3M Co (MMM) Shareholder Whittier Trust Co Has Lowered Stake by $5.40 Million

March 17, 2018 - By Winifred Garcia

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It worsened, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. The California-based Planning has invested 0.96% in 3M Company (NYSE:MMM). U S Global Invsts Inc reported 2,500 shares. Cullen Capital Mgmt Limited has invested 2.45% in 3M Company (NYSE:MMM). Cohen Capital Mngmt invested 2.47% in 3M Company (NYSE:MMM). Nuveen Asset Mngmt Lc holds 0.31% of its portfolio in 3M Company (NYSE:MMM) for 223,561 shares. Trustmark Commercial Bank Tru Department has 0.18% invested in 3M Company (NYSE:MMM) for 7,585 shares. Minneapolis Port Management Lc has invested 3.99% in 3M Company (NYSE:MMM). West Coast Lc accumulated 1.02% or 17,912 shares. First Heartland Consultants invested in 0.07% or 1,417 shares. Independent Inc reported 2.66% stake. Massachusetts-based Trillium Asset Management Ltd Liability Corporation has invested 0.1% in 3M Company (NYSE:MMM). Weik Inv Services Incorporated holds 17,902 shares. Boyd Watterson Asset Ltd Oh holds 2,547 shares. Tiaa Cref Investment Mgmt Limited Liability Company reported 0.61% of its portfolio in 3M Company (NYSE:MMM). 11,300 are owned by Wills Fincl Grp Inc.

Since October 27, 2017, it had 0 insider buys, and 21 insider sales for $34.51 million activity. Another trade for 4,146 shares valued at $1.02 million was sold by Roman Michael F. Another trade for 5,438 shares valued at $1.37 million was made by THULIN INGE G on Wednesday, January 31. Shin Hak Cheol sold $474,944 worth of stock or 1,900 shares. Keel Paul A had sold 13,480 shares worth $3.33 million on Thursday, February 1. Vale Michael G. had sold 6,243 shares worth $1.54 million. 1,500 shares were sold by Little Frank R Jr., worth $351,708.

Whittier Trust Co decreased its stake in 3M Co (MMM) by 11.56% based on its latest 2017Q3 regulatory filing with the SEC. Whittier Trust Co sold 25,850 shares as the company’s stock rose 7.02% with the market. The institutional investor held 197,701 shares of the medical and dental instruments company at the end of 2017Q3, valued at $41.50M, down from 223,551 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 $141.27 billion market cap company. The stock increased 0.57% or $1.35 during the last trading session, reaching $237.22. About 4.86 million shares traded or 96.91% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since March 17, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Whittier Trust Co, which manages about $2.74 billion US Long portfolio, upped its stake in British Amern Tob Plc Sponsored Adr (NYSEMKT:BTI) by 109,000 shares to 109,640 shares, valued at $6.85 million in 2017Q3, according to the filing. It also increased its holding in Apache Corp Com (NYSE:APA) by 184,933 shares in the quarter, for a total of 190,633 shares, and has risen its stake in Facebook Inc Cl A (NASDAQ:FB).

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24. They expect $2.53 EPS, up 17.13 % or $0.37 from last year’s $2.16 per share. MMM’s profit will be $1.51B for 23.44 P/E if the $2.53 EPS becomes a reality. After $2.10 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 20.48 % EPS growth.

3M Company (NYSE:MMM) Ratings Coverage

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M has $275.0 highest and $135 lowest target. $232.40’s average target is -2.03% below currents $237.22 stock price. 3M had 79 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Bank of America on Wednesday, October 25. As per Wednesday, January 24, the company rating was upgraded by Hilliard Lyons. As per Friday, July 24, the company rating was maintained by UBS. The stock of 3M Company (NYSE:MMM) earned “Sell” rating by Goldman Sachs on Monday, November 21. The firm has “Hold” rating given on Friday, September 15 by RBC Capital Markets. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Wednesday, December 16 with “Underperform” rating. The firm earned “Buy” rating on Wednesday, March 30 by UBS. The company was maintained on Wednesday, October 11 by RBC Capital Markets. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Stifel Nicolaus on Wednesday, December 14. The company was maintained on Wednesday, October 26 by RBC Capital Markets.

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