Clarivest Asset Management Trimmed Holding in Pinnacle Foods Del (PF) by $633,420 as Shares Rose; Blue Bell Private Wealth Management Has Increased Stake in 3M Company (MMM)

June 14, 2018 - By Maria Brooks

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Blue Bell Private Wealth Management Llc increased its stake in 3M Company (MMM) by 339.13% based on its latest 2018Q1 regulatory filing with the SEC. Blue Bell Private Wealth Management Llc bought 1,950 shares as the company’s stock declined 18.48% with the market. The institutional investor held 2,525 shares of the medical and dental instruments company at the end of 2018Q1, valued at $554,000, up from 575 at the end of the previous reported quarter. Blue Bell Private Wealth Management Llc who had been investing in 3M Company for a number of months, seems to be bullish on the $121.64B market cap company. The stock decreased 0.01% or $0.03 during the last trading session, reaching $204.89. About 2.10M shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 14, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 24/04/2018 – 3M Trims High-End of Guidance Range — Earnings Review; 24/05/2018 – Australia 3M Interbank Yield at 1.90% by End-2Q18 (Survey); 15/05/2018 – SOROS FUND MANAGEMENT LLC DISSOLVES SHARE STAKE IN GENERAL ELECTRIC CO; 15/03/2018 – U.S. 3M Libor Yield at 2.20% by End-2Q vs 2.05% Prior (Survey); 30/05/2018 – 3M INDIA 4Q NET INCOME 930.5M RUPEES VERSUS 903.9M RUPEES; 21/05/2018 – ALJ REGIONAL HOLDINGS INC – REAFFIRMS GUIDANCE RANGE FOR FULL FISCAL YEAR ENDING SEPT 30, 2018 – SEC FILING; 24/04/2018 – PAVILLON: 3M UNPAID LEAVE FOR ZHENG FENGWEN, EXEC DIRECTOR, CEO; 05/03/2018 – 3M CO – MICHAEL F. ROMAN SUCCEEDS INGE G. THULIN; 24/04/2018 – [PAV] PAVILLON HOLDINGS : 3M UNPAID LEAVE FOR ZHENG FENGWEN, EX; 04/04/2018 – 3M CO – KRISTEN LUDGATE IS APPOINTED SENIOR VICE PRESIDENT, HUMAN RESOURCES, EFFECTIVE JULY 1, 2018

Clarivest Asset Management Llc decreased its stake in Pinnacle Foods Inc Del (PF) by 2.58% based on its latest 2018Q1 regulatory filing with the SEC. Clarivest Asset Management Llc sold 11,730 shares as the company’s stock rose 14.88% while stock markets declined. The institutional investor held 443,060 shares of the consumer non-durables company at the end of 2018Q1, valued at $23.97M, down from 454,790 at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in Pinnacle Foods Inc Del for a number of months, seems to be less bullish one the $7.58 billion market cap company. The stock decreased 0.72% or $0.46 during the last trading session, reaching $63.64. About 3.23 million shares traded or 107.84% up from the average. Pinnacle Foods Inc. (NYSE:PF) has risen 4.53% since June 14, 2017 and is uptrending. It has underperformed by 8.04% the S&P500. Some Historical PF News: 19/04/2018 – JANA PARTNERS SAYS TO HAVE DISCUSSIONS WITH MEMBERS OF PINNACLE FOODS BOARD, MANAGEMENT REGARDING “VALUE CREATION MEASURES”; 03/05/2018 – PINNACLE FOODS REAFFIRMS YEAR GUIDANCE; 19/04/2018 – JANA Partners LLC Reports 9.1% Stake in Pinnacle Foods; 15/05/2018 – THIRD POINT LLC DISSOLVES SHARE STAKE IN PINNACLE FOODS INC – SEC FILING; 19/04/2018 – JANA PARTNERS SAYS IF CONSTRUCTIVE RESOLUTION CANNOT BE REACHED WITH PINNACLE FOODS, JANA MAY PURSUE BOARD CHANGE; 03/05/2018 – PINNACLE FOODS 1Q ADJ EPS 57C, EST. 56C; 27/04/2018 – Pinnacle Foods and Jana Partners Break Bread — Barrons.com; 04/05/2018 – Jana, ConAgra end standstill as Pinnacle Foods comes under pressure to sell; 19/04/2018 – Jana Takes Stake in Pinnacle Foods: 13D Filing; 19/04/2018 – Activist Investor, Following Whole Foods Playbook, to Push for Changes at Pinnacle Foods

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 “Hold” rating given on Wednesday, October 25 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, July 24 by UBS. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, December 13. Jefferies maintained 3M Company (NYSE:MMM) rating on Thursday, June 1. Jefferies has “Buy” rating and $23400 target. On Wednesday, October 11 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Underperform” rating by RBC Capital Markets on Friday, October 23. Jefferies maintained it with “Buy” rating and $234.0 target in Tuesday, September 26 report. The stock of 3M Company (NYSE:MMM) earned “Underweight” rating by Barclays Capital on Wednesday, April 25. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, February 15. JP Morgan maintained the shares of MMM in report on Thursday, April 26 with “Underweight” rating.

