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As Zoetis (ZTS) Market Value Rose, Shareholder Westpac Banking Raised Its Holding; Carderock Capital Management Increased 3M Co (MMM) Position by $1.37 Million; Stock Price Declined

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Carderock Capital Management Inc increased its stake in 3M Co (MMM) by 553.81% based on its latest 2018Q1 regulatory filing with the SEC. Carderock Capital Management Inc bought 6,258 shares as the company’s stock declined 18.48% with the market. The institutional investor held 7,388 shares of the medical and dental instruments company at the end of 2018Q1, valued at $1.62 million, up from 1,130 at the end of the previous reported quarter. Carderock Capital Management Inc who had been investing in 3M Co for a number of months, seems to be bullish on the $118.60B market cap company. The stock decreased 2.15% or $4.3975 during the last trading session, reaching $199.7725. About 2.02 million shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 19, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 22/05/2018 – Vomela/3M Teambuilding Event Results in Donation to the YMCA of the Greater Twin Cities; 02/04/2018 – Johnson Controls’ Power Solutions draws initial PE interest; 05/03/2018 – 3M Elevates Company Veteran to CEO as Thulin Shifts to New Role; 07/03/2018 – APPLE SAYS IT TRAINED 3M SUPPLIER WORKERS ON RIGHTS IN 2017; 15/05/2018 – SOROS FUND MANAGEMENT DISSLOVES SHARE STAKE IN 3M – SEC FILING; 24/04/2018 – 3M CO MMM.N SEES FY 2018 GAAP SHR $8.68 TO $9.03; 05/03/2018 – 3M Announces New Leadership Appointments; 16/05/2018 – Universal Laser Systems Adds More 3M Materials to Its Database; 05/03/2018 – BREAKING: 3M appoints Michael F. Roman as CEO,effective July 1. Current CEO Inge Thulin becomes executive chairman; 24/04/2018 – CORNING – FOR 2018, OPTICAL COMMUNICATIONS SALES EXPECTED TO INCREASE BY ABOUT 10%, EXCLUDING CONTRIBUTION FROM PENDING ACQUISITION OF A 3M DIVISION

Westpac Banking Corp increased its stake in Zoetis Inc (ZTS) by 0.28% based on its latest 2018Q1 regulatory filing with the SEC. Westpac Banking Corp bought 880 shares as the company’s stock rose 0.44% while stock markets declined. The institutional investor held 316,527 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $26.43B, up from 315,647 at the end of the previous reported quarter. Westpac Banking Corp who had been investing in Zoetis Inc for a number of months, seems to be bullish on the $42.28B market cap company. The ETF decreased 1.75% or $1.56 during the last trading session, reaching $87.37. About 1.63 million shares traded. BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) has risen 33.70% since June 19, 2017 and is uptrending. It has outperformed by 21.13% the S&P500. Some Historical ZTS News: 16/05/2018 – Zoetis to buy veterinary diagnostics firm Abaxis for $1.9 bln; 02/05/2018 – ZOETIS 1Q REV. $1.4B, EST. $1.35B; 16/05/2018 – Zoetis: Purchase Price of $83 Per Shr in Cash, or Approximately $2B in Aggregate; 16/05/2018 – ABAXIS – DEAL AGREEMENT ALSO PROVIDES THAT TERMINATION FEE OF $120 MLN MAY BE PAYABLE BY ZOETIS TO THE COMPANY UNDER OTHER SPECIFIED CIRCUMSTANCES; 19/04/2018 – ZOETIS INC ZTS.N : CITIGROUP RAISES TARGET PRICE TO $98 FROM $85; 02/05/2018 – Zoetis Backs FY EPS $2.77-EPS $2.93; 16/05/2018 – Zoetis To Buy Veterinary Diagnostics Company Abaxis For A 16% Premium — MarketWatch; 27/03/2018 – Cramer also sits down with the CEOs of Kohl’s and Zoetis; 16/05/2018 – ABAXIS – DEAL AGREEMENT PROVIDES THAT TERMINATION FEE OF $60 MLN MAY BE PAYABLE BY ZOETIS TO CO IF DEAL TERMINATED UNDER SPECIFIED CIRCUMSTANCES; 16/05/2018 – MOODY’S SAYS ZOETIS’ PURCHASE OF ABAXIS IS CREDIT NEGATIVE

Since February 21, 2018, it had 0 insider buys, and 5 selling transactions for $7.23 million activity. $2.89M worth of BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) was sold by Lagano Roxanne. Another trade for 32,000 shares valued at $2.60M was made by PECK KRISTIN C on Wednesday, February 21. Trawicki Roman also sold $712,001 worth of BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) on Friday, March 9.

