Crossmark Global Holdings Inc. Has $603,000 Holdings in Southern Copper Co. (NYSE:SCCO)

Crossmark Global Holdings Inc. decreased its holdings in Southern Copper Co. (NYSE:SCCO) by 37.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,216 shares of the basic materials company’s stock after selling 3,076 shares during the period. Crossmark Global Holdings Inc.’s holdings in Southern Copper were worth $603,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. lifted its position in Southern Copper by 6.1% in the 1st quarter. Sei Investments Co. now owns 67,123 shares of the basic materials company’s stock worth $7,150,000 after buying an additional 3,833 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Southern Copper by 20.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 59,904 shares of the basic materials company’s stock valued at $6,381,000 after purchasing an additional 10,000 shares in the last quarter. TIAA Trust National Association acquired a new position in Southern Copper in the 1st quarter worth about $226,000. Edgestream Partners L.P. increased its position in Southern Copper by 68.2% in the 1st quarter. Edgestream Partners L.P. now owns 15,206 shares of the basic materials company’s stock worth $1,620,000 after purchasing an additional 6,164 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Southern Copper by 34.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,228 shares of the basic materials company’s stock worth $876,000 after purchasing an additional 2,111 shares in the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors.

Southern Copper Price Performance

Shares of SCCO stock opened at $99.22 on Friday. The firm has a market capitalization of $77.94 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.18. Southern Copper Co. has a 12-month low of $70.63 and a 12-month high of $129.79. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $109.62 and a 200-day moving average of $109.71.

Southern Copper Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 6th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s payout ratio is 72.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SCCO shares. Scotiabank cut their price objective on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, October 15th. Citigroup increased their price target on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their price target on shares of Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research report on Thursday, September 19th. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.63.

Southern Copper 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.