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Atlanta Capital Group Stake in 3M Co (MMM) Has Cut as Market Value Declined; Intel Corp. (INTC) Holder Cullen Capital Management Has Decreased Its Position

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Atlanta Capital Group decreased its stake in 3M Co (MMM) by 2.95% based on its latest 2018Q1 regulatory filing with the SEC. Atlanta Capital Group sold 7,527 shares as the company’s stock declined 18.48% with the market. The institutional investor held 247,730 shares of the medical and dental instruments company at the end of 2018Q1, valued at $54.38 million, down from 255,257 at the end of the previous reported quarter. Atlanta Capital Group who had been investing in 3M Co for a number of months, seems to be less bullish one the $116.08 billion market cap company. The stock decreased 1.29% or $2.56 during the last trading session, reaching $195.52. About 2.38 million shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 21, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 13/04/2018 – U.S. 3M Libor Yield at 2.49% by End-3Q vs 2.38% Prior (Correct); 22/03/2018 – 3M Introduces New Molecular Method for Campylobacter; 13/03/2018 – Communicating In Tough Conditions Just Got Easier With New Post-it Extreme Notes; 07/04/2018 – MALAYSIA PM NAJIB’S COALITION PLEDGES 3M NEW JOBS IN 5 YEARS; 15/05/2018 – SOROS FUND MANAGEMENT DISSLOVES SHARE STAKE IN 3M – SEC FILING; 08/05/2018 – 3M CO SAYS EXPECTS FY 2018 GROSS SHARE REPURCHASES WILL BE IN THE RANGE OF $3.0 BLN TO $5.0 BLN – SEC FILING; 27/03/2018 – Australia 3M Interbank Yield at 1.83% by End-1Q18 (Survey); 24/04/2018 – 3M CO MMM.N FY2018 SHR VIEW $10.53 — THOMSON REUTERS l/B/E/S; 17/04/2018 – 3M Design and Architectural Markets Business Inspire Visitors at Milan Design Week 2018; 24/04/2018 – 3M sinks 8%, eyes biggest drop since 2006

Cullen Capital Management Llc decreased its stake in Intel Corp. (INTC) by 1.91% based on its latest 2018Q1 regulatory filing with the SEC. Cullen Capital Management Llc sold 29,910 shares as the company’s stock rose 12.89% while stock markets declined. The institutional investor held 1.53M shares of the semiconductors company at the end of 2018Q1, valued at $79.89M, down from 1.56M at the end of the previous reported quarter. Cullen Capital Management Llc who had been investing in Intel Corp. for a number of months, seems to be less bullish one the $243.21B market cap company. The stock decreased 2.38% or $1.27 during the last trading session, reaching $52.19. About 40.98 million shares traded or 46.51% up from the average. Intel Corporation (NASDAQ:INTC) has risen 52.90% since June 21, 2017 and is uptrending. It has outperformed by 40.33% the S&P500. Some Historical INTC News: 09/03/2018 – INTEL CORP INTC.O CONSIDERS POSSIBLE BID FOR BROADCOM – WSJ, CITING; 12/03/2018 – Intel For Broadcom? Street Blanches at Potential $170B Deal — Barron’s Blog; 26/04/2018 – INTEL CORP – CO HAS PATCHED ALL CHIPS GOING BACK 9 YEARS AGAINST SPECTRE AND MELTDOWN CHIP FLAWS – CEO, COF CALL; 16/04/2018 – Intel’s Chip Lead Disappearing, Says Linley Group — Barron’s Blog; 26/04/2018 – INTEL CORP INTC.O FY2018 SHR VIEW $3.57, REV VIEW $65.15 BLN — THOMSON REUTERS l/B/E/S; 08/05/2018 – CNBC Wires: EXCLUSIVE – COMPANIES INCLUDING AMAZON, INTEL AND AIRBUS VIE TO TAKE PART IN DRONE TESTS THAT U.S. WILL ANNOUNCE; 12/03/2018 – Australian Gov: WIPO PUBLISHES PATENT OF INTEL FOR “MAINTAINING A SOURCE ENB CONNECTION DURING HANDOVER” (CHINESE, AMERICAN; 09/03/2018 – CNET Taiwan: Intel might buy Broadcom, which is trying to buy Qualcomm; 21/03/2018 – Hensel Phelps at Work on $13.5 Billion in Active Projects, Mostly for Tech Leaders Intel, Microsoft, an Industrial Info News Al; 16/05/2018 – France’s Macron to meet CEOs of Facebook, Intel, IBM on May 23

