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As Freeport (FCX) Stock Value Declined, Corecommodity Management Has Cut Its Holding; Lenox Wealth Advisors Has Lifted Its Cisco Systems (CSCO) Position

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Lenox Wealth Advisors Inc increased its stake in Cisco Systems Inc (CSCO) by 62546.15% based on its latest 2017Q4 regulatory filing with the SEC. Lenox Wealth Advisors Inc bought 8,131 shares as the company’s stock rose 10.71% while stock markets declined. The institutional investor held 8,144 shares of the technology company at the end of 2017Q4, valued at $312,000, up from 13 at the end of the previous reported quarter. Lenox Wealth Advisors Inc who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $210.62 billion market cap company. The stock decreased 3.19% or $1.44 during the last trading session, reaching $43.72. About 27.92M shares traded or 10.96% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 17, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Corecommodity Management Llc decreased its stake in Freeport (FCX) by 97.55% based on its latest 2017Q4 regulatory filing with the SEC. Corecommodity Management Llc sold 83,830 shares as the company’s stock declined 4.75% with the market. The institutional investor held 2,108 shares of the basic industries company at the end of 2017Q4, valued at $40,000, down from 85,938 at the end of the previous reported quarter. Corecommodity Management Llc who had been investing in Freeport for a number of months, seems to be less bullish one the $24.42 billion market cap company. The stock increased 1.29% or $0.22 during the last trading session, reaching $16.85. About 7.24 million shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 41.20% since May 17, 2017 and is uptrending. It has outperformed by 29.65% the S&P500.

Corecommodity Management Llc, which manages about $5.19 billion and $120.71M US Long portfolio, upped its stake in Callon Pete Co Del (NYSE:CPE) by 41,992 shares to 76,204 shares, valued at $926,000 in 2017Q4, according to the filing. It also increased its holding in Franco Nevada Corp (NYSE:FNV) by 8,772 shares in the quarter, for a total of 15,178 shares, and has risen its stake in Pan American Silver Corp (NASDAQ:PAAS).

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.08, from 1 in 2017Q3. It worsened, as 77 investors sold FCX shares while 205 reduced holdings. 78 funds opened positions while 182 raised stakes. 989.88 million shares or 2.99% more from 961.13 million shares in 2017Q3 were reported. Rocky Mountain Advisers Ltd Liability Corporation accumulated 1,000 shares or 0.08% of the stock. Putnam Ltd Limited Liability Company holds 1.24 million shares. Bessemer Inc owns 2,480 shares. American Natl Registered Advisor has invested 0.11% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Asset Mgmt One Comm Limited owns 2.17 million shares. 31,725 were reported by Hollencrest Mgmt. Apg Asset Mgmt Nv invested in 0% or 164,300 shares. Legacy Cap Prtnrs Incorporated stated it has 20,380 shares or 0.19% of all its holdings. Numeric Invsts Llc accumulated 35,900 shares. Ftb Advsrs has invested 0% in Freeport-McMoRan Inc. (NYSE:FCX). Oakworth Capital owns 530 shares. Thompson Davis invested in 0.42% or 9,348 shares. 187,523 are owned by Mason Street Advsr Llc. Da Davidson And Co reported 207,547 shares stake. Moody National Bank & Trust Division holds 0.01% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 12,657 shares.

More important recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Seekingalpha.com which released: “Freeport-McMoRan: Weak Actions Hurting Stock” on April 25, 2018, also Seekingalpha.com published article titled: “Freeport-McMoRan: Indonesian-Related Sell-Off”, Seekingalpha.com published: “Freeport slips as Q1 earnings, revenues miss estimates” on April 24, 2018. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) was released by: Seekingalpha.com and their article: “Freeport-McMoRan Will Rebound” with publication date: May 03, 2018.

