Parsons Capital Management INC Stake in 3M Co (MMM) Decreased by $8.82 Million; Shares Declined

June 27, 2018 - By Toni Killen

3M Company (NYSE:MMM) Corporate LogoBig Money Sentiment decreased to 0.77 in 2018 Q1. It has change of 0.06, from 2017Q4’s 0.83. The ratio is negative due to MMM positioning: 65 sold and 643 reduced. 113 funds took holdings and 434 increased holdings. Investors holded 383.04 million in 2017Q4 but now own 377.88 million shares or 1.35% less. Hwg Hldgs Limited Partnership has invested 0.02% in 3M Company (NYSE:MMM). Thompson Incorporated stated it has 2,182 shs or 0.09% of all its holdings. Profund Advisors Ltd Llc reported 31,441 shs stake. Aviance Prtn Limited Co invested in 0.64% or 9,682 shs. Wills Finance Grp Inc Inc reported 1.81% in 3M Company (NYSE:MMM). Rech & Mgmt Co stated it has 0.05% in 3M Company (NYSE:MMM). Dynamic Advisor Solutions Ltd Limited Liability Company holds 0.32% of its capital in 3M Company (NYSE:MMM) for 5,758 shs. Zacks Investment Mgmt holds 0.04% in 3M Company (NYSE:MMM) or 8,931 shs. Connor Clark And Lunn Investment Management stated it has 0.26% of its capital in 3M Company (NYSE:MMM). Altfest L J holds 5,882 shs. Parametrica Ltd holds 0.38% of its capital in 3M Company (NYSE:MMM) for 1,392 shs. Ashford Management owns 1,883 shs for 0.06% of their capital. Aperio Group Ltd accumulated 584,155 shs. Factory Mutual Insur invested in 122,300 shs or 0.29% of the stock. Cape Cod Five Cents National Bank & Trust invested 1.53% of its capital in 3M Company (NYSE:MMM).

MMM registered $30.99 million net activity with 0 insider purchases and 16 sales since January 31, 2018. 7,473 3M Company (NYSE:MMM) shs with value of $1.86M were sold by Shin Hak Cheol. 6,243 3M Company (NYSE:MMM) shs with value of $1.54M were sold by Vale Michael G.. Shares for $419,846 were sold by Gangestad Nicholas C on Thursday, February 1. Shares for $700,790 were sold by Bauman James L. Little Frank R Jr. sold 3,133 shs worth $742,051. 13,480 shs were sold by Keel Paul A, worth $3.33 million on Thursday, February 1.

Parsons Capital Management Inc’s holdings in 3M Co (MMM) is reduced by 12.45% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock sank 18.48% while Parsons Capital Management Inc sold 40,289 shares. At the end of 2018Q1, the institutional investor held 283,286 shares of the medical and dental instruments company, priced at $62.19 million, down from 323,575 at the end of the previous reported quarter. $118.44B is 3M Co’s MC. The stock increased 1.48% or $2.91 during the last trading session, reaching $199.49.Currently 3M Company is downtrending after 0.26% change in last June 27, 2017. MMM has 460,971 shares volume. MMM underperformed by 12.83% the S&P 500.

For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Earnings report for 3M Company (NYSE:MMM) is anticipated on July, 24., according to RTT. EPS of $2.63 is 1.94 % up from 2017’s $2.58 EPS. If $2.63 is reported, MMM’s profit will hit $1.56 billion for 18.96 P/E. Analysts at Wall Street see 3M Company’s 5.20 % EPS growth compared to $2.50 EPS for last quarter.

A couple more 3M Company (NYSE:MMM) news were announced by: which released on May 31, 2018 “3M Company: It Didn’t Take A Crystal Ball To See That It Was Overvalued – Part 3”, also on June 09, 2018 announced “3M Company: Time To Break Up This Giant?”, the next is “3M: Buy The Dip” on May 30, 2018. has article titled “The 1 Reason to Avoid 3M Company’s Stock”.

3M Company (NYSE:MMM) Ratings Coverage

A total of 12 analysts rate 3M Company (NYSE:MMM) as follows: 6 “Buy”, 3 “Hold” and 3 “Sell”. Тherefore 50% are bullish. The firm has $28400 highest and $210 lowest target. The avg target $233 is 16.80% above the last ($199.49) price. (NYSE:MMM) has 24 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Tuesday, February 13 the firm has “Buy” rating by Deutsche Bank given. On Thursday, April 26 the stock of 3M Company (NYSE:MMM) earned “Underweight” rating by JP Morgan. On Tuesday, April 3 the rating was maintained by Stifel Nicolaus with “Hold”. On Wednesday, May 16 the firm has “Hold” rating by Jefferies given. On Thursday, May 3 the rating was upgraded by RBC Capital Markets to “Buy”. In Wednesday, January 24 report Hilliard Lyons upgraded the stock to “Buy” rating. The company rating was maintained by Stifel Nicolaus on Thursday, February 15. In Thursday, March 22 report RBC Capital Markets maintained it with “Hold” rating and $24100 target. On Friday, January 26 the company was maintained by Stifel Nicolaus. On Tuesday, April 24 the stock has “Buy” rating by CFRA.

3M Company (NYSE:MMM) Institutional Investors Chart

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