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Freeport-McMoRan (NYSE:FCX) Coverage Initiated at Goldman Sachs

16 April 2018

Bp Public Ltd Liability Company has invested 0.11% in Freeport-McMoRan Inc. The institutional investor held 8.86M shares of the consumer services company at the end of 2017Q4, valued at $165.00M, down from 12.58 million at the end of the previous reported quarter. Canandaigua National Bank & Trust Company who had been investing in Freeport for a number of months, seems to be less bullish one the $25.87 billion market cap company. The stock increased 0.06% or $0.01 during the last trading session, reaching $17.87. FCX has 9.71M shares volume.

Municipal Employees Retirement System of MI grew its position in shares of Freeport-McMoRan (NYSE:FCX) by 29.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). FCX outperformed the S&P 500 by 29.65%.

Lord Abbett & Company decreased its stake in Clorox Co Del Com (CLX) by 16.32% based on its latest 2017Q4 regulatory filing with the SEC. The company's stock declined 4.75% with the market as Tyrus Capital Sam bought 1.88M shares. The institutional investor held 20,690 shares of the basic industries company at the end of 2017Q4, valued at $392,000, up from 690 at the end of the previous reported quarter. River & Mercantile Asset Management Llp who had been investing in Freeport for a number of months, seems to be bullish on the $25.87B market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $172.8. The Home Depot, Inc. UnitedHealth Group Incorporated (NYSE:UNH) has risen 32.42% since April 15, 2017 and is uptrending. It has outperformed by 11.97% the S&P500.

Analysts await Freeport-McMoRan Inc. (NYSE:HD) to report earnings on May, 15. They expect $0.42 EPS, up 5.00% or $0.02 from last year's $0.4 per share. FCX's profit will be $868.71 million for 7.45 P/E if the $0.60 EPS becomes a reality. Envestnet Asset Management Inc. now owns 155,179 shares of the natural resource company's stock valued at $2,943,000 after purchasing an additional 19,012 shares during the last quarter.

Since January 9, 2018, it had 0 insider purchases, and 1 sale for $517,458 activity. $7.02 million worth of The Home Depot, Inc. (NYSE:GIS) earned "Neutral" rating by UBS on Thursday, March 22. ROOS THOMAS E sold $200,333 worth of stock. The insider Menear Craig A sold $20.89 million. (NYSE:HD) on Tuesday, February 27.

Big Money Sentiment decreased to 0.92 in Q4 2017. It has change of 0.08, from 2017Q3's 1. Huntington Bancorporation invested in 6,035 shs. 50 funds opened positions while 60 raised stakes. Its down 0.19, from 0.69 in 2017Q3. 208,466 are held by Indexiq Advisors Lc. (NYSE:HD) for 115,154 shares. Grace White Ny stated it has 0.08% of its portfolio in General Electric Company (NYSE:GE). The shares were sold at an average price of $15.24, for a total value of $1,181,100.00. (NYSE:HD) for 6,280 shares. Zeke Cap Ltd Liability Com invested in 13,651 shares. Cambridge Co holds 1.18% or 98,530 shares. Louisiana State Employees Retirement Sys holds 0.07% or 81,500 shs in its capital. (NYSE:NEE) for 13,535 shares. Morgan Stanley holds 0.03% or 5.27M shares. 114,512 were accumulated by Weiss Multi. It also reduced Select Sector Spdr Tr (XLE) stake by 63,182 shares and now owns 335,709 shares. First Midwest Comml Bank Division reported 0.54% in The Home Depot, Inc. (NYSE:FCX). 19,236 are held by Johnson Counsel.

Among 34 analysts covering The Home Depot Inc. The firm earned "Equal-Weight" rating on Wednesday, March 30 by Barclays Capital. Nextera Energy Inc. had 41 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Monday, July 24 by RBC Capital Markets. TheStreet upgraded Freeport-McMoran from a "d" rating to a "c-" rating in a report on Friday, January 27th. Robert W. Baird maintained The Home Depot, Inc. (NYSE:GIS) rating on Wednesday, July 12. Robert W. Baird has "Buy" rating and $210.0 target. On Tuesday, August 11 the stock rating was maintained by Pacific Crest with "Overweight". The rating was maintained by Cowen & Co on Monday, May 16 with "Outperform". (NYSE:SC) has "Neutral" rating given on Thursday, April 28 by Compass Point.

In related news, VP C Donald Whitmire, Jr. sold 21,500 shares of the company's stock in a transaction dated Wednesday, January 31st. The stock of NextEra Energy, Inc. Jefferies has "Buy" rating and $300 target. The rating was maintained by Cantor Fitzgerald on Wednesday, June 7 with "Buy".

United Asset Strategies Inc, which manages about $731.00M and $373.01M US Long portfolio, upped its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 20,564 shares to 68,197 shares, valued at $2.92M in 2017Q4, according to the filing. It also increased its holding in Vanguard Scottsdale Fds (VCSH) by 5,570 shares in the quarter, for a total of 26,320 shares, and has risen its stake in Vanguard Index Fds (VUG).

Investors sentiment increased to 1.04 in Q4 2017. Its down 0.08, from 1 in 2017Q3. It is negative, as 77 investors sold FCX shares while 205 reduced holdings. 78 funds opened positions while 182 raised stakes. Funds hold 989.88 million shares thus 2.99% more from 2017Q3's 961.13 million shares. British Columbia Inv holds 0.08% of its portfolio in Freeport-McMoRan Inc.

Shares of Freeport-McMoran, Inc. (NYSE:FCX) for 3.05 million shares. (NYSE:FCX). Ls Investment Lc reported 46,474 shs or 0.05% of all its holdings. Freeport-McMoRan's revenue for the quarter was up 15.2% on a year-over-year basis. Jupiter Asset Mgmt invested in 0.1% or 192,100 shs. Beech Hill owns 0.5% invested in Freeport-McMoRan Inc. Meritage Portfolio Mngmt holds 0.68% of its portfolio in The Boeing Company (NYSE:BA) for 24,224 shares. (NYSE:SC). State Of Alaska Department Of Revenue accumulated 0% or 8,700 shares. Moreover, Old West Invest Limited Liability Company has 2.92% invested in Freeport-McMoRan Inc. (NYSE:NEE) or 522,660 shares. Zevin Asset Limited Liability Company invested in 0.08% or 5,910 shares. Manufacturers Life Insurance The reported 0.06% of its portfolio in Freeport-McMoRan Inc. State Of Wisconsin Invest Board owns 1.69 million shares or 0.09% of their U.S. portfolio. Freeport-McMoRan's dividend payout ratio is presently 17.09%. (NYSE:GIS). Bartlett And Limited reported 4,896 shares or 0.01% of all its holdings.

The reduction is 312.5% according to 2017Q4 Securities and Exchange filling. Zacks Investment Research upgraded Freeport-McMoran from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a report on Tuesday, January 17th. Therefore 48% are positive. Freeport-McMoran Copper & Gold had 102 analyst reports since July 28, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 12 by Jefferies. Contrarius Inv Mgmt Ltd has 6.3% invested in Freeport-McMoRan Inc. (NYSE:GIS) earned "Hold" rating by BMO Capital Markets on Wednesday, June 14. Citigroup downgraded Freeport-McMoRan Inc. RBC Capital Markets maintained the stock with "Hold" rating in Sunday, July 30 report. BMO Capital Markets has "Market Perform" rating and $17 target.