$7.87 Billion in Sales Expected for 3M Co (MMM) This Quarter

Lloyd Doyle
January 14, 2018

Lumina Fund Management Llc sold 16,500 shares as the company's stock rose 1.17% with the market. The institutional investor held 577,645 shares of the prepackaged software company at the end of 2017Q3, valued at $27.93M, up from 564,690 at the end of the previous reported quarter. Whittier Trust Co who had been investing in 3M Co for a number of months, seems to be less bullish one the $145.61B market cap company.

The stock increased 0.49% or $1.17 during the last trading session, reaching $242.31. 3M Company (NYSE:MMM) has risen 18.59% since January 14, 2017 and is uptrending. It has outperformed by 110.13% the S&P500.

Gillespie Robinson & Grimm Inc increased its stake in Oracle Corporation (ORCL) by 2.29% based on its latest 2017Q3 regulatory filing with the SEC. Edgemoor Investment Advisors Inc bought 3,266 shares as the company's stock rose 5.74% with the market. The institutional investor held 142,966 shares of the medical and dental instruments company at the end of 2017Q3, valued at $30.01 million, down from 144,428 at the end of the previous reported quarter. The fund owned 78,732 shares of the conglomerate's stock after selling 1,200 shares during the period. The shares were sold at an average price of $233.84, for a total transaction of $936,295.36.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. It has outperformed by 3.59% the S&P500. Jefferies has "Buy" rating and $21900 target. Therefore 53% are positive. Visa Inc. had 101 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of NXP Semiconductors N.V. (NASDAQ:NXPI) earned "Hold" rating by Oppenheimer on Thursday, October 26. Buckingham Research initiated The Allstate Corporation (NYSE:ALL) on Monday, September 11 with "Sell" rating. The company was maintained on Tuesday, October 18 by UBS. The stock of Visa Inc. The firm has "Buy" rating given on Wednesday, August 12 by Deutsche Bank. The rating was maintained by Stifel Nicolaus with "Hold" on Wednesday, January 25.

DnB Asset Management AS decreased its stake in shares of 3M Co (NYSE:MMM) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. It also increased its holding in Schwab U.S. Broad Market (SCHB) by 20,529 shares in the quarter, for a total of 152,660 shares, and has risen its stake in Liberty All Star Eq Fd (USA). It is down 0.00% since January 14, 2017 and is. On Wednesday, December 13 MATSCHULLAT ROBERT W sold $707,561 worth of Visa Inc. (NYSE:BLK) for 290 shares. On Friday, December 15 the insider MAHON TULLIER KELLY sold $5.65 million.


Investors sentiment decreased to 1.13 in Q3 2017. Its up 0.15, from 0.76 in 2017Q2. It dived, as 48 investors sold V shares while 617 reduced holdings. 92 funds opened positions while 221 raised stakes. Spinnaker holds 591,300 shares. Columbia Asset Management owns 34,387 shares. Canandaigua Natl Savings Bank owns 20,159 shares or 0.81% of their USA portfolio. Garrison Bradford Assoc Inc stated it has 0.7% in 3M Company (NYSE:MMM). (NYSE:V) for 12,685 shares. (NYSE:V) for 11,000 shares. Ngam LP accumulated 75,364 shares or 0.17% of the stock. Osborne Ltd Liability holds 2,250 shares. 1,779 are held by Brookstone Capital Management. (NYSE:FE). Amp Cap Investors Ltd accumulated 0.03% or 159,620 shares. California State Teachers Retirement invested 0.73% of its portfolio in Visa Inc. Barrett Asset Limited Liability Corporation stated it has 165,981 shares or 2.54% of all its holdings. Meristem Llp has 1.86% invested in 3M Company (NYSE:MMM) for 22,114 shares.

Since August 11, 2017, it had 0 insider buys, and 8 insider sales for $5.40 million activity. About 2.92M shares traded. The insider Little Frank R Jr. sold 2,719 shares worth $560,200. 4,965 shares were sold by Keel Paul A, worth $1.02M on Friday, August 11. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock.

Ratings analysis reveals 47% of 3M's analysts are positive. MMM was included in 71 notes of analysts from July 24, 2015. Jefferies Group reaffirmed a "buy" rating and issued a $210.00 target price (up from $200.00) on shares of 3M in a report on Monday, November 28th. The firm has "Sector Perform" rating by RBC Capital Markets given on Wednesday, December 7. The firm has "Equal-Weight" rating given on Thursday, April 28 by Barclays Capital. The company was maintained on Friday, May 26 by Jefferies. Stifel Nicolaus maintained 3M Company (NYSE:MMM) on Wednesday, October 25 with "Hold" rating. The firm has "Overweight" rating by Barclays Capital given on Monday, October 24. The stock has "Underweight" rating by Morgan Stanley on Wednesday, July 26.

Investors sentiment decreased to 0.77 in Q3 2017. The company has a quick ratio of 1.47, a current ratio of 2.07 and a debt-to-equity ratio of 0.89. It turned negative, as 59 investors sold MMM shares while 612 reduced holdings. The conglomerate reported $2.33 EPS for the quarter, beating the consensus estimate of $2.21 by $0.12. Finally, Capital Wealth Planning LLC lifted its position in shares of 3M by 1,854.3% during the 2nd quarter. One Mgmt Ltd Liability reported 998 shares stake. The firm earned "Hold" rating on Wednesday, October 25 by RBC Capital Markets. Moreover, St Germain D J has 0.11% invested in 3M Company (NYSE:MMM). 2,729 were accumulated by Sol Cap Mgmt. Intrust Financial Bank Na has invested 0.13% in 3M Company (NYSE:MMM). Mascoma Wealth Management LLC raised its stake in shares of 3M by 87.5% during the 3rd quarter. Thomaspartners invested in 1.75% or 1.04M shares. Moreover, Arrowgrass Partners (Us) Ltd Partnership has 0.09% invested in 3M Company (NYSE:MMM) for 54,875 shares. Btr Capital Management has 3,987 shares for 0.17% of their portfolio. Mckinley Cap Limited Liability Com Delaware stated it has 0.01% of its portfolio in 3M Company (NYSE:MMM). South Dakota Invest Council reported 35,400 shares stake.

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