑allocation updates. High search volume raises liquidity and attention but is not strictly directional. Investors Heavily Search Freeport-McMoRan Inc. (FCX): Here is What You Need to Know Investors Heavily Search (Yahoo)
• Neutral Sentiment: Exploration results from smaller copper juniors (C3 Metals, Max Resource) were reported this week. These industry news items increase sector visibility but are unlikely to materially affect Freeport’s fundamentals. C3 Metals Continues to Intersect Broad Zones of Near-Surface Copper Mineralization Max Reports High-Grade Channel Results
• Negative Sentiment: BNP Paribas Exane lowered its price target for FCX to $71 (from $75) while keeping an Outperform rating — a modest near‑term headwind as the trimmed PT reduces upside expectations. BNP Paribas adjusts price target on Freeport-McMoRan
• Negative Sentiment: CICC Research also cut its price target slightly (to $63.40 from $64.40) while retaining an Outperform rating — another signal of tempered near‑term upside despite continued analyst support. CICC adjusts price target on Freeport-McMoRan

Analyst Upgrades and Downgrades

FCX has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered their target price on shares of Freeport-McMoRan from $54.00 to $53.50 and set a “market perform” rating on the stock in a research note on Friday, April 24th. The Goldman Sachs Group lowered their target price on shares of Freeport-McMoRan from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. CICC Research lowered their target price on shares of Freeport-McMoRan from $64.40 to $63.40 and set an “outperform” rating on the stock in a research note on Tuesday. BNP Paribas Exane lowered their target price on shares of Freeport-McMoRan from $75.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Raymond James Financial reduced their price target on shares of Freeport-McMoRan from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.19.

Insider Buying and Selling at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 11,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $62.03, for a total transaction of $682,330.00. Following the completion of the transaction, the chief accounting officer owned 40,773 shares of the company’s stock, valued at approximately $2,529,149.19. This represents a 21.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maree E. Robertson sold 48,500 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $61.55, for a total transaction of $2,985,175.00. Following the transaction, the chief financial officer directly owned 79,894 shares of the company’s stock, valued at $4,917,475.70. The trade was a 37.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 565,145 shares of company stock valued at $35,839,918 in the last three months. Company insiders own 0.75% of the company’s stock.

Freeport-McMoRan Stock Down 2.4%

Shares of FCX opened at $56.83 on Thursday. The company has a 50-day simple moving average of $62.25 and a 200-day simple moving average of $54.21. The firm has a market capitalization of $81.68 billion, a P/E ratio of 30.23, a P/E/G ratio of 0.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.39. Freeport-McMoRan Inc. has a 52 week low of $34.45 and a 52 week high of $70.96.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.73 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities research analysts expect that Freeport-McMoRan Inc. will post 2.37 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is currently 15.96%.

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.