3M Co (MMM) Holding Has Upped by Private Advisor Group Llc

Marco Green
December 18, 2017

The institutional investor held 99,757 shares of the company at the end of 2017Q2, valued at $1.56 million, down from 167,136 at the end of the previous reported quarter. West Family Investments Inc who had been investing in Tcp Cap Corp for a number of months, seems to be less bullish one the $908.93 million market cap company.

3M (MMM) traded down $0.08 during mid-day trading on Friday, hitting $238.00. TC PipeLines, LP (TCP) has risen 7.30% since December 18, 2016 and is uptrending. It has outperformed by 1.89% the S&P500. Bridges Investment Counsel Inc bought 8,947 shares as the company's stock rose 7.02% with the market. The institutional investor held 22,544 shares of the medical and dental instruments company at the end of 2017Q2, valued at $4.69M, down from 70,253 at the end of the previous reported quarter. North American Management Corp who had been investing in 3M Co for a number of months, seems to be less bullish one the $141.76 billion market cap company. The stock had a trading volume of 4,518,734 shares, compared to its average volume of 1,887,194. About 28.46M shares traded or 74.82% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since December 17, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Among 20 analysts covering General Dynamics Corporation (NYSE:GD), 12 have Buy rating, 2 Sell and 6 Hold. The company was maintained on Saturday, August 22 by Deutsche Bank. The firm has "Buy" rating given on Wednesday, March 30 by UBS. Zacks Investment Research lowered shares of 3M from a "hold" rating to a "sell" rating in a research report on Tuesday, October 3rd. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, April 27. On Friday, August 7 the stock rating was maintained by Oppenheimer with "Outperform". The company was downgraded on Wednesday, September 20 by JP Morgan. On Sunday, July 23 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". Investors of record on Friday, May 19th were given a dividend of $1.175 per share. Koshinski Asset Mgmt stated it has 5,414 shares or 0% of all its holdings. 15 funds opened positions while 38 raised stakes. Capital Management Corp VA increased its stake in shares of 3M Company by 0.3% in the first quarter. They expect $0.40 EPS, down 29.82% or $0.17 from last year's $0.57 per share. 104.65 million shares or 0.35% more from 104.29 million shares in 2017Q1 were reported. Kayne Anderson Rudnick Limited Liability has 84,507 shares for 0.18% of their portfolio. (NASDAQ:TCPC). 106,729 were reported by Pioneer Mngmt. Vaughan David Investments Il, a Illinois-based fund reported 158,246 shares. Chilton Cap Mgmt Lc reported 12,844 shares stake. Missouri-based Piermont has invested 0.38% in Bruker Corporation (NASDAQ:BRKR). Accredited Invsts owns 7,312 shares for 0.39% of their portfolio.

Analysts await TCP Capital Corp. Gabelli Funds Llc reported 0.01% in Rexnord Corporation (NYSE:RXN). They expect $2.00 earnings per share, up 6.38% or $0.12 from last year's $1.88 per share. TDC's profit will be $48.40 million for 24.11 P/E if the $0.40 EPS becomes a reality. During the same quarter in the previous year, the firm posted $2.15 earnings per share.

Since August 11, 2017, it had 0 buys, and 8 insider sales for $5.40 million activity. Little Frank R Jr. had sold 2,719 shares worth $560,200 on Thursday, August 17. $295,106 worth of 3M Company (NYSE:MMM) shares were sold by Hammes Eric D. Fong Ivan K sold $547,377 worth of stock. Also, CFO Nicholas C. Gangestad sold 4,004 shares of the company's stock in a transaction on Friday, October 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Therefore 60% are positive. 3M had 69 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Wednesday, July 26 by Aegis Capital. The company also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Finally, Jefferies Group increased their price target on 3M to $262.00 and gave the company a "buy" rating in a research report on Wednesday, October 25th. The stock has "Overweight" rating by Morgan Stanley on Monday, October 2. Citigroup maintained 3M Company (NYSE:MMM) on Wednesday, July 26 with "Buy" rating. Goldman Sachs has "Hold" rating and $229.0 target. Credit Suisse maintained the shares of MMM in report on Friday, April 28 with "Buy" rating. Stifel Nicolaus has "Hold" rating and $245.0 target. Bernstein maintained it with "Market Perform" rating and $170 target in Wednesday, March 30 report. The firm earned "Buy" rating on Monday, May 29 by Jefferies. Jackson Grant Investment Advisers Inc. increased its stake in shares of 3M Company by 0.6% in the fourth quarter. Capital Management Corp VA now owns 3,934 shares of the conglomerate's stock valued at $753,000 after buying an additional 11 shares in the last quarter. Moreover, Raiff Partners Inc has 3.89% invested in the company for 112,000 shares.

Investors sentiment increased to 0.91 in Q2 2017. Its down 0.10, from 1.01 in 2017Q1. It is positive, as 42 investors sold GD shares while 358 reduced holdings. 88 funds opened positions while 275 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. Capwealth Ltd stated it has 36,438 shares or 1.52% of all its holdings. Private Asset invested in 0.16% or 4,838 shares. Connable Office Inc has invested 0.59% in 3M Company (NYSE:MMM). Zeke Limited Liability Corporation holds 0.42% or 10,554 shares. First Bancorp Sioux Falls invested in 1.05% or 1,224 shares. Advisory Networks Limited Liability Corporation holds 6,847 shares or 0.03% of its portfolio. More interesting news about 3M Company (NYSE:MMM) were released by: Bizjournals.com and their article: "3M selling off optical cable division to Corning Inc. for $900 million" published on December 11, 2017 as well as Bloomberg.com's news article titled: "3M Sees Sales, Profit Expanding Amid Focus on Growth Markets" with publication date: December 12, 2017. $92,023 worth of 3M Company (NYSE:MMM) was sold by Lindekugel Jon T. Weatherstone Capital Mgmt owns 2,179 shares.

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