Among 55 analysts covering Intel Corporation (NASDAQ:INTC), 36 have Buy rating, 4 Sell and 15 Hold. Therefore 65% are positive. Intel Corporation had 268 analyst reports since August 7, 2015 according to SRatingsIntel. Mizuho maintained it with “Buy” rating and $38 target in Thursday, July 21 report. Roth Capital maintained the stock with “Buy” rating in Friday, January 15 report. The rating was maintained by Citigroup with “Buy” on Tuesday, June 12. The rating was maintained by Brean Capital on Thursday, July 21 with “Buy”. Bernstein downgraded Intel Corporation (NASDAQ:INTC) on Wednesday, March 1 to “Underperform” rating. Jefferies maintained Intel Corporation (NASDAQ:INTC) rating on Friday, January 26. Jefferies has “Sell” rating and $38.0 target. The rating was maintained by Pacific Crest with “Overweight” on Thursday, July 21. The company was reinitiated on Friday, August 28 by RBC Capital Markets. The company was maintained on Thursday, January 25 by Stifel Nicolaus. Needham maintained Intel Corporation (NASDAQ:INTC) on Wednesday, July 12 with “Buy” rating.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on July, 26. They expect $0.86 EPS, up 19.44% or $0.14 from last year’s $0.72 per share. INTC’s profit will be $4.01B for 15.17 P/E if the $0.86 EPS becomes a reality. After $0.87 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts -1.15% negative EPS growth.

Cullen Capital Management Llc, which manages about $3.87B and $2.82B US Long portfolio, upped its stake in Altria Group Inc. (NYSE:MO) by 5,195 shares to 998,795 shares, valued at $62.25 million in 2018Q1, according to the filing. It also increased its holding in Verizon Communications Inc. (NYSE:VZ) by 41,010 shares in the quarter, for a total of 133,560 shares, and has risen its stake in Siemens Ag (Adr) (SIEGY).

Since January 22, 2018, it had 0 insider purchases, and 21 insider sales for $11.14 million activity. Shenoy Navin had sold 1,643 shares worth $80,974. McBride Kevin Thomas also sold $31,943 worth of Intel Corporation (NASDAQ:INTC) on Wednesday, February 21. Another trade for 3,072 shares valued at $144,706 was sold by Krzanich Brian M. BRYANT ANDY D had sold 35,693 shares worth $1.89 million on Tuesday, May 8. HUNDT REED E had sold 20,000 shares worth $1.07 million. $1.33M worth of Intel Corporation (NASDAQ:INTC) was sold by YOFFIE DAVID B.

Investors sentiment decreased to 0.76 in Q1 2018. Its down 0.26, from 1.02 in 2017Q4. It is negative, as 76 investors sold INTC shares while 796 reduced holdings. 131 funds opened positions while 531 raised stakes. 3.00 billion shares or 1.96% less from 3.06 billion shares in 2017Q4 were reported. Waratah Advsr Ltd invested in 0.2% or 36,552 shares. Vaughan Nelson Invest L P, a Texas-based fund reported 27,000 shares. Ubs Oconnor Ltd Liability has invested 0% in Intel Corporation (NASDAQ:INTC). Clarivest Asset Mgmt Lc owns 3,625 shares. American Natl Bank reported 0.22% in Intel Corporation (NASDAQ:INTC). First Hawaiian Commercial Bank reported 0.04% of its portfolio in Intel Corporation (NASDAQ:INTC). Tradewinds Capital Mgmt Llc, a Washington-based fund reported 19,640 shares. Dt Invest Prtn Ltd Liability has invested 0.69% of its portfolio in Intel Corporation (NASDAQ:INTC). Sg Americas Securities Limited Liability Company invested 0.2% in Intel Corporation (NASDAQ:INTC). Coastline Trust invested in 0.87% or 108,492 shares. Counselors Inc, a Missouri-based fund reported 485,027 shares. Scholtz reported 12,125 shares stake. San Francisco Sentry Investment Grp (Ca) reported 0.66% stake. Moreover, Nomura Asset Limited has 1.36% invested in Intel Corporation (NASDAQ:INTC). Sunbelt, a Texas-based fund reported 5,332 shares.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Seekingalpha.com which released: “Micron dips despite Q3 beats; NAND and DRAM shipments flat Q/Q” on June 20, 2018, also Nasdaq.com with their article: “With GE Gone, It’s Time to Stop Covering the Dow Jones Index” published on June 20, 2018, Nasdaq.com published: “Why Intel Shouldn’t Do a Stock Split Yet” on June 16, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Seekingalpha.com and their article: “Intel Selloff, Shareholders Can Still Act” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Intel: Time To Be Cautious” with publication date: June 13, 2018.

