Economy

Wedbush Securities Inc. Raises Stake in 3M Company (MMM)

Horizon Investments Llc acquired 4,610 shares as 3M Co Com (MMM)'s stock rose 7.02%. Cribstone Capital Management LLC now owns 3,018 shares of the conglomerate's stock valued at $573,000 after acquiring an additional 685 shares during the last quarter. 3M Co now has $124.87B valuation. The stock appeared $64.51 above its 52-week highs and is down -0.62% for the last five trades. The stock traded at a volume of 1.77 million shares.

3M (NYSE:MMM) last announced its earnings results on Tuesday, July 25th. It has outperformed by 1.89% the S&P500. Ameriprise Financial Inc. raised its holdings in shares of 3M by 0.3% during the 1st quarter. It is down 41.04% since September 13, 2016 and is downtrending. It has outperformed by 16.19% the S&P500.

Investors sentiment increased to 0.91 in 2016 Q4. Its up 0.10, from 0.81 in 2016Q3.

Ventas, Inc. (NYSE:VTR) ended its day at $69.47 with the rising stream of 0.64% and its total traded volume was 1.68 million shares more than the average volume. Commonwealth Equity Ser holds 200,302 shares. Following the completion of the transaction, the insider now owns 9,010 shares in the company, valued at $1,856,330.30. Counsel Ltd Liability accumulated 27,137 shares. First Mercantile Tru has 900 shares for 0.02% of their portfolio. Maryland Cap has invested 0.09% in 3M Co (NYSE:MMM). Alethea Management Limited Liability Co has invested 1.24% in 3M Co (NYSE:MMM). Saybrook Nc has invested 4.36% of its portfolio in 3M Co (NYSE:MMM). Bartlett & Company Ltd Limited Liability Company holds 0.27% in 3M Co (NYSE:MMM) or 32,181 shares. Cribstone Capital Management LLC increased its holdings in shares of 3M by 29.4% in the 1st quarter. Thomas J Herzfeld Advsr stated it has 977 shares. Gendell Jeffrey L, a Connecticut-based fund reported 276,875 shares. Interocean Capital Ltd Co invested 2.2% in 3M Co (NYSE:MMM). Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 50% are positive. Finally, Morgan Stanley reiterated an "underweight" rating and set a $190.00 price objective (down previously from $191.00) on shares of 3M in a research report on Wednesday, July 26th. Jefferies Group LLC restated a "buy" rating and set a $234.00 price objective on shares of 3M in a research report on Wednesday, August 16th. The stock has "Underperform" rating by RBC Capital Markets on Friday, October 23. The company was maintained on Wednesday, March 30 by Bernstein. The stock has "Neutral" rating by Wedbush on Wednesday, October 26. The firm owned 17,523 shares of the company's stock after buying an additional 634 shares during the period.

If we look at the Volatility of 3M Company (MMM), Week Volatility is 1.08%, whereas Month Volatility is at 0.91%. The rating was maintained by RBC Capital Markets with "Underperform" on Friday, July 24. Bank of America Corporation reiterated a "buy" rating and set a $225.00 price objective (up previously from $208.00) on shares of 3M in a research report on Tuesday, June 6th.

Since May 3, 2017, it had 0 buys, and 4 insider sales for $6.59 million activity. McGrath Marlene Mary also sold $2.88M worth of 3M Co (NYSE:MMM) on Thursday, May 18. The insider Bauman James L sold 14,616 shares worth $2.86 million. The shares were sold at an average price of $206.66, for a total value of $295,110.48. Trustco Bancorporation Corporation N Y has invested 2.22% in 3M Co (NYSE:MMM). Streetinsider.com's news article titled: "3M Co". Startribune.com's news article titled: "3M looking for office space in downtown St. Paul" with publication date: August 16, 2017 was also an interesting one.

Samlyn Capital Llc decreased Waste Connections Inc stake by 117,491 shares to 556,800 valued at $43.76M in 2016Q4. Its up 0.29, from 0.83 in 2016Q3. Albion Fincl Grp Ut invested in 5,862 shares. 161 funds opened positions while 382 raised stakes. Rodgers Brothers Inc has 14,647 shares. Nj State Employees Deferred Compensation Plan holds 0.09% or 8,000 shares in its portfolio. Geode Cap Limited Liability Company owns 5.90M shares or 0.49% of their USA portfolio. (NYSE:MO) rose 0.42% to $62.49. Caz Lp owns 9,130 shares. 88,201 were accumulated by Chesley Taft And Ltd Company. Stifel, a Missouri-based fund reported 374,705 shares. Hudson Bay Cap Ltd Partnership has 7,023 shares for 0.01% of their portfolio.

Other hedge funds and other institutional investors have also modified their holdings of the company.

Among 33 analysts covering Citigroup Inc.

Among 14 analysts covering Deutsche Bank AG (NYSE:DB), 2 have Buy rating, 9 Sell and 3 Hold. Therefore 55% are positive. NCR had 26 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, September 17 by Nomura. Kirby Corp (NYSE:KEX) was reduced too. On Thursday, January 21 the stock rating was initiated by Citigroup with "Buy". The firm has "Outperform" rating by Credit Suisse given on Friday, September 25. As per Friday, April 28, the company rating was maintained by Barclays Capital. The company was maintained on Tuesday, January 5 by Oppenheimer. The firm has "Sector Perform" rating given on Wednesday, December 7 by RBC Capital Markets. Vetr has "Hold" rating and $56.66 target.

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