Market News

As 3M Co Com (MMM) Share Value Declined, Shareholder Sva Plumb Wealth Management Lowered Its Holding; Express Scripts (ESRX) Holder Check Capital Management Upped Position

3M Company (NYSE:MMM) Logo

Check Capital Management Inc increased its stake in Express Scripts (ESRX) by 1812.22% based on its latest 2017Q4 regulatory filing with the SEC. Check Capital Management Inc bought 724,888 shares as the company’s stock declined 5.58% with the market. The hedge fund held 764,888 shares of the medical and nursing services company at the end of 2017Q4, valued at $57.09M, up from 40,000 at the end of the previous reported quarter. Check Capital Management Inc who had been investing in Express Scripts for a number of months, seems to be bullish on the $40.72 billion market cap company. The stock increased 0.72% or $0.52 during the last trading session, reaching $72.51. About 294,677 shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has risen 8.93% since April 17, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Sva Plumb Wealth Management Llc decreased its stake in 3M Co Com (MMM) by 4.21% based on its latest 2017Q4 regulatory filing with the SEC. Sva Plumb Wealth Management Llc sold 1,642 shares as the company’s stock declined 8.03% with the market. The institutional investor held 37,376 shares of the medical and dental instruments company at the end of 2017Q4, valued at $8.80M, down from 39,018 at the end of the previous reported quarter. Sva Plumb Wealth Management Llc who had been investing in 3M Co Com for a number of months, seems to be less bullish one the $130.99 billion market cap company. The stock increased 1.18% or $2.56 during the last trading session, reaching $220.26. About 299,984 shares traded. 3M Company (NYSE:MMM) has risen 13.36% since April 17, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24 before the open. They expect $2.50 EPS, up 15.74% or $0.34 from last year’s $2.16 per share. MMM’s profit will be $1.49 billion for 22.03 P/E if the $2.50 EPS becomes a reality. After $2.10 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 19.05% EPS growth.

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M had 83 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $254.0 target in Thursday, January 25 report. Jefferies maintained 3M Company (NYSE:MMM) on Friday, May 26 with “Buy” rating. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Thursday, January 21 by Citigroup. On Tuesday, September 26 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Jefferies on Thursday, June 1 with “Buy”. The firm has “Hold” rating by RBC Capital Markets given on Monday, July 10. Deutsche Bank maintained 3M Company (NYSE:MMM) rating on Tuesday, August 25. Deutsche Bank has “Hold” rating and $164 target. Bank of America maintained 3M Company (NYSE:MMM) on Tuesday, June 6 with “Buy” rating. Credit Suisse maintained the shares of MMM in report on Tuesday, March 15 with “Outperform” rating. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, January 25.

Since October 27, 2017, it had 0 insider purchases, and 21 selling transactions for $34.51 million activity. $56,178 worth of 3M Company (NYSE:MMM) was sold by Vrohidis Ippocratis. $351,708 worth of 3M Company (NYSE:MMM) was sold by Little Frank R Jr. on Friday, October 27. THULIN INGE G had sold 35,236 shares worth $8.85M. 6,243 shares were sold by Vale Michael G., worth $1.54M. Shin Hak Cheol sold $1.86 million worth of stock. Fong Ivan K sold $547,377 worth of stock.

Sva Plumb Wealth Management Llc, which manages about $1.95 billion and $852.83 million US Long portfolio, upped its stake in Mondelez Intl Inc Cl A (NASDAQ:MDLZ) by 9,017 shares to 64,697 shares, valued at $2.77M in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp Com (NASDAQ:MSFT) by 3,613 shares in the quarter, for a total of 148,513 shares, and has risen its stake in Vanguard Total International S (VXUS).

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.06, from 0.77 in 2017Q3. It increased, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. Raab And Moskowitz Asset Management Llc stated it has 2,848 shares. 186,347 are held by Janney Montgomery Scott Ltd Liability. Norris Perne & French Llp Mi has invested 0.14% in 3M Company (NYSE:MMM). Griffin Asset Mgmt invested in 26,004 shares or 1.09% of the stock. Usca Ria Limited Liability Corporation holds 0.07% of its portfolio in 3M Company (NYSE:MMM) for 2,573 shares. Everett Harris And Comm Ca reported 117,007 shares or 0.74% of all its holdings. Seaward Mgmt Limited Partnership owns 1.05% invested in 3M Company (NYSE:MMM) for 95,372 shares. Alpha Cubed Invests Ltd Liability Corp has 0.2% invested in 3M Company (NYSE:MMM) for 6,360 shares. Jump Trading Lc reported 8,770 shares. 47,928 are owned by Wilkins Counsel. Moreover, Eagle Asset has 0.62% invested in 3M Company (NYSE:MMM) for 480,917 shares. Hoertkorn Richard Charles holds 0.08% or 600 shares in its portfolio. Mitsubishi Ufj Holdg Company has 890 shares for 0.88% of their portfolio. Moreover, Commerce Of Virginia Va has 0.43% invested in 3M Company (NYSE:MMM). Fukoku Mutual Life Insur Com accumulated 0.12% or 3,300 shares.

Among 25 analysts covering Express Scripts (NASDAQ:ESRX), 8 have Buy rating, 3 Sell and 14 Hold. Therefore 32% are positive. Express Scripts had 66 analyst reports since July 30, 2015 according to SRatingsIntel. As per Friday, December 15, the company rating was upgraded by Robert W. Baird. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Neutral” rating by Robert W. Baird on Wednesday, October 25. The firm earned “Outperform” rating on Wednesday, January 31 by RBC Capital Markets. The rating was maintained by SunTrust on Thursday, January 11 with “Buy”. The firm has “Buy” rating given on Tuesday, July 18 by Maxim Group. Mizuho maintained the shares of ESRX in report on Tuesday, October 24 with “Hold” rating. The firm has “Buy” rating by Jefferies given on Friday, July 7. On Monday, October 9 the stock rating was downgraded by Raymond James to “Underperform”. The rating was maintained by Mizuho on Wednesday, January 24 with “Hold”. Bernstein downgraded Express Scripts Holding Company (NASDAQ:ESRX) on Tuesday, January 30 to “Sell” rating.

Check Capital Management Inc, which manages about $796.94 million and $1.82 billion US Long portfolio, decreased its stake in Goldman Sachs (NYSE:GS) by 1,975 shares to 3,625 shares, valued at $924,000 in 2017Q4, according to the filing. It also reduced its holding in Autozone (NYSE:AZO) by 58,185 shares in the quarter, leaving it with 65,607 shares, and cut its stake in Berkshire Hathaway ‘A’ (BRKA).

Express Scripts Holding Company (NASDAQ:ESRX) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *