Foster & Motley Has Cut Its Position in 3M Company (MMM) by $500,388 as Stock Value Rose; Wells Fargo Co New (WFC) Holder Granite Investment Partners Has Cut Holding by $319,770 as Stock Value Rose

Wells Fargo & Company (NYSE:WFC) Logo

Granite Investment Partners Llc decreased its stake in Wells Fargo Co New (WFC) by 5.69% based on its latest 2018Q2 regulatory filing with the SEC. Granite Investment Partners Llc sold 5,814 shares as the company’s stock rose 1.41% with the market. The institutional investor held 96,381 shares of the major banks company at the end of 2018Q2, valued at $5.34M, down from 102,195 at the end of the previous reported quarter. Granite Investment Partners Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $255.32 billion market cap company. The stock decreased 0.07% or $0.04 during the last trading session, reaching $54.24. About 21.26M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 8.47% since December 4, 2017 and is uptrending. It has underperformed by 7.15% the S&P500. Some Historical WFC News: 10/05/2018 – RBS DEAL POINTS TO LIGHTER TRUMP-ERA FINES FOR WELLS FARGO, UBS; 31/05/2018 – WELLS FARGO & CO CEO TIM SLOAN SPEAKS AT INVESTOR CONFERENCE; 07/05/2018 – Applied Industrial Tech at Wells Fargo Conference Tomorrow; 15/03/2018 – Wells Fargo faces sanctions for auto insurance payouts: Report; 20/04/2018 – WILLIAMS SAYS BANK SUPERVISION IS ABOUT MAKING SURE MANAGEMENT FOLLOWING LAWS AND REGULATIONS; 04/05/2018 – Esterline to Participate in Wells Fargo Securities Industrials Conference; 21/05/2018 – Wells Fargo Said to Cut 22 Jobs in Currency Trading Amid Malaise; 29/05/2018 – WOFFORD JOINS INDUSTRIALS INVESTMENT BANKING OF WELLS FARGO; 13/05/2018 – EISMAN SAYS HE’S STILL SHORT WELLS FARGO; 08/05/2018 – Gentex at Wells Fargo Industrials Conference Tomorrow

Foster & Motley Inc decreased its stake in 3M Company (MMM) by 13.23% based on its latest 2018Q2 regulatory filing with the SEC. Foster & Motley Inc sold 2,553 shares as the company’s stock rose 0.89% with the market. The institutional investor held 16,740 shares of the medical and dental instruments company at the end of 2018Q2, valued at $3.29M, down from 19,293 at the end of the previous reported quarter. Foster & Motley Inc who had been investing in 3M Company for a number of months, seems to be less bullish one the $121.56 billion market cap company. The stock increased 0.40% or $0.84 during the last trading session, reaching $208.76. About 2.49M shares traded. 3M Company (NYSE:MMM) has declined 1.40% since December 4, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 13/03/2018 – SPAIN 3M BILLS BID-TO-COVER 5.59 VS 6.15 AT FEB. 20 AUCTION; 05/03/2018 – 3M Michael Roman Appointed CEO; 21/03/2018 – China 3M Shibor Yield at 4.73% by End-1Q18 (Survey); 05/03/2018 – 3M CO – MICHAEL F. ROMAN SUCCEEDS INGE G. THULIN; 07/04/2018 – MALAYSIA PM NAJIB’S COALITION PLEDGES 3M NEW JOBS IN 5 YEARS; 23/03/2018 – Sweden 3M Stibor at -0.30% by End-18 vs -0.14% Prior (Survey); 25/05/2018 – Hartford Value HLS Adds US Foods Holding, Exits 3M Co; 09/04/2018 – 3M Announces Upcoming Investor Events; 24/04/2018 – 3M trims full-year earnings and sales guidance; 09/03/2018 – UK ECONOMY ESTIMATED TO HAVE GROWN BY 0.3 PCT 3M/3M IN FEB – NIESR

