Tnb Financial Decreased Its 3M Co (MMM) Stake as Shares Declined

April 17, 2018 - By Benjamin Allen

3M Company (NYSE:MMM) Corporate LogoDuring Q4 2017 the big money sentiment increased to 0.83. That’s change of 0.06, from 2017Q3’s 0.77. 47 investors sold all, 635 reduced holdings as MMM ratio is positive. 416 grew positions while 147 funds amassed positions. Funds hold 383.04 million shares thus 1.04% less from 2017Q3’s 387.06 million shares. Balyasny Asset Mngmt Limited Liability Co owns 13,325 shs. Bancorporation Pictet & Cie (Asia) Limited accumulated 3.72% or 36,427 shs. Gulf International Commercial Bank (Uk) Limited invested in 0.56% or 188,317 shs. Marble Harbor Investment Counsel Ltd Liability Corporation invested in 2.37% or 51,877 shs. Signature Financial Management has 2,980 shs for 0.19% of their capital. Millennium Mgmt Lc has invested 0.04% in 3M Company (NYSE:MMM). 1,850 are owned by Laurel Grove Cap Lc. 1,978 were accumulated by Mcf Advsr Ltd Co. Impax Asset Mgmt Limited accumulated 0.12% or 18,069 shs. Gibson Limited Liability holds 0.1% or 1,240 shs in its capital. Amer Economic Planning Grp Inc Adv has 0.14% invested in 3M Company (NYSE:MMM) for 1,640 shs. Field Main National Bank reported 595 shs or 0.13% of all its holdings. 10,418 are held by Cahill Fincl Advsrs. Coldstream Capital Mgmt holds 16,172 shs. Cedar Hill Associate Limited stated it has 0.07% of its capital in 3M Company (NYSE:MMM).

MMM registered $34.51 million net activity with 0 buys and 21 sales since October 27, 2017. On Tuesday, October 31 Lindekugel Jon T also sold $92,023 worth of 3M Company (NYSE:MMM). On Thursday, February 1 a trade for 6,799 shs valued at $1.68 million was made by Shin Hak Cheol. On Friday, October 27 Shares for $351,708 were sold by Little Frank R Jr.. On Friday, October 27 THULIN INGE G sold $1.59M worth of 3M Company (NYSE:MMM) or 6,823 shs. Keel Paul A also sold $3.33M worth of 3M Company (NYSE:MMM) on Thursday, February 1. 225 shs were sold by Vrohidis Ippocratis, worth $56,178.

In 3M Co (MMM) was reduced the holdings owned by Tnb Financial. The decrease is 65.38% according to 2017Q4 Securities and Exchange filling. By selling 25,318 shares Tnb Financial made the stock sank with 8.03%. The medical and dental instruments company at the end of 2017Q4 was valued at $3.16 million. It’s down from 38,725 at the end of the previous reported quarter. Now it had 13,407 shares held by the institutional investor . For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24. They expect $2.53 earnings per share, up 17.13 % or $0.37 from last year’s $2.16 per share. MMM’s profit will be $1.50B for 21.51 P/E if the $2.53 EPS becomes a reality. After $2.10 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 20.48 % EPS growth.

3M Company (NYSE:MMM) Ratings Coverage

Total analysts of 13 have positions in 3M Company (NYSE:MMM) as follows: 7 rated it a “Buy”, 2 with “Sell” and 4 with “Hold”. The positive are 54%. The firm has $28400 highest while $209.0 is the lowest [Target]. The average target $250.36 is 15.00% above the last ($217.7) price. Since October 25, 2017 according to StockzIntelligence Inc 3M Company has 25 analyst reports. On Wednesday, October 25 Goldman Sachs upgraded 3M Company (NYSE:MMM) to “Hold” rating. On Wednesday, January 3 the firm has “Hold” rating by RBC Capital Markets given. On Thursday, February 15 Stifel Nicolaus maintained the shares of MMM in report with “Hold” rating. On Wednesday, October 25 the rating was maintained by Bank of America with “Buy”. On Thursday, January 18 the stock of 3M Company (NYSE:MMM) has “Sell” rating given by J.P. Morgan. On Wednesday, October 25 RBC Capital Markets maintained the shares of MMM in report with “Hold” rating. In Tuesday, April 3 report Stifel Nicolaus maintained the stock with “Hold” rating. On Tuesday, February 13 the firm has “Buy” rating by Deutsche Bank given. On Thursday, March 22 the company was maintained by RBC Capital Markets. On Thursday, January 25 RBC Capital Markets maintained 3M Company (NYSE:MMM) rating. RBC Capital Markets has “Hold” rating and $254.0 target.

3M Company (NYSE:MMM) Institutional Investors Chart

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