Thursday, 13 December, 2018


3M (NYSE:MMM) Updates FY18 Earnings Guidance

Melba Vasquez | 24 December, 2017, 17:08

Following the completion of the sale, the chairman now owns 196,906 shares of the company's stock, valued at $45,906,664.84. Another trade for 6,823 shares valued at $1.59 million was sold by THULIN INGE G. Aviva Plc who had been investing in Us Bancorp Del for a number of months, seems to be bullish on the $90.49 billion market cap company. About 3.93 million shares traded. KBR, Inc. (NYSE:KBR) has risen 5.89% since December 23, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

In related news, VP Marlene Mary Mcgrath sold 14,766 shares of the business's stock in a transaction dated Thursday, May 18th. (NYSE:SSI) for 84,610 shares.

Among 39 analysts covering Visa Inc.

Among 6 analysts covering Civitas Solutions (NYSE:CIVI), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 82% are positive. RBC Capital Markets maintained the shares of MMM in report on Wednesday, October 26 with "Underperform" rating. Shareholders of record on Friday, November 24th were given a dividend of $0.0118 per share. The firm earned "Buy" rating on Tuesday, April 12 by Jefferies. Royal Bank of Canada boosted their target price on shares of 3M from $205.00 to $209.00 and gave the company a sector perform rating in a report on Wednesday, October 25th. 3M makes up about 3.5% of First Fiduciary Investment Counsel Inc.'s holdings, making the stock its 10th biggest position. (NYSE:V) has "Buy" rating given on Thursday, July 20 by Piper Jaffray. The rating was maintained by Credit Suisse on Tuesday, March 15 with "Outperform". The firm has "Hold" rating given on Wednesday, July 19 by Oppenheimer. The rating was initiated by Canaccord Genuity on Wednesday, September 16 with "Buy".

Investors sentiment increased to 1.14 in 2017 Q3. Its down 0.13, from 1.13 in 2017Q2. It dived, as 49 investors sold EL shares while 211 reduced holdings. Loomis Sayles Limited Partnership holds 201 shares or 0% of its portfolio.

Tdam Usa Inc, which manages about $16.26B and $1.70B US Long portfolio, upped its stake in United Technologies Corp (NYSE:UTX) by 27,952 shares to 95,964 shares, valued at $11.14M in 2017Q3, according to the filing. Fishman Jay A Mi owns 2,308 shares. Utd States Steel And Carnegie Pension Fund owns 408,102 shares. Huntington National Bank holds 0.7% or 197,748 shares. Capstone Finance Advsr holds 0.02% of its portfolio in Stage Stores, Inc. (NYSE:SSI) or 813 shares. New York-based Southpoint Cap Advisors Ltd Partnership has invested 1.73% in Visa Inc. New York State Teachers Retirement Systems holds 990,865 shares or 0.52% of its portfolio. Cibc Mkts Corp invested in 339,826 shares or 0.68% of the stock. 22,902 were accumulated by Carret Asset Mngmt Limited Liability Company. Gotham Asset Ltd Liability invested in 23,546 shares. UBS Asset Management Americas Inc. grew its position in 3M by 4.9% in the 2nd quarter. Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.01% invested in KBR, Inc.

Ls Investment Advisors Llc increased its stake in Estee Lauder Cos Cl A (EL) by 119.1% based on its latest 2017Q3 regulatory filing with the SEC. Virtus Invest Advisers Inc holds 1,924 shares. 3M had 69 analyst reports since July 24, 2015 according to SRatingsIntel. They expect $2.02 earnings per share, up 7.45 % or $0.14 from last year's $1.88 per share. The company has a market capitalization of $139,840.00, a PE ratio of 26.47, a P/E/G ratio of 2.57 and a beta of 1.10. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. sell-side analysts predict that 3M Company will post 9.08 EPS for the current year.

Since August 11, 2017, it had 0 buys, and 8 selling transactions for $5.40 million activity. Another trade for 1,500 shares valued at $351,708 was sold by Little Frank R Jr. Jackson Grant Investment Advisers Inc. now owns 714 shares of the conglomerate's stock valued at $128,000 after buying an additional 4 shares during the last quarter.

In other news, CAO Ippocratis Vrohidis sold 1,725 shares of the company's stock in a transaction dated Tuesday, October 31st. Gangestad Nicholas C had sold 4,004 shares worth $936,291. Another trade for 400 shares valued at $92,023 was sold by Lindekugel Jon T. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Therefore 0 are positive. The rating was maintained by Stifel Nicolaus on Wednesday, July 19 with "Hold". The stock of 3M Company (NYSE:MMM) earned "Underperform" rating by RBC Capital Markets on Wednesday, December 16.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. The rating was maintained by Citigroup on Monday, August 22 with "Neutral". RBC Capital Markets maintained U.S. Bancorp (NYSE:USB) on Thursday, September 7 with "Buy" rating. The rating was maintained by Jefferies with "Buy" on Tuesday, September 26. Canaccord Genuity maintained the stock with "Buy" rating in Wednesday, June 14 report. The stock has "Buy" rating by Deutsche Bank on Thursday, August 20. Stifel Nicolaus maintained 3M Company (NYSE:MMM) on Wednesday, December 13 with "Hold" rating.

3M earned a news sentiment score of 0.13 on Accern's scale. Its down 0.12, from 1.15 in 2017Q2. It turned negative, as 59 investors sold MMM shares while 612 reduced holdings.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its position in shares of 3M by 0.3% during the first quarter. Nelson Roberts Inv Limited Com has invested 0.07% of its portfolio in 3M Company (NYSE:MMM). Brinker stated it has 3,679 shares or 0.03% of all its holdings. Strs Ohio, Ohio-based fund reported 322,854 shares. 417,353 were reported by Suntrust Banks Incorporated. Bkd Wealth Ltd Llc has invested 0.42% in 3M Company (NYSE:MMM). Reilly Finance Ltd Liability has invested 0.02% in 3M Company (NYSE:MMM). The company has a current ratio of 2.07, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. Profund Limited Liability Co has invested 0.19% in 3M Company (NYSE:MMM). Davidson & Garrard owns 0.27% invested in 3M Company (NYSE:MMM) for 5,560 shares. Carnegie Cap Asset Management Llc invested in 0.49% or 18,890 shares. After $-22.03 actual EPS reported by Alleghany Corporation for the previous quarter, Wall Street now forecasts -134.41% EPS growth.

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