Stock News

3M Co (MMM) Shares Declined While Edgewood Management Has Cut Position by $2.29 Million; Microsoft (MSFT) Holder Peregrine Asset Advisers Lowered Stake by $4.24 Million as Stock Rose

3M Company (NYSE:MMM) Logo

Peregrine Asset Advisers Inc decreased its stake in Microsoft (MSFT) by 68.14% based on its latest 2017Q4 regulatory filing with the SEC. Peregrine Asset Advisers Inc sold 49,854 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 23,306 shares of the prepackaged software company at the end of 2017Q4, valued at $1.99 million, down from 73,160 at the end of the previous reported quarter. Peregrine Asset Advisers Inc who had been investing in Microsoft for a number of months, seems to be less bullish one the $717.00 billion market cap company. The stock decreased 2.34% or $2.23 during the last trading session, reaching $93.12. About 28.91M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 24, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Edgewood Management Llc decreased its stake in 3M Co (MMM) by 1.39% based on its latest 2017Q4 regulatory filing with the SEC. Edgewood Management Llc sold 9,724 shares as the company’s stock declined 8.03% with the market. The institutional investor held 689,541 shares of the medical and dental instruments company at the end of 2017Q4, valued at $162.30 million, down from 699,265 at the end of the previous reported quarter. Edgewood Management Llc who had been investing in 3M Co for a number of months, seems to be less bullish one the $119.61 billion market cap company. The stock decreased 6.83% or $14.75 during the last trading session, reaching $201.13. About 11.64 million shares traded or 323.28% up from the average. 3M Company (NYSE:MMM) has risen 13.36% since April 24, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Edgewood Management Llc, which manages about $9.25 billion and $22.97B US Long portfolio, upped its stake in Allergan Plc by 45,601 shares to 4.49M shares, valued at $734.72 million in 2017Q4, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 220,762 shares in the quarter, for a total of 14.28 million shares, and has risen its stake in Alphabet Inc.

Since October 27, 2017, it had 0 insider buys, and 21 insider sales for $34.51 million activity. Shares for $936,291 were sold by Gangestad Nicholas C. 6,823 shares were sold by THULIN INGE G, worth $1.59M. Little Frank R Jr. had sold 1,500 shares worth $351,708 on Friday, October 27. Shares for $1.86 million were sold by Shin Hak Cheol on Thursday, February 1. 13,480 shares were sold by Keel Paul A, worth $3.33M. Shares for $1.02 million were sold by Roman Michael F.

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. As per Tuesday, December 12, the company rating was maintained by RBC Capital Markets. On Tuesday, April 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, December 14 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by RBC Capital Markets on Wednesday, October 25 with “Hold”. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Credit Suisse on Friday, April 28. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Wednesday, December 16. RBC Capital Markets has “Underperform” rating and $136 target. The firm earned “Hold” rating on Monday, July 10 by RBC Capital Markets. JP Morgan downgraded the shares of MMM in report on Wednesday, September 20 to “Underweight” rating. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Stifel Nicolaus on Wednesday, April 26. The rating was maintained by UBS on Friday, July 24 with “Buy”.

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It improved, 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. Harvey Capital Management invested 0.43% of its portfolio in 3M Company (NYSE:MMM). Atlantic Trust Group Limited Liability has 98,002 shares for 0.1% of their portfolio. East Coast Asset Ltd holds 0.36% or 5,673 shares in its portfolio. Virtus Invest Advisers reported 27,162 shares or 0.25% of all its holdings. Clark Capital Mngmt Grp accumulated 6,268 shares or 0.05% of the stock. Alpha Windward Limited Liability Corporation holds 0.2% of its portfolio in 3M Company (NYSE:MMM) for 1,441 shares. 4,672 are held by Wealth Enhancement Advisory Serv Ltd Liability Corporation. Teachers Insurance & Annuity Association Of America invested in 0.7% or 57,996 shares. Pineno Levin And Ford Asset Management has 1,363 shares. Cambridge Inv Rech Incorporated stated it has 101,193 shares. Bp Pcl has 0.64% invested in 3M Company (NYSE:MMM) for 76,000 shares. Federated Investors Pa, a Pennsylvania-based fund reported 11,726 shares. Sarasin & Partners Ltd Liability Partnership holds 713,619 shares. Edgar Lomax Company Va stated it has 72,494 shares. Rowland Co Counsel Adv invested 0.57% in 3M Company (NYSE:MMM).

Since February 16, 2018, it had 0 insider purchases, and 3 sales for $930,912 activity.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 173 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, January 8 by BMO Capital Markets. The company was maintained on Wednesday, July 22 by Wunderlich. The company was maintained on Wednesday, January 6 by Barclays Capital. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Hold” rating given on Wednesday, September 13 by Canaccord Genuity. Jefferies maintained the stock with “Underperform” rating in Friday, January 29 report. The rating was maintained by Jefferies with “Sell” on Tuesday, June 13. On Thursday, October 1 the stock rating was upgraded by Bank of America to “Neutral”. The company was upgraded on Friday, October 23 by Bank of America. The firm has “Buy” rating by Credit Suisse given on Tuesday, August 22. On Friday, February 2 the stock rating was maintained by Nomura with “Buy”.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26 after the close. They expect $0.85 earnings per share, up 16.44% or $0.12 from last year’s $0.73 per share. MSFT’s profit will be $6.54 billion for 27.39 P/E if the $0.85 EPS becomes a reality. After $0.96 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It turned negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Pillar Pacific Capital Management Ltd Liability Company stated it has 163,219 shares. Glenmede Trust Communication Na invested in 3.76 million shares or 1.34% of the stock. Checchi Advisers Ltd Limited Liability Company owns 82,355 shares. First Citizens Fincl Bank And has invested 1.52% in Microsoft Corporation (NASDAQ:MSFT). Marco Invest Management Limited Liability Corp holds 1.54% in Microsoft Corporation (NASDAQ:MSFT) or 117,720 shares. Berson Corrado Invest Advsrs Ltd Liability Com invested in 34,429 shares. 2,694 were reported by New England And Retirement Gru. Parallax Volatility Advisers Lp holds 0.05% or 461,967 shares. Sheets Smith Wealth Mngmt holds 1.06% in Microsoft Corporation (NASDAQ:MSFT) or 52,583 shares. 772,725 were reported by Cullen Capital Mngmt Ltd. Sabal Company, Florida-based fund reported 364,790 shares. 68,650 were reported by Cap Planning Advsrs Lc. Asset has 3.82% invested in Microsoft Corporation (NASDAQ:MSFT). 8,650 were reported by Field And Main National Bank. Washington Tru accumulated 273,063 shares or 1.31% of the stock.

3M Company (NYSE:MMM) Institutional Positions Chart

Leave a Reply

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