The California State Teachers Retirement System (CalSTRS) has been actively adjusting its investment portfolio. In the third quarter, CalSTRS reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 7.1%, selling 21,389 shares and leaving it with 281,467 shares worth $24,133,000. Additionally, CalSTRS also reduced its stake in Deckers Outdoor Co. by 6.0%, selling 2,575 shares and leaving it with 40,014 shares worth $20.57 million.
CF Industries Holdings, Inc. is a company with a market capitalization of $15.54 billion, a PE ratio of 10.52, and a 52-week low of $60.08 and a 52-week high of $87.90. The company recently declared a quarterly dividend of $0.50 per share, representing a boost from its previous dividend of $0.40. Research firms have mixed opinions on CF Industries, with two analysts rating the stock as a sell, nine as hold, and four as buy. The average rating is 'Hold' with a consensus target price of $90.19.
Deckers Outdoor Co. reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Insiders have sold 51,181 shares of company stock valued at $38,764,597 in the last three months. The stock has a consensus rating of 'Moderate Buy' and a consensus price target of $854.86.
Envestnet Portfolio Solutions Inc. purchased 2,545 shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 3rd quarter, valued at approximately $232,000. Other institutional investors, including Vanguard Group Inc., BlackRock Inc., State Street Corp, Capital Research Global Investors, and King Luther Capital Management Corp, also bought shares of CFR. The stock is currently owned by institutional investors and hedge funds. CFR's stock price opened at $107.55 on Friday, with a 12-month low of $82.25 and a 12-month high of $132.82. The company has a market cap of $6.90 billion, a PE ratio of 11.82, and a beta of 1.03. Cullen/Frost Bankers reported earnings per share of $2.18 for the quarter, beating analysts' estimates of $2.01. The company had revenue of $523.66 million during the quarter. Cullen/Frost Bankers also announced a quarterly dividend of $0.92 per share. Several research analysts have rated the stock as 'Hold' and the average target price is $113.77. Insiders sold shares of CFR, with 2.89% of the company's stock owned by insiders. Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank, providing commercial and consumer banking services in Texas. [cc5dc569]
Cohen & Steers Inc. reduced its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 51.0% during the fourth quarter, according to the company's Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,097 shares of the natural resource company's stock after selling 119,793 shares during the period. Other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in Freeport-McMoRan during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp raised its holdings in shares of Freeport-McMoRan by 422.2% in the fourth quarter. Jones Financial Companies Lllp now owns 658 shares of the natural resource company's stock worth $28,000 after buying an additional 532 shares during the period. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Freeport-McMoRan during the 4th quarter worth approximately $32,000. EdgeRock Capital LLC purchased a new position in Freeport-McMoRan during the 4th quarter valued at $35,000. Finally, Webster Bank N. A. grew its position in Freeport-McMoRan by 6,469.2% in the 4th quarter. Webster Bank N. A. now owns 854 shares of the natural resource company's stock valued at $36,000 after acquiring an additional 841 shares during the last quarter. 80.77% of the stock is owned by institutional investors. Freeport-McMoRan opened at $49.20 on Thursday. The company has a 50-day moving average of $50.90 and a two-hundred day moving average of $44.13. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 0.31. Freeport-McMoRan Inc. has a twelve month low of $32.83 and a twelve month high of $55.24. The company has a market cap of $70.57 billion, a price-to-earnings ratio of 43.54, a price-to-earnings-growth ratio of 2.18 and a beta of 1.96. Freeport-McMoRan last announced its quarterly earnings data on Tuesday, April 23rd. The natural resource company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Freeport-McMoRan had a net margin of 6.97% and a return on equity of 7.17%. The firm had revenue of $6.32 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the firm posted $0.52 EPS. Freeport-McMoRan's revenue was up 17.3% on a year-over-year basis. As a group, analysts predict that Freeport-McMoRan Inc. will post 1.71 earnings per share for the current fiscal year. The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.22%. In other Freeport-McMoRan news, CEO Richard C. Adkerson sold 169,229 shares of the company's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $50.56, for a total value of $8,556,218.24. Following the sale, the chief executive officer now directly owns 3,707,249 shares of the company's stock, valued at $187,438,509.44. The transaction was disclosed in a filing with the SEC. Also, VP Douglas N. Currault II sold 55,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $51.99, for a total value of $2,859,450.00. Following the transaction, the vice president now owns 164,067 shares in the company, valued at approximately $8,529,843.33. Insiders have sold 445,667 shares of company stock valued at $22,755,070 in the last ninety days. Insiders own 0.79% of the company's stock. A number of analysts have recently issued reports on FCX shares. JPMorgan Chase & Co. lowered their target price on shares of Freeport-McMoRan from $52.00 to $51.00 and set a 'neutral' rating for the company in a research note on Wednesday, April 24th. Bernstein Bank upped their target price on shares of Freeport-McMoRan from $52.00 to $52.50 and gave the stock an 'overweight' rating in a research note on Tuesday, April 23rd. Raymond James lifted their price target on shares of Freeport-McMoRan from $49.50 to $54.00 and gave the company an 'outperform' rating in a research note on Wednesday, April 24th. Bank of America raised Freeport-McMoRan from a 'neutral' rating to a 'buy' rating and set a $59.00 price objective on the stock in a research note on Tuesday, April 9th. Finally, UBS Group lifted their target price on Freeport-McMoRan from $41.00 to $54.00 and gave the company a 'neutral' rating in a research report on Tuesday, May 14th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of 'Moderate Buy' and a consensus target price of $51.47. [33ab1b82]
Flight Deck Capital LP reduced its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 52.7% in the fourth quarter, selling 2,544,258 shares. The firm now owns 2,287,626 shares of the stock, making it their 8th largest position. Other hedge funds have also modified their holdings of the company. Clear Channel Outdoor reported earnings per share of ($0.17) for the quarter, beating the consensus estimate of ($0.18) by $0.01. The company's revenue for the quarter was $481.75 million. Analysts have given the stock an average rating of 'Hold' with a consensus target price of $2.16. Clear Channel Outdoor's stock is currently trading at $1.39. [4cf4f0df]