3M Co (MMM) Market Valuation Rose While Hightower Advisors LLC Lifted Holding by $45.49 Million

December 7, 2017 - By Vivian Park

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.10, from 0.81 in 2017Q1. It improved, as 45 investors sold MMM shares while 589 reduced holdings. 131 funds opened positions while 449 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. Carroll Financial Assocs Incorporated stated it has 11,974 shares or 0.3% of all its holdings. Tortoise Invest Mngmt Ltd Company invested in 1,119 shares. Alliancebernstein Limited Partnership owns 1.28 million shares for 0.21% of their portfolio. Catawba Mngmt Va, a Virginia-based fund reported 23,567 shares. Westpac Bk Corp holds 0% or 128,901 shares. St Germain D J has invested 0.11% in 3M Company (NYSE:MMM). Wg Shaheen And Dba Whitney And Co stated it has 5,525 shares. Eastern Retail Bank owns 12,058 shares. Ancora Advsr Ltd owns 50,467 shares for 0.68% of their portfolio. Calamos Wealth Mngmt Ltd Com has invested 0.04% in 3M Company (NYSE:MMM). Northwestern Mutual Wealth Mngmt Co holds 133,941 shares or 0.22% of its portfolio. State Board Of Administration Of Florida Retirement holds 849,271 shares. Sit Inv Associate accumulated 0.69% or 133,440 shares. First Bancorp Of Mount Dora Tru Invest Serv holds 6,246 shares or 0.68% of its portfolio. Mitsubishi Ufj & Bk, Japan-based fund reported 1.22 million shares.

Hightower Advisors Llc increased its stake in 3M Co (MMM) by 27472.75% based on its latest 2017Q2 regulatory filing with the SEC. Hightower Advisors Llc bought 219,782 shares as the company’s stock rose 7.02% with the market. The institutional investor held 220,582 shares of the medical and dental instruments company at the end of 2017Q2, valued at $45.87M, up from 800 at the end of the previous reported quarter. Hightower Advisors Llc who had been investing in 3M Co for a number of months, seems to be bullish on the $143.13 billion market cap company. The stock increased 0.68% or $1.63 during the last trading session, reaching $240.3. About 1.37M shares traded. 3M Company (NYSE:MMM) has risen 18.59% since December 7, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Hightower Advisors Llc, which manages about $15.08 billion and $11.55 billion US Long portfolio, decreased its stake in Sears Hldgs Corp (NASDAQ:SHLD) by 608,390 shares to 710 shares, valued at $7,000 in 2017Q2, according to the filing. It also reduced its holding in Applied Matls Inc (NASDAQ:AMAT) by 74,250 shares in the quarter, leaving it with 145,559 shares, and cut its stake in New York Cmnty Bancorp Inc (NYSE:NYCB).

More notable recent 3M Company (NYSE:MMM) news were published by: Startribune.com which released: “3M sues Kerr Corp. alleging dental-patent infringement” on December 04, 2017, also Bizjournals.com with their article: “Drucker Institute ranks 3M among best-managed US companies (Slideshow)” published on December 07, 2017, Bloomberg.com published: “3M Faces New Cancer Claims in Minnesota’s $5 Billion Lawsuit” on November 20, 2017. More interesting news about 3M Company (NYSE:MMM) were released by: Streetinsider.com and their article: “3M Co. (MMM) Reports Patent Infringement Lawsuit to Protect Dental Restorative …” published on December 04, 2017 as well as Startribune.com‘s news article titled: “3M gives $8 million more to University of Minnesota Driven Campaign” with publication date: December 05, 2017.

3M Company (NYSE:MMM) Ratings Coverage

Among 14 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. 3M had 65 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, March 30 the stock rating was maintained by Morgan Stanley with “Underweight”. As per Wednesday, December 14, the company rating was maintained by Stifel Nicolaus. The company was maintained on Monday, May 29 by Jefferies. The firm has “Buy” rating given on Friday, July 24 by UBS. The firm earned “Buy” rating on Wednesday, July 26 by Citigroup. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 15. On Monday, August 14 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Credit Suisse given on Friday, April 28. As per Wednesday, October 25, the company rating was maintained by Citigroup. Bernstein maintained 3M Company (NYSE:MMM) on Wednesday, March 30 with “Market Perform” rating.

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.