More notable recent 3M Company (NYSE:MMM) news were published by: Bizjournals.com which released: “Four Twin Cities executives make national list of influential leaders in corporate diversity” on June 13, 2018, also Seekingalpha.com with their article: “3M Company: Time To Break Up This Giant?” published on June 09, 2018, Seekingalpha.com published: “Jefferies cautious on 3M amid rate, recession fears” on May 16, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Fool.com and their article: “The 1 Reason to Avoid 3M Company’s Stock” published on June 06, 2018 as well as Seekingalpha.com‘s news article titled: “3M: Buy The Dip” with publication date: May 30, 2018.

Since January 31, 2018, it had 0 buys, and 16 selling transactions for $30.99 million activity. Shares for $2.00 million were sold by Shin Hak Cheol on Thursday, February 1. Shares for $2.19M were sold by Bauman James L. Shares for $419,846 were sold by Gangestad Nicholas C. Another trade for 3,133 shares valued at $742,051 was made by Little Frank R Jr. on Friday, February 23. $3.33M worth of 3M Company (NYSE:MMM) was sold by Keel Paul A. $56,178 worth of 3M Company (NYSE:MMM) was sold by Vrohidis Ippocratis on Thursday, February 1.

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 0.06, from 0.83 in 2017Q4. It worsened, 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. Twin Tree Mgmt LP holds 0.04% of its portfolio in 3M Company (NYSE:MMM) for 20,040 shares. Estabrook Cap Mgmt invested in 0% or 35,533 shares. Guggenheim Capital Limited Liability holds 0.22% of its portfolio in 3M Company (NYSE:MMM) for 409,539 shares. Bankshares Of Hawaii invested 0.45% of its portfolio in 3M Company (NYSE:MMM). Nadler Finance Grp Inc Inc has invested 0.16% in 3M Company (NYSE:MMM). Whalerock Point Prtn Llc holds 0.27% or 3,807 shares in its portfolio. Huntington Commercial Bank invested in 0.72% or 196,465 shares. Stonebridge Capital Inc owns 1% invested in 3M Company (NYSE:MMM) for 12,692 shares. Of Virginia Va reported 13,234 shares. Ferguson Wellman Capital Mngmt Inc holds 0.27% of its portfolio in 3M Company (NYSE:MMM) for 34,805 shares. Plancorp Ltd Com, a Missouri-based fund reported 8,430 shares. New Jersey-based Regentatlantic Cap Ltd Company has invested 0.08% in 3M Company (NYSE:MMM). Moreover, Endurance Wealth Mngmt has 0.11% invested in 3M Company (NYSE:MMM) for 2,990 shares. Moreover, Aull & Monroe Invest Mgmt has 0.48% invested in 3M Company (NYSE:MMM). Liberty Mutual Gru Asset Mngmt reported 23,785 shares.

Since March 7, 2018, it had 1 insider purchase, and 3 selling transactions for $115,059 activity. $337,641 worth of Pinnacle Foods Inc. (NYSE:PF) was sold by Schiller Mark L. on Thursday, May 10. 9,136 shares were sold by BARKLEY MICHAEL J., worth $571,639.

Among 17 analysts covering Pinnacle Foods Inc (NYSE:PF), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Pinnacle Foods Inc had 47 analyst reports since October 19, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, April 30 by Buckingham Research. RBC Capital Markets maintained it with “Buy” rating and $6700 target in Tuesday, July 25 report. The stock of Pinnacle Foods Inc. (NYSE:PF) earned “Buy” rating by Jefferies on Tuesday, April 11. On Tuesday, August 15 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Pinnacle Foods Inc. (NYSE:PF) earned “Overweight” rating by JP Morgan on Thursday, December 15. The stock of Pinnacle Foods Inc. (NYSE:PF) has “Overweight” rating given on Monday, January 9 by Piper Jaffray. The stock of Pinnacle Foods Inc. (NYSE:PF) earned “Buy” rating by Piper Jaffray on Tuesday, March 13. The firm earned “Buy” rating on Friday, October 27 by Buckingham Research. The firm has “Buy” rating given on Monday, August 28 by UBS. The firm earned “Buy” rating on Wednesday, March 2 by Buckingham Research.

Clarivest Asset Management Llc, which manages about $3.41B and $5.81 billion US Long portfolio, upped its stake in Posco (NYSE:PKX) by 5,665 shares to 113,300 shares, valued at $8.93M in 2018Q1, according to the filing. It also increased its holding in Infosys Ltd (NYSE:INFY) by 680,600 shares in the quarter, for a total of 1.02 million shares, and has risen its stake in Titan Machy Inc (NASDAQ:TITN).

Analysts await Pinnacle Foods Inc. (NYSE:PF) to report earnings on July, 26. They expect $0.56 EPS, up 5.66% or $0.03 from last year’s $0.53 per share. PF’s profit will be $66.74M for 28.41 P/E if the $0.56 EPS becomes a reality. After $0.57 actual EPS reported by Pinnacle Foods Inc. for the previous quarter, Wall Street now forecasts -1.75% negative EPS growth.

3M Company (NYSE:MMM) Institutional Positions Chart

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