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CSM Advisors LLC Sells 54,980 Shares of Freeport-McMoRan Inc. $FCX
CSM Advisors LLC reduced its stake in Freeport-McMoRan Inc. by 52.0% during the third quarter, selling 54,980 shares and holding 50,695 shares valued at $1,987,000. Despite this sale, other institutional investors significantly increased their positions in the natural resource company. Freeport-McMoRan maintains an average “Moderate Buy” rating from analysts with a consensus price target of $62.59, and recently reported strong earnings, exceeding analyst expectations.