Freeport-McMoRan Inc. $FCX Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. trimmed its position in Freeport-McMoRan Inc. (NYSE:FCX) by 19.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,053 shares of the natural resource company’s stock after selling 10,601 shares during the quarter. Wedbush Securities Inc.’s holdings in Freeport-McMoRan were worth $1,728,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FCX. Steigerwald Gordon & Koch Inc. acquired a new stake in Freeport-McMoRan during the 3rd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Freeport-McMoRan in the second quarter worth $28,000. Salomon & Ludwin LLC raised its holdings in shares of Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 687 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Freeport-McMoRan during the third quarter valued at $36,000. Finally, Proffitt & Goodson Inc. boosted its holdings 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 purchasing an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

More Freeport-McMoRan News

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

• Positive Sentiment: Stifel Nicolaus raised its price target on FCX from $52 to $76 and kept a “buy” rating — a meaningful upgrade that reinforces upside expectations and likely supported buying interest. Read More.
• Positive Sentiment: Zacks highlights that analysts have been raising earnings estimates for Freeport, suggesting upward earnings momentum that can justify higher valuations. Read More.
• Positive Sentiment: Coverage and at least one analyst upgrade earlier this week pushed the stock higher intraday (reports noted a ~3.4% move on an upgrade), showing broker conviction can drive near-term gains. Read More.
• Neutral Sentiment: Market commentary asks whether the stock is still attractive after a large one‑year rally (~75%), a framing piece for investors debating buy vs. profit‑taking. Read More.
• Neutral Sentiment: Several momentum/strategy pieces highlight FCX as a long‑term momentum name, increasing visibility but not serving as a direct catalyst. Read More.
• Negative Sentiment: Chairman Richard Adkerson executed large share sales (including a 248,031‑share block reported Feb. 10 and further sales on Feb. 11); sizeable insider dispositions often trigger short‑term selling pressure. Read More.
• Negative Sentiment: EVP Douglas Currault II sold 75,000 shares (~$4.84M), disclosed in SEC filings; another material insider sale that can amplify profit‑taking concerns. Read More.
• Negative Sentiment: Zacks flags Grasberg operational setbacks that cut Q4 volumes (lower copper/gold shipments despite stronger realized prices), a production risk investors need to monitor. Read More.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FCX shares. Jefferies Financial Group reissued a “buy” rating and issued a $68.00 price objective on shares of Freeport-McMoRan in a report on Monday, January 5th. Wall Street Zen raised Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. CICC Research upped their price objective on Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Stifel Nicolaus lifted their target price on shares of Freeport-McMoRan from $52.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley set a $70.00 price target on shares of Freeport-McMoRan in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.35.

Freeport-McMoRan Trading Down 5.3%

Shares of NYSE:FCX opened at $62.01 on Friday. The business’s 50 day moving average price is $55.59 and its 200-day moving average price is $46.68. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $69.44. The firm has a market capitalization of $89.03 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 0.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05.

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

Freeport-McMoRan Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, January 15th. Freeport-McMoRan’s payout ratio is presently 19.87%.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the completion of the transaction, the executive vice president owned 219,181 shares of the company’s stock, valued at $14,141,558.12. This represents a 25.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the completion of the transaction, the chief accounting officer owned 105,294 shares in the company, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 513,986 shares of company stock valued at $32,124,432 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

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.