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 18 have Buy rating, 7 Sell and 14 Hold. Therefore 46% are positive. Wells Fargo & Company had 157 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Friday, August 25. RBC Capital Markets maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, October 16. RBC Capital Markets has “Outperform” rating and $60 target. The firm has “Neutral” rating given on Wednesday, April 6 by Guggenheim. FBR Capital downgraded the shares of WFC in report on Wednesday, October 19 to “Mkt Perform” rating. The rating was upgraded by UBS to “Buy” on Thursday, April 5. The rating was upgraded by Goldman Sachs to “Buy” on Monday, January 11. Evercore upgraded the shares of WFC in report on Tuesday, September 8 to “Buy” rating. Sandler O’Neill maintained the shares of WFC in report on Thursday, March 29 with “Buy” rating. Robert W. Baird maintained the shares of WFC in report on Friday, November 10 with “Buy” rating. The firm earned “Hold” rating on Tuesday, June 6 by Jefferies.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Businesswire.com which released: “Wells Fargo & Company Declares Cash Dividends on Preferred Stock – Business Wire” on November 16, 2018, also Businesswire.com with their article: “Orlando Homeownership to Get $6.3 Million Boost – Business Wire” published on November 14, 2018, Businesswire.com published: “Wells Fargo Donates an Additional $1.5 Million to California Wildfire Relief Efforts – Business Wire” on November 16, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “Wells Fargo Preferred Stock Went On Sale – Seeking Alpha” published on November 09, 2018 as well as Bizjournals.com‘s news article titled: “Bank Notes: Wells Fargo shuffles C-suite, uncovers more mortgage issues – Philadelphia Business Journal” with publication date: November 12, 2018.

Granite Investment Partners Llc, which manages about $892.06M and $1.58B US Long portfolio, upped its stake in S&P Global Inc by 16,937 shares to 66,083 shares, valued at $13.47 million in 2018Q2, according to the filing. It also increased its holding in Sharpspring Inc by 63,237 shares in the quarter, for a total of 134,583 shares, and has risen its stake in Blackrock Inc (NYSE:BLK).

Since August 7, 2018, it had 0 insider buys, and 1 insider sale for $5.87 million activity.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on January, 11. They expect $1.19 earnings per share, up 22.68% or $0.22 from last year’s $0.97 per share. WFC’s profit will be $5.60B for 11.39 P/E if the $1.19 EPS becomes a reality. After $1.13 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 5.31% EPS growth.

Investors sentiment increased to 0.72 in Q2 2018. Its up 0.13, from 0.59 in 2018Q1. It increased, as 69 investors sold WFC shares while 705 reduced holdings. 113 funds opened positions while 443 raised stakes. 3.60 billion shares or 0.58% less from 3.62 billion shares in 2018Q1 were reported. Strategic Advsr Limited Liability Corporation owns 33,142 shares or 0.74% of their US portfolio. Hightower Ltd holds 581,399 shares or 0.25% of its portfolio. Rocky Mountain Advisers Ltd Co holds 2,050 shares or 0.43% of its portfolio. Moreover, Tdam Usa has 0.62% invested in Wells Fargo & Company (NYSE:WFC) for 177,628 shares. Mcdonald Cap Investors Incorporated Ca holds 8.64% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 1.92 million shares. Brown Advisory Securities Lc reported 45,070 shares stake. Geode Capital Mngmt Llc has invested 0.84% in Wells Fargo & Company (NYSE:WFC). Spindletop Cap Ltd Co holds 7.05% or 170,000 shares in its portfolio. 34,944 are owned by Spears Abacus Advsrs Ltd Limited Liability Company. Renaissance Tech Ltd Llc reported 3.36 million shares stake. Franklin Resource Inc has 1.7% invested in Wells Fargo & Company (NYSE:WFC). 949,674 are owned by Soros Fund Mngmt Ltd Liability. Rmb Limited Liability holds 0.05% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 38,371 shares. Parametric Portfolio Associates Limited Liability Company stated it has 0.76% in Wells Fargo & Company (NYSE:WFC). Argent Cap Management Limited Liability Company owns 0.78% invested in Wells Fargo & Company (NYSE:WFC) for 390,887 shares.

