Ruane Cunniff & Goldfarb Has Lifted Its Wayfair (W) Position; 3M Co (MMM) Shareholder Howland Capital Management Decreased Stake by $460,365 as Valuation Declined

May 21, 2018 - By Dolores Ford

3M Company (NYSE:MMM) Logo

Ruane Cunniff & Goldfarb Inc increased its stake in Wayfair Inc (W) by 826.49% based on its latest 2017Q4 regulatory filing with the SEC. Ruane Cunniff & Goldfarb Inc bought 1.04M shares as the company’s stock declined 16.33% with the market. The institutional investor held 1.16 million shares of the catalog and specialty distribution company at the end of 2017Q4, valued at $93.26 million, up from 125,400 at the end of the previous reported quarter. Ruane Cunniff & Goldfarb Inc who had been investing in Wayfair Inc for a number of months, seems to be bullish on the $7.62B market cap company. The stock decreased 0.21% or $0.18 during the last trading session, reaching $85.54. About 785,006 shares traded. Wayfair Inc. (NYSE:W) has risen 69.10% since May 21, 2017 and is uptrending. It has outperformed by 57.55% the S&P500.

Howland Capital Management Llc decreased its stake in 3M Co (MMM) by 1.73% based on its latest 2017Q4 regulatory filing with the SEC. Howland Capital Management Llc sold 1,959 shares as the company’s stock declined 8.03% with the market. The institutional investor held 111,062 shares of the medical and dental instruments company at the end of 2017Q4, valued at $26.14 million, down from 113,021 at the end of the previous reported quarter. Howland Capital Management Llc who had been investing in 3M Co for a number of months, seems to be less bullish one the $119.76 billion market cap company. The stock increased 1.39% or $2.76 during the last trading session, reaching $201.72. About 1.23 million shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 21, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Since December 12, 2017, it had 1 insider buy, and 80 sales for $13.40 million activity. FLEISHER MICHAEL D sold $306,949 worth of Wayfair Inc. (NYSE:W) on Saturday, April 21. 600 shares valued at $51,084 were sold by Macri Edmond on Monday, March 12. 2,000 shares valued at $187,612 were sold by Shah Niraj on Monday, January 29. Conine Steven sold $64,538 worth of stock. The insider Mulliken John Champlin sold $450,400. On Thursday, March 15 the insider Savarese James sold $756,510.

More notable recent Wayfair Inc. (NYSE:W) news were published by: Benzinga.com which released: “Rising Customer Acquisition Costs Could Pressure Wayfair, Wedbush Says Ahead Of Q1 Print” on April 30, 2018, also Benzinga.com with their article: “Morgan Stanley Says Wayfair Will Be Profitable, But Later Than Expected” published on April 25, 2018, Investorplace.com published: “Overstock.com Inc: At 50% Off, It’s Still Not a Buy” on May 21, 2018. More interesting news about Wayfair Inc. (NYSE:W) were released by: Seekingalpha.com and their article: “Wayfair: Unlocking Huge Potential” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “Wayfair sees 33% jump in active customers” with publication date: May 02, 2018.

Investors sentiment decreased to 1.23 in 2017 Q4. Its down 0.40, from 1.63 in 2017Q3. It dropped, as 41 investors sold W shares while 50 reduced holdings. 48 funds opened positions while 64 raised stakes. 61.87 million shares or 6.68% more from 58.00 million shares in 2017Q3 were reported. Raymond James Fin Services invested in 7,849 shares. Rhumbline Advisers has invested 0.01% in Wayfair Inc. (NYSE:W). First Trust Advsr LP has invested 0.04% in Wayfair Inc. (NYSE:W). Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,803 shares stake. Allen Llc reported 1.06 million shares. Parametric Port Ltd Liability Company has 0% invested in Wayfair Inc. (NYSE:W). Us Bankshares De stated it has 0% of its portfolio in Wayfair Inc. (NYSE:W). Employees Retirement System Of Ohio has 0.02% invested in Wayfair Inc. (NYSE:W) for 46,712 shares. Df Dent And Communication holds 8,381 shares. Connecticut-based Goodnow Investment Lc has invested 4.16% in Wayfair Inc. (NYSE:W). Harbourvest Limited Liability Corporation has invested 62.06% in Wayfair Inc. (NYSE:W). Hanseatic Mngmt Serv Inc has invested 0.28% in Wayfair Inc. (NYSE:W). Adage Cap Partners Gp Limited Liability Com has invested 0.16% of its portfolio in Wayfair Inc. (NYSE:W). Assetmark Inc has 0% invested in Wayfair Inc. (NYSE:W). Oz Mgmt Limited Partnership holds 0.01% of its portfolio in Wayfair Inc. (NYSE:W) for 16,400 shares.

