JP Morgan Upgrades Freeport-McMoRan (SNSE:FCX)
Fintel reports that on March 20, 2025, JP Morgan upgraded their outlook[1] for Freeport-McMoRan (SNSE:FCX[2]) from Neutral to Overweight. What is the Fund Sentiment? There are 2,419 funds or institutions reporting positions[3] in Freeport-McMoRan.
This is an decrease of 84 owner(s) or 3.36% in the last quarter. Average portfolio weight of all funds dedicated to FCX is 0.34%, an increase of 1,437.95%. Total shares owned by institutions increased in the last three months by 2.63% to 1,431,732K shares.
What are Other Shareholders Doing?
Capital Research Global Investors holds 77,313K shares representing 5.38% ownership of the company. In its prior filing, the firm reported owning 83,406K shares , representing a decrease of 7.88%.
The firm decreased its portfolio allocation in FCX by 30.05% over the last quarter. Fisher Asset Management holds 59,365K shares representing 4.13% ownership of the company. In its prior filing, the firm reported owning 59,409K shares , representing a decrease of 0.08%.
The firm decreased its portfolio allocation in FCX by 25.99% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 45,039K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 45,513K shares , representing a decrease of 1.05%.
The firm decreased its portfolio allocation in FCX by 25.61% over the last quarter. VFINX - Vanguard 500 Index Fund Investor Shares holds 38,896K shares representing 2.71% ownership of the company. In its prior filing, the firm reported owning 37,631K shares , representing an increase of 3.25%.
The firm decreased its portfolio allocation in FCX by 25.41% over the last quarter. Price T Rowe Associates holds 31,886K shares representing 2.22% ownership of the company. In its prior filing, the firm reported owning 26,150K shares , representing an increase of 17.99%.
The firm decreased its portfolio allocation in FCX by 6.87% over the last quarter. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more.
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This story originally appeared on Fintel[5].
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
References
- ^ outlook (fintel.io)
- ^ SNSE:FCX (fintel.io)
- ^ 2,419 funds or institutions reporting positions (fintel.io)
- ^ Click to Learn More (fintel.io)
- ^ Fintel (fintel.io)