Autumn Glory Partners LLC Cuts Stock Position in Southern Copper Co. (NYSE:SCCO)

Autumn Glory Partners LLC cut its holdings in Southern Copper Co. (NYSE:SCCO) by 49.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,687 shares of the basic materials company’s stock after selling 2,655 shares during the quarter. Autumn Glory Partners LLC’s holdings in Southern Copper were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its stake in Southern Copper by 172.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after buying an additional 141 shares during the period. McClarren Financial Advisors Inc. boosted its stake in Southern Copper by 169.2% during the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after buying an additional 181 shares during the period. Oakworth Capital Inc. purchased a new position in Southern Copper during the third quarter worth $42,000. Prospera Private Wealth LLC purchased a new position in Southern Copper during the third quarter worth $47,000. Finally, Larson Financial Group LLC boosted its stake in Southern Copper by 578.3% during the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock worth $47,000 after buying an additional 347 shares during the period. 7.94% of the stock is owned by hedge funds and other institutional investors.

Southern Copper Stock Down 0.4 %

NYSE:SCCO opened at $97.41 on Friday. Southern Copper Co. has a twelve month low of $78.82 and a twelve month high of $129.79. The company has a market cap of $76.52 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. The stock has a fifty day simple moving average of $95.30 and a 200-day simple moving average of $102.10. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a net margin of 27.67% and a return on equity of 37.11%. Analysts anticipate that Southern Copper Co. will post 4.38 EPS for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be issued a $0.70 dividend. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, February 11th. Southern Copper’s payout ratio is presently 72.09%.

Analysts Set New Price Targets

SCCO has been the subject of several recent analyst reports. Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price for the company in a research report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $94.81.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.