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Fort LP Has Cut Oracle (ORCL) Stake by $3.64 Million; Valuation Rose; As 3M Co Com (MMM) Stock Value Rose, Horizon Investments Cut Holding

Horizon Investments Llc decreased its stake in 3M Co Com (MMM) by 27.54% based on its latest 2017Q3 regulatory filing with the SEC. Horizon Investments Llc sold 2,470 shares as the company’s stock rose 7.02% with the market. The institutional investor held 6,500 shares of the medical and dental instruments company at the end of 2017Q3, valued at $1.28M, down from 8,970 at the end of the previous reported quarter. Horizon Investments Llc who had been investing in 3M Co Com for a number of months, seems to be less bullish one the $147.82B market cap company. The stock increased 0.92% or $2.27 during the last trading session, reaching $248.18. About 2.01M shares traded. 3M Company (NYSE:MMM) has risen 18.59% since January 21, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Michael Novogratz decreased its stake in Oracle Corp (ORCL) by 31.11% based on its latest 2017Q3 regulatory filing with the SEC. Fort Lp sold 75,850 shares as the company’s stock rose 5.35% with the market. The hedge fund run by Michael Novogratz held 167,927 shares of the prepackaged software company at the end of 2017Q3, valued at $8.12M, down from 243,777 at the end of the previous reported quarter. Fort Lp who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $209.38 billion market cap company. The stock increased 0.70% or $0.35 during the last trading session, reaching $50.58. About 14.01 million shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 21, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It is negative, 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. Aspen Invest Mngmt reported 1,861 shares or 0.29% of all its holdings. Envestnet Asset Mngmt owns 116,357 shares. 8,494 were reported by Boston Ltd Liability Corporation. Lodestar Inv Counsel Limited Liability Il holds 83,875 shares or 2.16% of its portfolio. Atwood & Palmer Inc holds 0.04% or 1,214 shares in its portfolio. Hamel Associates Inc has invested 3.12% in 3M Company (NYSE:MMM). Puzo Michael J holds 4.1% or 37,563 shares. Management Associates accumulated 3,550 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt accumulated 0.02% or 12,700 shares. The Tennessee-based Martin Inc Tn has invested 0.78% in 3M Company (NYSE:MMM). Park Oh stated it has 154,399 shares. Williams Jones And Associates Ltd Liability Company holds 17,436 shares. Gilman Hill Asset Limited Liability, Connecticut-based fund reported 1,514 shares. First National Bank Sioux Falls accumulated 0.9% or 1,224 shares. Archford Capital Strategies Ltd Liability Corporation holds 0.3% of its portfolio in 3M Company (NYSE:MMM) for 3,835 shares.

Horizon Investments Llc, which manages about $1.50 billion and $1.74 billion US Long portfolio, upped its stake in Spdr Index Shs Fds Euro Stoxx (Put) (FEZ) by 150,000 shares to 750,000 shares, valued at $30.94 million in 2017Q3, according to the filing. It also increased its holding in Northrop Grumman Corp Com (NYSE:NOC) by 2,857 shares in the quarter, for a total of 4,918 shares, and has risen its stake in Fidelity Natl Information Sv C (NYSE:FIS).

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.02 EPS, up 7.45% or $0.14 from last year’s $1.88 per share. MMM’s profit will be $1.20 billion for 30.72 P/E if the $2.02 EPS becomes a reality. After $2.33 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth.

Since August 11, 2017, it had 0 insider buys, and 8 sales for $5.40 million activity. Hammes Eric D. sold 1,428 shares worth $295,106. Fong Ivan K had sold 2,348 shares worth $547,377 on Friday, October 27. $936,291 worth of 3M Company (NYSE:MMM) was sold by Gangestad Nicholas C on Friday, October 27. Lindekugel Jon T also sold $92,023 worth of 3M Company (NYSE:MMM) on Tuesday, October 31. On Friday, August 11 the insider Keel Paul A sold $1.02M. On Friday, October 27 the insider THULIN INGE G sold $1.59 million.

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 company was maintained on Wednesday, October 11 by RBC Capital Markets. The company was maintained on Wednesday, January 25 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Hold” rating and $186 target in Wednesday, December 14 report. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Friday, September 15. RBC Capital Markets has “Hold” rating and $209.0 target. The rating was initiated by Citigroup with “Buy” on Thursday, January 21. Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating on Wednesday, December 13. Stifel Nicolaus has “Hold” rating and $245.0 target. The stock has “Buy” rating by Jefferies on Tuesday, April 12. The company was maintained on Wednesday, October 25 by Citigroup. Goldman Sachs upgraded 3M Company (NYSE:MMM) on Wednesday, October 25 to “Hold” rating. The firm has “Underperform” rating by RBC Capital Markets given on Friday, July 24.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.18, from 0.95 in 2017Q2. It is positive, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. 25,775 are owned by Assetmark. Psagot Investment House accumulated 124,862 shares. Glenmede Trust Na holds 0.84% or 3.97M shares in its portfolio. Clifford Swan Counsel Limited Company reported 442,241 shares. Fir Tree stated it has 958,808 shares. James Rech holds 1,880 shares. Oarsman Capital holds 21,855 shares. Quadrant Management Ltd Limited Liability Company reported 54,595 shares. Cantab Capital Prns Llp accumulated 77,602 shares or 0.54% of the stock. Forte Capital Limited Co Adv accumulated 7,925 shares. Texas Permanent School Fund owns 836,871 shares. Hartford Financial Mngmt owns 0.33% invested in Oracle Corporation (NYSE:ORCL) for 13,312 shares. Arizona State Retirement System accumulated 0.44% or 769,568 shares. 333,987 were reported by Amalgamated Bank. Walter Keenan Consulting Co Mi Adv owns 6,300 shares or 0.14% of their US portfolio.

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle had 103 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, September 15 by Credit Suisse. The firm earned “Overweight” rating on Thursday, March 16 by JP Morgan. Piper Jaffray initiated Oracle Corporation (NYSE:ORCL) on Wednesday, October 4 with “Buy” rating. The firm earned “Buy” rating on Friday, December 15 by Canaccord Genuity. The rating was maintained by RBC Capital Markets on Friday, September 30 with “Outperform”. The firm earned “Buy” rating on Tuesday, June 20 by Jefferies. As per Monday, October 19, the company rating was downgraded by Pacific Crest. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Friday, December 16 by Stifel Nicolaus. The firm earned “Outperform” rating on Tuesday, April 26 by Macquarie Research. RBC Capital Markets maintained the shares of ORCL in report on Thursday, June 22 with “Outperform” rating.

Fort Lp, which manages about $349.60 million and $406.56 million US Long portfolio, upped its stake in Wellcare Health Plans Inc (NYSE:WCG) by 25,117 shares to 175,558 shares, valued at $30.15M in 2017Q3, according to the filing. It also increased its holding in Omnicom Group Inc (NYSE:OMC) by 139,311 shares in the quarter, for a total of 221,549 shares, and has risen its stake in Groupe Cgi Inc (NYSE:GIB).

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