Westpac Banking Corp, which manages about $5007.51 billion US Long portfolio, decreased its stake in M & T Bk Corp (NYSE:MTB) by 6,056 shares to 38,160 shares, valued at $7.04B in 2018Q1, according to the filing. It also reduced its holding in Cubesmart (NYSE:CUBE) by 916 shares in the quarter, leaving it with 618,883 shares, and cut its stake in Illumina Inc (NASDAQ:ILMN).

Among 21 analysts covering Zoetis Inc (NYSE:ZTS), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Zoetis Inc had 80 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Friday, February 16 with “Hold”. The rating was maintained by Piper Jaffray on Friday, September 29 with “Buy”. The stock of BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) earned “Buy” rating by Jefferies on Monday, October 16. Zacks downgraded the stock to “Hold” rating in Monday, September 7 report. The rating was maintained by PiperJaffray on Thursday, December 15 with “Overweight”. The company was maintained on Thursday, July 20 by Stifel Nicolaus. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, July 26 report. The firm earned “Buy” rating on Tuesday, June 20 by Hilliard Lyons. The rating was maintained by Cantor Fitzgerald with “Buy” on Tuesday, July 25. On Thursday, September 29 the stock rating was initiated by Bank of America with “Buy”.

Investors sentiment decreased to 1.12 in 2018 Q1. Its down 0.01, from 1.13 in 2017Q4. It dived, as 33 investors sold ZTS shares while 270 reduced holdings. 99 funds opened positions while 239 raised stakes. 419.33 million shares or 2.37% less from 429.52 million shares in 2017Q4 were reported. 5,895 are held by Element Capital Mgmt Ltd. Price T Rowe Assocs Md holds 9.95M shares or 0.13% of its portfolio. X Mngmt Communications Ltd Company stated it has 0.02% of its portfolio in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS). Davidson Advsr owns 127,305 shares. 1,600 are held by Mckinley Capital Ltd Liability Co Delaware. Tiaa Cref Mngmt Lc has 0.35% invested in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) for 6.19M shares. Kbc Grp Inc Nv holds 0.14% or 179,246 shares in its portfolio. Blb&B Advsr Limited Liability owns 51,164 shares. Mackenzie invested in 863,185 shares or 0.18% of the stock. Rothschild Asset Management Inc reported 0% of its portfolio in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS). Rbo And Limited Liability has invested 2.14% of its portfolio in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS). Park Avenue Securities Lc stated it has 0.14% in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS). Millennium Mngmt Llc reported 2.19 million shares. Public Employees Retirement Association Of Colorado invested 0.79% of its portfolio in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS). Harding Loevner Ltd Partnership, a New Jersey-based fund reported 380 shares.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It is negative, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. Alphaone Service Lc owns 0.09% invested in 3M Company (NYSE:MMM) for 1,524 shares. Blume Cap Inc holds 2,354 shares or 0.29% of its portfolio. 13,703 were accumulated by Invest Mgmt Of Virginia Limited Company. Rathbone Brothers Public Ltd Llc accumulated 33,915 shares. Metropolitan Life Insurance New York holds 0% in 3M Company (NYSE:MMM) or 117,303 shares. Buckhead Mngmt Ltd Liability Company has 30,323 shares for 1.47% of their portfolio. 2.23M were accumulated by Deutsche National Bank Ag. Mckinley Carter Wealth has invested 1.03% in 3M Company (NYSE:MMM). Harvest Cap Management stated it has 0.27% in 3M Company (NYSE:MMM). Synovus Fincl holds 39,770 shares. Fort Point Prtnrs Limited Liability Corp has 0.39% invested in 3M Company (NYSE:MMM) for 6,590 shares. Hite Hedge Asset Ltd Llc reported 1,280 shares or 0.06% of all its holdings. Dorsey Whitney Trust Co Limited Company has invested 2.14% in 3M Company (NYSE:MMM). Nordea Inv Mgmt invested 0.14% in 3M Company (NYSE:MMM). Lee Danner & Bass has invested 0.27% in 3M Company (NYSE:MMM).

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “The Market Needs A Glum Index – Cramer’s Mad Money (6/18/18)” on June 19, 2018, also Seekingalpha.com with their article: “3M Company: Time To Break Up This Giant?” published on June 09, 2018, Seekingalpha.com published: “3M: Buy The Dip” on May 30, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M Company: It Didn’t Take A Crystal Ball To See That It Was Overvalued – Part 3” published on May 31, 2018 as well as Seekingalpha.com‘s news article titled: “The Evolution Of A Stock Price Over 30 Years” with publication date: May 31, 2018.

3M Company (NYSE:MMM) Institutional Positions Chart

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