Since January 31, 2018, it had 0 buys, and 16 sales for $30.99 million activity. Another trade for 225 shares valued at $56,178 was made by Vrohidis Ippocratis on Thursday, February 1. The insider Little Frank R Jr. sold 3,133 shares worth $742,051. Shares for $1.86 million were sold by Shin Hak Cheol on Thursday, February 1. Roman Michael F sold 4,146 shares worth $1.02M. $700,790 worth of 3M Company (NYSE:MMM) was sold by Bauman James L. Shares for $11,102 were sold by THULIN INGE G on Wednesday, January 31.

Atlanta Capital Group, which manages about $1.02 billion and $660.32 million US Long portfolio, upped its stake in John Hancock Exchange Traded by 18,690 shares to 198,176 shares, valued at $7.35M in 2018Q1, according to the filing. It also increased its holding in Janus Detroit Str Tr by 24,266 shares in the quarter, for a total of 309,374 shares, and has risen its stake in Ishares Tr (ITOT).

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Wednesday, April 26 by Stifel Nicolaus. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 3. The firm has “Underperform” rating by RBC Capital Markets given on Friday, October 23. Jefferies maintained it with “Buy” rating and $234.0 target in Monday, August 14 report. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Jefferies on Thursday, June 1. The firm has “Underperform” rating by RBC Capital Markets given on Friday, July 24. Citigroup maintained it with “Buy” rating and $228 target in Wednesday, July 26 report. Bernstein maintained 3M Company (NYSE:MMM) on Wednesday, March 30 with “Market Perform” rating. On Thursday, January 25 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, October 25.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 EPS, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56B for 18.59 P/E if the $2.63 EPS becomes a reality. After $2.50 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It dropped, 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. Godshalk Welsh Capital Incorporated has invested 0.91% in 3M Company (NYSE:MMM). Davis R M Incorporated has 1.35% invested in 3M Company (NYSE:MMM). Citadel Advisors Ltd Llc reported 48,699 shares or 0.01% of all its holdings. Whitnell And holds 0.62% or 6,730 shares. Tctc Hldgs Limited Com accumulated 1.4% or 119,914 shares. Btr Capital accumulated 0.17% or 3,777 shares. Teacher Retirement Of Texas holds 0.5% of its portfolio in 3M Company (NYSE:MMM) for 340,048 shares. 213,799 are owned by Meyer Handelman. Hightower Advisors Lc holds 0.42% or 229,870 shares. Ftb Advsr holds 4,730 shares or 0.1% of its portfolio. Mirae Asset Ltd owns 14,669 shares. Rfg Advisory Group Incorporated Ltd Limited Liability Company invested 0.1% of its portfolio in 3M Company (NYSE:MMM). Northstar Group Incorporated has invested 0.98% in 3M Company (NYSE:MMM). Montecito National Bank Tru invested in 0.46% or 6,438 shares. Boston Common Asset Mngmt Lc holds 0.94% or 36,291 shares.

3M Company (NYSE:MMM) Institutional Positions Chart

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