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Intersect Capital Stake in Intl Paper Co (IP) Has Increased by $335,832; Shell Asset Management Co Maintains Position in 3M Co (MMM)

Intersect Capital Llc increased its stake in Intl Paper Co (IP) by 34.03% based on its latest 2017Q3 regulatory filing with the SEC. Intersect Capital Llc bought 5,997 shares as the company’s stock declined 1.99% while stock markets rallied. The institutional investor held 23,619 shares of the paper company at the end of 2017Q3, valued at $1.34M, up from 17,622 at the end of the previous reported quarter. Intersect Capital Llc who had been investing in Intl Paper Co for a number of months, seems to be bullish on the $25.86B market cap company. The stock increased 1.84% or $1.13 during the last trading session, reaching $62.62. About 4.45 million shares traded or 125.56% up from the average. International Paper Company (NYSE:IP) has risen 26.95% since January 19, 2017 and is uptrending. It has outperformed by 10.25% the S&P500.

Shell Asset Management Co increased its stake in 3M Co (MMM) by 9.54% based on its latest 2017Q3 regulatory filing with the SEC. Shell Asset Management Co bought 18,005 shares as the company’s stock rose 7.02% with the market. The institutional investor held 206,767 shares of the medical and dental instruments company at the end of 2017Q3, valued at $29.30 million, up from 188,762 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in 3M Co for a number of months, seems to be bullish on the $146.47 billion market cap company. The stock decreased 0.89% or $2.2 during the last trading session, reaching $245.91. About 2.23 million shares traded or 11.43% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since January 19, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Investors sentiment decreased to 0.77 in Q3 2017. 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. Schafer Cullen owns 536,833 shares. Linscomb Williams has 4,107 shares. Joel Isaacson And Ltd Liability invested in 8,129 shares or 0.31% of the stock. The Illinois-based Martin Invest Ltd Liability Company has invested 3.22% in 3M Company (NYSE:MMM). Staley Cap Advisers Inc has 3.9% invested in 3M Company (NYSE:MMM) for 227,736 shares. Aureus Asset Mngmt Ltd Co holds 0.34% or 10,174 shares. Prelude Capital Mgmt Ltd Liability Corp stated it has 476 shares. Suntrust Banks holds 0.47% or 417,353 shares. Crestwood Advisors Limited Co has 1.34% invested in 3M Company (NYSE:MMM) for 74,398 shares. Janney Cap Mngmt Limited has 0.63% invested in 3M Company (NYSE:MMM) for 70,012 shares. Boston Common Asset Management Limited Liability holds 1.08% of its portfolio in 3M Company (NYSE:MMM) for 41,272 shares. Patten Patten Inc Tn holds 1.37% or 61,729 shares in its portfolio. Michigan-based Clarkston Capital Prns Ltd Limited Liability Company has invested 0.28% in 3M Company (NYSE:MMM). Chesapeake Asset Management Limited Co holds 0.39% of its portfolio in 3M Company (NYSE:MMM) for 2,069 shares. Aimz Inv Advsr Limited Liability Company stated it has 6,629 shares.

Shell Asset Management Co, which manages about $5.95 billion US Long portfolio, decreased its stake in Unit Corp (NYSE:UNT) by 14,367 shares to 34,348 shares, valued at $2.02 million in 2017Q3, according to the filing. It also reduced its holding in Jacobs Engr Group Inc Del (NYSE:JEC) by 13,513 shares in the quarter, leaving it with 22,809 shares, and cut its stake in Blackrock Inc (NYSE:BLK).

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Monday, October 5 with “Equal-Weight”. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, October 11 report. As per Thursday, December 14, the company rating was maintained by Jefferies. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 15. Jefferies maintained the shares of MMM in report on Monday, August 14 with “Buy” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, July 19 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, July 25. On Friday, September 25 the stock rating was upgraded by Credit Suisse to “Outperform”. The company was upgraded on Wednesday, October 25 by Goldman Sachs. The rating was maintained by Stifel Nicolaus on Wednesday, December 14 with “Hold”.

Since August 11, 2017, it had 0 insider buys, and 8 insider sales for $5.40 million activity. $1.59M worth of 3M Company (NYSE:MMM) was sold by THULIN INGE G. On Thursday, August 17 the insider Little Frank R Jr. sold $560,200. Shares for $92,023 were sold by Lindekugel Jon T. $295,106 worth of 3M Company (NYSE:MMM) shares were sold by Hammes Eric D.. Keel Paul A sold $1.02 million worth of stock. Fong Ivan K also sold $547,377 worth of 3M Company (NYSE:MMM) on Friday, October 27.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It dropped, as 37 investors sold IP shares while 252 reduced holdings. 76 funds opened positions while 199 raised stakes. 333.87 million shares or 1.34% less from 338.41 million shares in 2017Q2 were reported. Eqis Cap Incorporated has invested 0.01% in International Paper Company (NYSE:IP). Tirschwell Loewy invested in 34,125 shares or 0.29% of the stock. Rockefeller Fincl Service reported 80 shares. Sumitomo Life Insur reported 16,557 shares. Haverford Trust Co has invested 0.01% of its portfolio in International Paper Company (NYSE:IP). The Connecticut-based Benin Corp has invested 0.47% in International Paper Company (NYSE:IP). Texas-based Argent has invested 0.11% in International Paper Company (NYSE:IP). Impala Asset Lc invested in 0.27% or 107,056 shares. Wade G W Incorporated has 280,522 shares. Blair William & Il holds 0.04% of its portfolio in International Paper Company (NYSE:IP) for 102,784 shares. Mrj has invested 3.35% of its portfolio in International Paper Company (NYSE:IP). Tru Of Vermont has 15,586 shares. Employees Retirement Sys Of Texas holds 104,000 shares or 0.08% of its portfolio. 6.39M were reported by Clearbridge Limited. The Missouri-based American Century Cos has invested 0.02% in International Paper Company (NYSE:IP).

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