3M Co (MMM) Stake Held by Bank Of America Corp

February 15, 2018 - By Marie Mckinney

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It turned negative, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. Dupont Capital Mngmt has 0.13% invested in 3M Company (NYSE:MMM). National Bank & Trust Of Hawaii holds 0.43% of its portfolio in 3M Company (NYSE:MMM) for 24,035 shares. Charter Trust holds 80,202 shares. Citizens & Northern owns 3,019 shares or 0.48% of their US portfolio. Birmingham Cap Al has 3.6% invested in 3M Company (NYSE:MMM) for 43,124 shares. Sterling Management Limited Liability Corp reported 85,910 shares. Hutchinson Cap Ca owns 1,450 shares for 0.08% of their portfolio. Cypress Cap Ltd Liability (Wy), Wyoming-based fund reported 1,750 shares. Contravisory Inv Mngmt holds 64 shares or 0% of its portfolio. Fifth Third Natl Bank invested 0.62% of its portfolio in 3M Company (NYSE:MMM). Neuberger Berman Ltd Liability Corp holds 1.60M shares or 0.42% of its portfolio. Thompson Siegel & Walmsley Limited Liability Co, Virginia-based fund reported 6,158 shares. Exxonmobil Invest Management Tx invested in 0.58% or 108,978 shares. Moreover, Hillsdale Inv Mngmt has 0% invested in 3M Company (NYSE:MMM) for 25 shares. Ing Groep Nv has invested 0.9% of its portfolio in 3M Company (NYSE:MMM).

Since August 17, 2017, it had 0 insider buys, and 20 selling transactions for $33.77 million activity. Another trade for 1,428 shares valued at $295,106 was sold by Hammes Eric D.. Another trade for 8,834 shares valued at $2.19M was sold by Bauman James L. The insider Little Frank R Jr. sold $560,200. 1,681 shares were sold by Gangestad Nicholas C, worth $419,846. 1,900 shares valued at $474,944 were sold by Shin Hak Cheol on Thursday, February 1. THULIN INGE G sold $1.59 million worth of stock or 6,823 shares.

Bank Of America Corp increased its stake in 3M Co (MMM) by 6026.28% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of America Corp bought 10.92 million shares as the company’s stock rose 7.02% with the market. The institutional investor held 11.10M shares of the medical and dental instruments company at the end of 2017Q3, valued at $2.33B, up from 181,200 at the end of the previous reported quarter. Bank Of America Corp who had been investing in 3M Co for a number of months, seems to be bullish on the $138.94B market cap company. The stock increased 1.16% or $2.67 during the last trading session, reaching $233.31. About 1.28 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since February 15, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Bank Of America Corp, which manages about $629.64 billion US Long portfolio, decreased its stake in Grainger W W Inc (Put) (NYSE:GWW) by 497,589 shares to 151,400 shares, valued at $27.21M in 2017Q3, according to the filing. It also reduced its holding in Powershares Etf Tr Ii (SPHD) by 194,442 shares in the quarter, leaving it with 2.85M shares, and cut its stake in Ishares Tr (JKE).

More notable recent 3M Company (NYSE:MMM) news were published by: Pionline.com which released: “3M to contribute up to $500 million to global pension plans in 2018” on February 09, 2018, also Startribune.com with their article: “3M asks for delay in trial over pollution in Washington County” published on February 08, 2018, Nasdaq.com published: “3M Co. Q4 Earnings Advance” on January 25, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Streetinsider.com and their article: “3M Co. (MMM) Submits 510(k) Application for 24-Minute Readout for Steam …” published on January 17, 2018 as well as Bizjournals.com‘s news article titled: “3M co-sponsoring networking session for 300 female college students during …” with publication date: January 19, 2018.

3M Company (NYSE:MMM) Ratings Coverage

Among 16 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 3 Sell and 5 Hold. Therefore 50% are positive. 3M had 77 analyst reports since July 24, 2015 according to SRatingsIntel. J.P. Morgan maintained the shares of MMM in report on Thursday, January 18 with “Sell” rating. The firm has “Buy” rating given on Thursday, December 14 by Jefferies. The stock of 3M Company (NYSE:MMM) has “Underperform” rating given on Friday, October 23 by RBC Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Friday, January 26. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, January 3. The firm has “Buy” rating by UBS given on Wednesday, December 16. Bernstein maintained 3M Company (NYSE:MMM) on Wednesday, March 30 with “Market Perform” rating. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Thursday, June 1 by Jefferies. Citigroup maintained the stock with “Buy” rating in Monday, October 9 report. Barclays Capital maintained 3M Company (NYSE:MMM) on Monday, October 5 with “Equal-Weight” rating.

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