Ruane Cunniff & Goldfarb Inc, which manages about $26.52B and $12.20B US Long portfolio, decreased its stake in West Pharmaceutical Svsc Inc (NYSE:WST) by 15,670 shares to 25,713 shares, valued at $2.54M in 2017Q4, according to the filing. It also reduced its holding in Iac Interactivecorp (NASDAQ:IACI) by 403,275 shares in the quarter, leaving it with 801,930 shares, and cut its stake in Chipotle Mexican Grill Inc (NYSE:CMG).

Among 33 analysts covering Wayfair LLC (NYSE:W), 15 have Buy rating, 2 Sell and 16 Hold. Therefore 45% are positive. Wayfair LLC had 96 analyst reports since July 31, 2015 according to SRatingsIntel. Credit Suisse maintained Wayfair Inc. (NYSE:W) rating on Thursday, May 3. Credit Suisse has “Neutral” rating and $82 target. The firm has “Strong Buy” rating given on Tuesday, November 10 by Raymond James. Evercore initiated it with “Buy” rating and $45 target in Friday, July 31 report. Canaccord Genuity maintained the stock with “Buy” rating in Sunday, October 1 report. The rating was maintained by Maxim Group with “Buy” on Wednesday, May 10. On Friday, August 4 the stock rating was maintained by Oppenheimer with “Buy”. Piper Jaffray maintained the shares of W in report on Friday, June 30 with “Buy” rating. The company was initiated on Thursday, May 26 by Maxim Group. The firm earned “Hold” rating on Wednesday, August 23 by KeyBanc Capital Markets. The stock of Wayfair Inc. (NYSE:W) earned “Buy” rating by Piper Jaffray on Friday, September 29.

Since January 31, 2018, it had 0 buys, and 16 selling transactions for $30.99 million activity. Gangestad Nicholas C sold $419,846 worth of stock or 1,681 shares. Another trade for 225 shares valued at $56,178 was made by Vrohidis Ippocratis on Thursday, February 1. THULIN INGE G sold $1.37M worth of stock or 5,438 shares. Another trade for 3,133 shares valued at $742,051 was made by Little Frank R Jr. on Friday, February 23. Bauman James L had sold 2,826 shares worth $700,790 on Friday, February 2. Keel Paul A sold $3.33M worth of 3M Company (NYSE:MMM) on Thursday, February 1.

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. Jefferies maintained the shares of MMM in report on Tuesday, April 12 with “Buy” rating. As per Tuesday, July 25, the company rating was maintained by RBC Capital Markets. Barclays Capital upgraded the stock to “Overweight” rating in Monday, October 24 report. As per Monday, May 29, the company rating was maintained by Jefferies. Bernstein maintained 3M Company (NYSE:MMM) on Wednesday, March 30 with “Market Perform” rating. The firm has “Buy” rating by UBS given on Wednesday, March 30. The company was maintained on Wednesday, October 26 by RBC Capital Markets. The stock has “Buy” rating by Jefferies on Thursday, July 13. As per Thursday, April 26, the company rating was maintained by JP Morgan. RBC Capital Markets maintained it with “Hold” rating and $254.0 target in Thursday, January 25 report.

Howland Capital Management Llc, which manages about $1.25 billion and $1.25B US Long portfolio, upped its stake in Vanguard Index Fds (VTI) by 4,000 shares to 17,992 shares, valued at $2.47M in 2017Q4, according to the filing. It also increased its holding in Wisdomtree Tr (DIM) by 36,937 shares in the quarter, for a total of 317,844 shares, and has risen its stake in Vanguard Intl Equity Ind (VGK).

Investors sentiment increased to 0.83 in 2017 Q4. 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. 1,850 are held by Hanson & Doremus Invest Mgmt. Stratos Wealth Partners accumulated 0.19% or 17,975 shares. Bokf Na has invested 0.56% of its portfolio in 3M Company (NYSE:MMM). Contravisory Management Incorporated owns 64 shares. State Board Of Administration Of Florida Retirement Systems has 814,251 shares. Meiji Yasuda Life stated it has 8,474 shares or 0.27% of all its holdings. Pinebridge Invs Lp has invested 0% in 3M Company (NYSE:MMM). 8,200 are held by Burgundy Asset Ltd. 11,617 are held by Hamilton Point Invest Advsrs Ltd Liability Company. Moreover, Putnam Fl Investment Mgmt Co has 0.19% invested in 3M Company (NYSE:MMM). Archford Cap Strategies Ltd Liability Company holds 0.3% or 3,446 shares in its portfolio. Ironwood Fincl Limited Liability invested in 53 shares. Highland Cap Ltd Liability Corp holds 0.29% or 16,367 shares in its portfolio. Beck Capital Mngmt Limited Liability Corp holds 0.38% or 3,684 shares. Boyd Watterson Asset Mgmt Limited Liability Corporation Oh has invested 0.27% in 3M Company (NYSE:MMM).

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M Stumbles, And The Knives Come Out” on April 26, 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: Benzinga.com and their article: “RBC: 3M Remains One Of The Strongest Industrials” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “3M: Pullback Has Prompted Me To Increase My Position” with publication date: April 26, 2018.

Wayfair Inc. (NYSE:W) Institutional Positions Chart

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