Centurylink Investment Management Company Has Trimmed By $411,955 Its 3M Co (MMM) Holding; Long Pond Capital LP Has Boosted Its Equity Residential (EQR) Position

May 18, 2018 - By Peter Erickson

3M Company (NYSE:MMM) Logo

Centurylink Investment Management Company decreased 3M Co (MMM) stake by 16.77% reported in 2017Q4 SEC filing. Centurylink Investment Management Company sold 1,753 shares as 3M Co (MMM)’s stock declined 8.03%. The Centurylink Investment Management Company holds 8,699 shares with $2.05 million value, down from 10,452 last quarter. 3M Co now has $118.95 billion valuation. The stock increased 0.76% or $1.51 during the last trading session, reaching $200.36. About 2.27 million shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 18, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Long Pond Capital Lp increased Equity Residential (EQR) stake by 20.52% reported in 2017Q4 SEC filing. Long Pond Capital Lp acquired 204,376 shares as Equity Residential (EQR)’s stock declined 6.97%. The Long Pond Capital Lp holds 1.20M shares with $76.53 million value, up from 995,780 last quarter. Equity Residential now has $22.84 billion valuation. The stock decreased 0.85% or $0.51 during the last trading session, reaching $59.74. About 1.64M shares traded. Equity Residential (NYSE:EQR) has declined 4.58% since May 18, 2017 and is downtrending. It has underperformed by 16.13% the S&P500.

Since January 31, 2018, it had 0 insider purchases, and 16 selling transactions for $30.99 million activity. $1.68M worth of stock was sold by Shin Hak Cheol on Thursday, February 1. Another trade for 44 shares valued at $11,102 was sold by THULIN INGE G. On Thursday, February 1 the insider Gangestad Nicholas C sold $419,846. Bauman James L also sold $700,790 worth of 3M Company (NYSE:MMM) on Friday, February 2. $742,051 worth of stock was sold by Little Frank R Jr. on Friday, February 23. Vrohidis Ippocratis also sold $56,178 worth of 3M Company (NYSE:MMM) on Thursday, February 1. 13,480 shares valued at $3.33 million were sold by Keel Paul A on Thursday, February 1.

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It improved, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. Ashford Cap Management Inc owns 0.07% invested in 3M Company (NYSE:MMM) for 1,883 shares. Pinnacle Ptnrs holds 0.25% of its portfolio in 3M Company (NYSE:MMM) for 10,096 shares. Fiduciary Financial Svcs Of The Southwest Tx reported 6,853 shares or 0.47% of all its holdings. Griffin Asset Mngmt holds 26,004 shares or 1.09% of its portfolio. Notis holds 3.56% in 3M Company (NYSE:MMM) or 26,310 shares. 5,732 were reported by Woodley Farra Manion Portfolio Mgmt. Cubist Systematic Strategies holds 9,056 shares. Kings Point Mngmt invested 0.07% of its portfolio in 3M Company (NYSE:MMM). The Alabama-based Kistler has invested 0.35% in 3M Company (NYSE:MMM). Lbmc Investment Advsr Ltd Limited Liability Company has 925 shares for 0.04% of their portfolio. Smith Moore Co has 0.59% invested in 3M Company (NYSE:MMM). Tortoise Invest Ltd Liability invested in 0.23% or 3,384 shares. Mutual Of Omaha Bancshares Wealth Mngmt, a Arizona-based fund reported 3,260 shares. Ancora Advsr Limited has 0.68% invested in 3M Company (NYSE:MMM) for 54,135 shares. Northeast Finance Consultants Incorporated stated it has 0.16% in 3M Company (NYSE:MMM).

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 19.05 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.

