Foster & Motley Has Decreased Its 3M Company (MMM) Position; SAP SE ORDINARY SHARES GERMANY FEDERAL (SAPGF) SI Increased By 23.39%

August 12, 2018 - By Kristin Houston

3M Company (NYSE:MMM) Logo

Foster & Motley Inc decreased 3M Company (MMM) stake by 16.84% reported in 2018Q1 SEC filing. Foster & Motley Inc sold 3,907 shares as 3M Company (MMM)’s stock declined 18.48%. The Foster & Motley Inc holds 19,293 shares with $4.24M value, down from 23,200 last quarter. 3M Company now has $118.47B valuation. The stock decreased 1.38% or $2.82 during the last trading session, reaching $201.96. About 1.89 million shares traded. 3M Company (NYSE:MMM) has declined 0.26% since August 12, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 15/05/2018 – Amphenol Corporation vs 3M Innovative Properties Company | Terminated-Dismissed | 05/15/2018; 21/05/2018 – 3M NAMES GAYLE SCHUELLER CHIEF SUSTAINABILITY OFFICER; 06/03/2018 – Global Study from 3M Reveals — Science is Underappreciated; 24/04/2018 – 3M CO – FOREIGN CURRENCY TRANSLATION IN QTR INCREASED SALES BY 4.2 PERCENT YEAR-ON-YEAR; 12/04/2018 – U.S. 3M Libor Yield at 2.49% by End-3Q vs 2.38% Prior (Survey); 24/04/2018 – 3M CO 1Q ADJ EPS $2.50, EST. $2.50; 19/04/2018 – TRYG TRYG.CO – NOTES WILL BE ISSUED ON 26 APRIL 2018 WITH A VARIABLE INTEREST RATE OF 3M STIBOR + 2.50% PER ANNUM; 23/04/2018 – Orthodontic Supplies Market to Hit 8.9% CAGR to 2023, Led by Align Technology, Inc. (US), 3M Company (US), and Danaher; 16/03/2018 – Canada 3M Bill Yield at 1.45% by End-2Q (Survey); 17/04/2018 – 3M Design and Architectural Markets Business Inspire Visitors at Milan Design Week 2018

SAP SE ORDINARY SHARES GERMANY FEDERAL (OTCMKTS:SAPGF) had an increase of 23.39% in short interest. SAPGF’s SI was 2.75 million shares in August as released by FINRA. Its up 23.39% from 2.23 million shares previously. With 27,600 avg volume, 100 days are for SAP SE ORDINARY SHARES GERMANY FEDERAL (OTCMKTS:SAPGF)’s short sellers to cover SAPGF’s short positions. The SI to SAP SE ORDINARY SHARES GERMANY FEDERAL’s float is 0.26%. It closed at $116.2581 lastly. It is down 0.00% since August 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Foster & Motley Inc increased Vanguard Total Bond Market Etf (BND) stake by 7,433 shares to 35,119 valued at $2.81M in 2018Q1. It also upped Ishares Edge Msci Multifactor Usa Etf stake by 39,529 shares and now owns 110,298 shares. Vanguard Interm (VGIT) was raised too.

Since February 23, 2018, it had 0 insider purchases, and 1 sale for $742,051 activity. Little Frank R Jr. sold $742,051 worth of stock or 3,133 shares.

More notable recent 3M Company (NYSE:MMM) news were published by: 247Wallst.com which released: “3M Once More Dow’s Poorest Performing Stock” on August 11, 2018, also Bizjournals.com with their article: “By Jeff Jeffrey and Patrick Rehkamp – Minneapolis / St. Paul Business Journal” published on August 02, 2018, Seekingalpha.com published: “3M Dividend: By The Numbers” on July 24, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Benzinga.com and their article: “A Preview Of 3M’s Q2 Earnings” published on July 23, 2018 as well as Fool.com‘s news article titled: “3M Company Proves Critics Wrong, Yet Again” with publication date: July 24, 2018.

Analysts await 3M Company (NYSE:MMM) to report earnings on October, 23. They expect $2.73 EPS, up 17.17% or $0.40 from last year’s $2.33 per share. MMM’s profit will be $1.60 billion for 18.49 P/E if the $2.73 EPS becomes a reality. After $2.59 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 5.41% EPS growth.

Investors sentiment decreased to 0.77 in Q1 2018. 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. State Of Wisconsin Invest Board has invested 0.43% in 3M Company (NYSE:MMM). Yacktman Asset Management LP holds 0% or 1,000 shares. Diker Mngmt Ltd reported 3,935 shares. Cannell Peter B & invested in 0.29% or 35,310 shares. State Bank Of The West holds 10,085 shares or 0.28% of its portfolio. Janney Montgomery Scott Ltd Liability accumulated 196,290 shares or 0.43% of the stock. Edgemoor Invest Advsr has invested 2.51% of its portfolio in 3M Company (NYSE:MMM). First Fincl Bank Of Omaha stated it has 103,445 shares. Halbert Hargrove Russell Ltd, a California-based fund reported 1,161 shares. The New York-based Oppenheimer & has invested 0.23% in 3M Company (NYSE:MMM). Cardinal Cap Management reported 43,477 shares. Thomaspartners holds 1.06 million shares. Massachusetts-based Loomis Sayles Communications Lp has invested 0% in 3M Company (NYSE:MMM). Atlantic Tru Grp Ltd Com stated it has 97,100 shares or 0.09% of all its holdings. Utah Retirement accumulated 108,059 shares.

Among 10 analysts covering 3M Company (NYSE:MMM), 4 have Buy rating, 2 Sell and 4 Hold. Therefore 40% are positive. 3M Company had 19 analyst reports since February 13, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, April 24 by Jefferies. The firm has “Buy” rating given on Tuesday, February 13 by Deutsche Bank. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Thursday, March 22. The firm earned “Underweight” rating on Monday, March 26 by Barclays Capital. The company was maintained on Wednesday, July 25 by Barclays Capital. On Tuesday, April 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. CFRA upgraded 3M Company (NYSE:MMM) rating on Tuesday, April 24. CFRA has “Buy” rating and $26000 target. The rating was maintained by UBS with “Neutral” on Thursday, April 26. On Thursday, May 3 the stock rating was upgraded by RBC Capital Markets to “Buy”. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, April 25.

3M Company (NYSE:MMM) Institutional Positions Chart

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