Foster & Motley Inc, which manages about $913.18M and $627.13 million US Long portfolio, upped its stake in Allstate Corporation (NYSE:ALL) by 4,866 shares to 8,554 shares, valued at $781,000 in 2018Q2, according to the filing. It also increased its holding in The Greenbrier Companies Inc. (NYSE:GBX) by 17,442 shares in the quarter, for a total of 31,744 shares, and has risen its stake in Schwab U.S. Reit Etf (SCHH).

Since September 10, 2018, it had 1 insider buy, and 1 sale for $90,252 activity. 1,000 shares were bought by PAGE GREGORY R, worth $184,500 on Friday, October 26.

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 106 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, August 14. The firm has “Neutral” rating by UBS given on Thursday, April 26. The stock has “Hold” rating by Deutsche Bank on Friday, September 28. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, April 26 report. As per Friday, July 24, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, October 11 by Credit Suisse. On Wednesday, October 25 the stock rating was maintained by Argus Research with “Buy”. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Thursday, January 25. As per Tuesday, March 15, the company rating was maintained by Credit Suisse. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Wednesday, December 16. RBC Capital Markets has “Underperform” rating and $136 target.

Investors sentiment increased to 0.97 in Q2 2018. Its up 0.20, from 0.77 in 2018Q1. It is positive, as 73 investors sold MMM shares while 549 reduced holdings. 111 funds opened positions while 490 raised stakes. 374.25 million shares or 0.96% less from 377.88 million shares in 2018Q1 were reported. Peapack Gladstone Financial reported 70,802 shares or 0.73% of all its holdings. Macguire Cheswick And Tuttle Counsel Limited Liability has invested 0.11% in 3M Company (NYSE:MMM). Neville Rodie & Shaw holds 0.54% or 26,015 shares. 8,575 are owned by Pinnacle Fincl Prtnrs Inc. 5,365 were reported by Halsey Assoc Ct. Bradley Foster Sargent Ct holds 0.57% or 80,467 shares in its portfolio. Moreover, Gardner Russo & Gardner Ltd Com has 0% invested in 3M Company (NYSE:MMM) for 1,425 shares. Bbva Compass Bankshares has 27,230 shares. Laffer Investments holds 0% of its portfolio in 3M Company (NYSE:MMM) for 15,707 shares. Moneta Group Inv Advsr Limited Liability Corp stated it has 248,787 shares or 0.04% of all its holdings. Grimes & Company stated it has 13,094 shares or 0.23% of all its holdings. Moreover, Peregrine Asset Advisers has 0.19% invested in 3M Company (NYSE:MMM). Cornerstone owns 3,355 shares for 0.45% of their portfolio. Kbc Gp Nv owns 0.09% invested in 3M Company (NYSE:MMM) for 54,832 shares. Moreover, Independent has 2.32% invested in 3M Company (NYSE:MMM).

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 24. They expect $2.28 earnings per share, up 8.57% or $0.18 from last year’s $2.1 per share. MMM’s profit will be $1.33B for 22.89 P/E if the $2.28 EPS becomes a reality. After $2.58 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts -11.63% negative EPS growth.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M Company (MMM) CEO Michael Roman Presents at Credit Suisse 6th Annual Industrials Conference (Transcript) – Seeking Alpha” on November 28, 2018, also Fool.com with their article: “Will 3M’s New 5-Year Financial Plan Help the Stock Recover? – The Motley Fool” published on December 01, 2018, Seekingalpha.com published: “3M: Optimistic, But A Few Caveats – Seeking Alpha” on November 11, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Bizjournals.com and their article: “3M, Medtronic, Best Buy lead Minnesota companies on Management Top 250 list – Minneapolis / St. Paul Business Journal” published on December 03, 2018 as well as Investorplace.com‘s news article titled: “10 Boring Stocks to Buy for Red-Hot Returns – Investorplace.com” with publication date: November 30, 2018.

3M Company (NYSE:MMM) Institutional Positions Chart

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