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 firm has “Sell” rating given on Thursday, January 18 by J.P. Morgan. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Thursday, May 3 by RBC Capital Markets. Jefferies maintained the stock with “Buy” rating in Monday, May 29 report. On Tuesday, April 19 the stock rating was maintained by Citigroup with “Buy”. The stock has “Buy” rating by Credit Suisse on Friday, April 28. Goldman Sachs downgraded the stock to “Sell” rating in Monday, November 21 report. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, April 25 report. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Deutsche Bank on Tuesday, August 25. As per Monday, October 2, the company rating was maintained by Morgan Stanley. The stock has “Underperform” rating by RBC Capital Markets on Wednesday, December 16.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “Jefferies cautious on 3M amid rate, recession fears” on May 16, 2018, also 247Wallst.com with their article: “Why 3M Earnings Aren’t Enough” published on April 24, 2018, Investorplace.com published: “Resistance Looms Large for 3M Co Stock — Short It!” on May 11, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M: Pullback Has Prompted Me To Increase My Position” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “3M: Buy On Earnings Dip?” with publication date: April 25, 2018.

Since February 7, 2018, it had 0 insider buys, and 10 sales for $1.35 million activity. The insider Altshuler Barry sold 5,182 shares worth $316,864. $46,720 worth of Equity Residential (NYSE:EQR) shares were sold by Manelis Michael L. $427,929 worth of Equity Residential (NYSE:EQR) shares were sold by Parrell Mark J.. 117 shares were sold by Sorenson Christa L, worth $6,807. $39,796 worth of Equity Residential (NYSE:EQR) was sold by Kaufman Ian on Wednesday, February 7. $325,179 worth of Equity Residential (NYSE:EQR) shares were sold by Santee David S. Brackenridge Alexander had sold 819 shares worth $47,651.

Investors sentiment increased to 1.11 in 2017 Q4. Its up 0.21, from 0.9 in 2017Q3. It is positive, as 35 investors sold EQR shares while 148 reduced holdings. 54 funds opened positions while 149 raised stakes. 338.98 million shares or 0.29% less from 339.97 million shares in 2017Q3 were reported. Cornerstone Capital Mgmt Holding Lc has invested 0.12% in Equity Residential (NYSE:EQR). Glenmede Tru Communications Na invested in 14,140 shares or 0% of the stock. Gemmer Asset Limited Liability Corp stated it has 233 shares or 0.01% of all its holdings. 19,442 are owned by Sumitomo Life Ins Co. Highbridge Capital Lc invested in 93,000 shares. Cambridge Research Advisors holds 0% or 5,411 shares. Sector Pension Inv Board holds 19,279 shares or 0.01% of its portfolio. Carroll Fincl Associate has invested 0% in Equity Residential (NYSE:EQR). 14,640 were accumulated by Liberty Mutual Grp Asset Mgmt. Bb&T Secs Limited Co owns 7,099 shares for 0.01% of their portfolio. Whittier Trust invested 0.01% of its portfolio in Equity Residential (NYSE:EQR). Stanley has invested 0.45% in Equity Residential (NYSE:EQR). Asset Management has invested 0.01% in Equity Residential (NYSE:EQR). Louisiana State Employees Retirement Sys reported 22,200 shares. Fil Ltd stated it has 268,901 shares.

Among 25 analysts covering Equity Residential (NYSE:EQR), 7 have Buy rating, 1 Sell and 17 Hold. Therefore 28% are positive. Equity Residential has $91 highest and $60.0 lowest target. $70.89’s average target is 18.66% above currents $59.74 stock price. Equity Residential had 87 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Equity Residential (NYSE:EQR) rating on Monday, May 2. RBC Capital Markets has “Sector Perform” rating and $74 target. Jefferies maintained Equity Residential (NYSE:EQR) on Friday, September 8 with “Hold” rating. The firm earned “Hold” rating on Tuesday, October 3 by Robert W. Baird. BMO Capital Markets maintained the stock with “Hold” rating in Monday, November 27 report. The stock of Equity Residential (NYSE:EQR) has “Neutral” rating given on Monday, October 31 by Mizuho. Jefferies maintained Equity Residential (NYSE:EQR) rating on Monday, July 17. Jefferies has “Hold” rating and $6700 target. On Tuesday, October 24 the stock rating was maintained by SunTrust with “Buy”. The rating was downgraded by Miller Tabak to “Sell” on Monday, November 9. The stock has “Hold” rating by BB&T Capital on Tuesday, November 10. The rating was maintained by Jefferies on Monday, February 5 with “Hold”.

3M Company (NYSE:MMM) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>