21,777 Freeport-McMoRan Inc. $FCX Shares Sold by Philadelphia Trust Co.

Posted by Brian Himes on Nov 11th, 2026

Philadelphia Trust Co. decreased its position in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,457 shares of the natural resource company’s stock after selling 21,777 shares during the quarter. Philadelphia Trust Co.’s holdings in Freeport-McMoRan were worth $11,652,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FCX. Iowa State Bank raised its position in Freeport-McMoRan by 50.7% during the third quarter. Iowa State Bank now owns 50,144 shares of the natural resource company’s stock valued at $3,510,000 after purchasing an additional 16,868 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Freeport-McMoRan by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,687,524 shares of the natural resource company’s stock valued at $169,018,000 after purchasing an additional 117,888 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Freeport-McMoRan by 1.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,970,872 shares of the natural resource company’s stock valued at $627,068,000 after purchasing an additional 141,738 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Freeport-McMoRan by 17.1% in the 2nd quarter. HighTower Advisors LLC now owns 1,249,858 shares of the natural resource company’s stock valued at $78,604,000 after purchasing an additional 182,714 shares during the last quarter. Finally, Robinhood Asset Management LLC bought a new position in shares of Freeport-McMoRan in the 2nd quarter valued at $16,746,000. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock opened at $60.23 on Wednesday. Freeport-McMoRan Inc. has a fifty-two week low of $38.85 and a fifty-two week high of $80.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91. The firm has a market capitalization of $86.50 billion, a P/E ratio of 25.31, a P/E/G ratio of 0.58 and a beta of 1.38. The company’s 50 day moving average price is $69.25 and its two-hundred day moving average price is $65.29.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. The company had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. On average, equities analysts forecast that Freeport-McMoRan Inc. will post 3.02 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 15th were given a dividend of $0.0750 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s payout ratio is currently 12.61%.

Insiders Place Their Bets

In other news, EVP Douglas N. Currault II sold 80,000 shares of Freeport-McMoRan stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the sale, the executive vice president directly owned 211,016 shares of the company’s stock, valued at approximately $16,577,416.96. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lydia H. Kennard sold 3,798 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $79.11, for a total value of $300,459.78. Following the sale, the director owned 122,702 shares in the company, valued at approximately $9,706,955.22. This trade represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FCX. Wells Fargo & Company lowered their price target on Freeport-McMoRan from $87.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Sanford C. Bernstein reduced their price objective on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 9th. Scotiabank decreased their target price on Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 28th. BMO Capital Markets lifted their target price on Freeport-McMoRan from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, September 29th. Finally, Citigroup boosted their target price on Freeport-McMoRan from $66.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.30.

Read Our Latest Stock Analysis on Freeport-McMoRan

Freeport-McMoRan Company Profile

(Free Report)

Freeport-McMoRan Inc. is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy. The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile. Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.