Research Analysts' Recent Ratings Updates for 3M (MMM)

3M Co Institutional Investors Sentiment

The institutional investor held 575 shares of the medical and dental instruments company at the end of 2017Q3, valued at $121,000, down from 3,330 at the end of the previous reported quarter. Lafleur & Godfrey Llc who had been investing in Chevrontexaco Corp for a number of months, seems to be bullish on the $253.76 billion market cap company. The stock increased 1.01% or $2.46 during the last trading session, reaching $244.77. Following the transaction, the chief financial officer now directly owns 25,805 shares of the company's stock, valued at $6,034,241.20. Visa Inc. (NYSE:V) has risen 20.29% since January 13, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Bogart Wealth LLC lifted its stake in 3M Co (NYSE:MMM) by 798.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. Brandes Investment Partners Lp sold 64,351 shares as Loews Corp (L)'s stock declined 2.26%.

The stock increased 0.49% or $1.17 during the last trading session, reaching $242.31. 1,974,254 shares of the company were exchanged, compared to its average volume of 2,020,000. 3M Company (NYSE:MMM) has risen 18.59% since January 12, 2017 and is uptrending. It has outperformed by 110.13% the S&P500. Hedge funds and other institutional investors own 66.20% of the company's stock. (NYSE:V) has "Buy" rating given on Wednesday, December 16 by UBS. 25,500 Chevron Corporation (NYSE:CVX) shares with value of $3.06 million were sold by Pate R. Hewitt. Hammes Eric D. sold 1,428 shares worth $295,106.

Edgemoor Investment Advisors Inc, which manages about $707.10 million and $739.39 million US Long portfolio, decreased its stake in Johnson Ctls Intl Plc by 16,412 shares to 288,805 shares, valued at $11.64 million in 2017Q3, according to the filing. It also increased its holding in British Amern Tob Plc Sponsored Adr (NYSEMKT:BTI) by 109,000 shares in the quarter, for a total of 109,640 shares, and has risen its stake in Ishares Russell 2000 Value (IWN). Investors of record on Friday, November 24th were paid a $0.0118 dividend. Its down 0.08, from 1.03 in 2017Q2. It improved, as 27 investors sold BLK shares while 287 reduced holdings. Farr Miller And Washington Limited Liability Dc invested in 19,159 shares or 0.38% of the stock. Ashfield Ptnrs Llc reported 0.06% of its portfolio in The Allstate Corporation (NYSE:ALL). Farmers & Merchants Invs reported 0.68% of its portfolio in Chevron Corporation (NYSE:CVX). Calamos Limited Liability has 53,915 shares. Oakbrook Invests Ltd Com has invested 0.37% in Chevron Corporation (NYSE:CVX). Winfield Associates Incorporated holds 0.87% or 7,919 shares in its portfolio. Vnbtrust Natl Association holds 1,785 shares or 0.15% of its portfolio. Adams Diversified Equity Fund Inc, Maryland-based fund reported 41,400 shares. 6,651 were accumulated by Paragon Capital Mngmt Ltd. Intersect Cap Limited Liability has invested 0.32% in 3M Company (NYSE:MMM).

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 11 Hold.

MMM has been the topic of a number of recent analyst reports. On Monday, October 24 the stock rating was upgraded by Barclays Capital to "Overweight". The firm has "Hold" rating by Stifel Nicolaus given on Wednesday, December 13. The firm has "Underperform" rating by RBC Capital Markets given on Tuesday, August 4.

COPYRIGHT VIOLATION NOTICE: "3M's (MMM) "Buy" Rating Reaffirmed at Argus" was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. Zacks Investment Research downgraded 3M from a "buy" rating to a "hold" rating in a research note on Wednesday.

Spinnaker Trust holds 15.51% of its portfolio in 3M Company for 591,300 shares. The firm has "Buy" rating by Citigroup given on Tuesday, April 19. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Therefore 47% are positive. The Allstate Corporation had 47 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, October 25, the company rating was maintained by Credit Suisse.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on February, 7 after the close. The company had revenue of $8.17 billion for the quarter, compared to the consensus estimate of $7.93 billion. Bank of America reissued a "buy" rating and set a $227.00 price target on shares of 3M in a research report on Thursday, September 14th. Morgan Stanley upped their price target on 3M from $190.00 to $201.00 and gave the company an "underweight" rating in a research note on Monday, October 2nd. The firm earned "Hold" rating on Wednesday, December 14 by Stifel Nicolaus. The company has a consensus rating of "Hold" and an average target price of $232.15. MMM's profit will be $1.20 billion for 30.26 P/E if the $2.02 EPS becomes a reality. The firm has "Buy" rating by Credit Suisse given on Wednesday, October 11.

Since August 11, 2017, it had 0 insider purchases, and 8 insider sales for $5.40 million activity. Shares for $1.59 million were sold by THULIN INGE G on Friday, October 27. Little Frank R Jr. had sold 2,719 shares worth $560,200. Also, VP Ivan K. Fong sold 2,348 shares of the stock in a transaction on Friday, October 27th. Shares for $936,291 were sold by Gangestad Nicholas C on Friday, October 27.

Investors sentiment decreased to 0.77 in 2017 Q3. Its up 0.10, from 1.28 in 2017Q2. Sold All: 59 Reduced: 612 Increased: 417 New Position: 101. New York State Common Retirement Fund boosted its stake in 3M by 0.5% in the third quarter. Cincinnati Specialty Underwriters Insurance Co, a Ohio-based fund reported 40,100 shares.#img1#. Schnieders Cap Ltd Llc holds 826 shares or 0.16% of its portfolio. Provise Mngmt Group Ltd Liability Corp holds 0.09% in 3M Company (NYSE:MMM) or 2,969 shares. Moreover, Schaper Benz And Wise Invest Counsel Wi has 0.05% invested in 3M Company (NYSE:MMM). (MMM) PT Jumps To $240 at Deutsche Bank" on January 10, 2018, also Streetinsider.com published article titled: "3M Co. Heritage Investors Management, a Maryland-based fund reported 26,973 shares. Finally, Mascoma Wealth Management LLC grew its stake in shares of 3M by 87.5% during the third quarter. Interocean Capital Ltd Liability Company owns 44,048 shares. State Treasurer State Of Michigan has 181,076 shares for 0.31% of their portfolio. Commonwealth Equity Inc stated it has 214,430 shares or 0.27% of all its holdings.

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