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on July, 24. They expect $0.59 earnings per share, up 247.06% or $0.42 from last year’s $0.17 per share. FCX’s profit will be $855.03M for 7.14 P/E if the $0.59 EPS becomes a reality. After $0.46 actual earnings per share reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts 28.26% EPS growth.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 13 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold had 106 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Monday, May 16 with “Outperform”. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Strong Sell” rating given on Tuesday, September 1 by Zacks. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Outperformer” rating by IBC on Wednesday, May 2. FBR Capital initiated Freeport-McMoRan Inc. (NYSE:FCX) rating on Friday, September 18. FBR Capital has “Mkt Perform” rating and $18 target. Barclays Capital maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Monday, May 2. Barclays Capital has “Equal Weight” rating and $10 target. The firm has “Buy” rating given on Monday, August 31 by Deutsche Bank. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. The firm has “Sector Perform” rating given on Friday, September 25 by RBC Capital Markets. The rating was downgraded by Berenberg to “Sell” on Wednesday, July 12. UBS maintained it with “Buy” rating and $18 target in Thursday, December 1 report.

Since January 31, 2018, it had 0 insider buys, and 1 sale for $419,125 activity.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Streetinsider.com which released: “Wall Street slips as Cisco drags, bond yields rise” on May 17, 2018, also 247Wallst.com with their article: “Cisco Systems Remains Top-Performing Dow Stock in 2018” published on April 28, 2018, Nasdaq.com published: “5 Potential Winners as US-China Trade Conflict Lingers” on May 16, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Globenewswire.com and their article: “Cisco Completes Acquisition of Accompany” published on May 10, 2018 as well as 247Wallst.com‘s news article titled: “Cisco Systems Remains Top-Performing Dow Stock” with publication date: May 12, 2018.

Since December 14, 2017, it had 0 insider purchases, and 5 sales for $10.28 million activity. 15,230 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $578,740 were sold by MCGEARY RODERICK C. $7.59M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by BARTZ CAROL on Thursday, December 14. SARIN ARUN also sold $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, February 20. $940,559 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by Goeckeler David.

Lenox Wealth Advisors Inc, which manages about $648.86 million and $357.31 million US Long portfolio, decreased its stake in Cathay General Banco (NASDAQ:CATY) by 34,300 shares to 98 shares, valued at $4,000 in 2017Q4, according to the filing.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.01, from 1.02 in 2017Q3. It increased, as 51 investors sold CSCO shares while 660 reduced holdings. 145 funds opened positions while 589 raised stakes. 3.54 billion shares or 1.52% less from 3.60 billion shares in 2017Q3 were reported. Bartlett Communications Limited reported 43,969 shares. Green Square Capital Limited Liability Com invested in 242,981 shares. Qs Invsts Lc has 1.10M shares. Opus Inv Mngmt Inc has invested 1.04% in Cisco Systems, Inc. (NASDAQ:CSCO). Somerset Trust reported 123,995 shares stake. Azimuth Mgmt Limited Liability has invested 1.06% in Cisco Systems, Inc. (NASDAQ:CSCO). First Wilshire Secs Mgmt Inc reported 9,591 shares. Olstein LP stated it has 281,000 shares or 1.37% of all its holdings. Pennsylvania Tru reported 398,410 shares. Citadel Advsr Lc holds 6.97M shares or 0.16% of its portfolio. Cadence Management Llc invested in 0.95% or 390,239 shares. Goelzer Investment Management holds 0.71% or 165,330 shares. Howland Capital Mgmt Limited Liability Corp invested in 15,735 shares. Wealthcare Mngmt Ltd Limited Liability Company stated it has 154 shares. Parallax Volatility Advisers Lp has invested 0.01% in Cisco Systems, Inc. (NASDAQ:CSCO).

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 161 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Tuesday, September 5 report. The firm has “Neutral” rating given on Wednesday, June 15 by Goldman Sachs. The stock has “Buy” rating by Drexel Hamilton on Thursday, June 29. As per Tuesday, August 15, the company rating was maintained by Drexel Hamilton. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Tuesday, November 14 by Wells Fargo. Drexel Hamilton maintained the stock with “Buy” rating in Thursday, August 18 report. On Thursday, June 16 the stock rating was maintained by UBS with “Buy”. The firm has “Neutral” rating given on Monday, February 8 by Macquarie Research. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Wednesday, January 10 by Piper Jaffray. The company was downgraded on Tuesday, April 5 by Bank of America.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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