3M Co (MMM) Holder Arizona State Retirement System Cut Its Position as Share Value Rose; As Fidelity National Financial (FNF) Share Price Rose, Golden Gate Private Equity Upped Stake by $980,500

Fidelity National Financial, Inc. (NYSE:FNF) Logo

Arizona State Retirement System decreased its stake in 3M Co (MMM) by 2.86% based on its latest 2018Q2 regulatory filing with the SEC. Arizona State Retirement System sold 4,553 shares as the company’s stock rose 0.89% with the market. The institutional investor held 154,771 shares of the medical and dental instruments company at the end of 2018Q2, valued at $30.45M, down from 159,324 at the end of the previous reported quarter. Arizona State Retirement System who had been investing in 3M Co for a number of months, seems to be less bullish one the $117.74 billion market cap company. The stock decreased 3.14% or $6.56 during the last trading session, reaching $202.2. About 2.70M shares traded or 3.72% up from the average. 3M Company (NYSE:MMM) has declined 1.40% since December 5, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 05/03/2018 – 3M: Inge Thulin Appointed 3M Executive Chmn; 13/03/2018 – SPAIN 3M BILLS AVG YIELD -0.543% VS -0.507% AT FEB. 20 AUCTION; 24/04/2018 – 3M CO 1Q EPS 98C; 24/04/2018 – 3M CO – FOREIGN CURRENCY TRANSLATION IN QTR INCREASED SALES BY 4.2 PERCENT YEAR-ON-YEAR; 15/05/2018 – 3M Co Presenting at Electrical Products Group Conference May 21; 21/05/2018 – 3M NAMES GAYLE SCHUELLER CHIEF SUSTAINABILITY OFFICER; 08/03/2018 – FASTPARTNER AB – LOAN RUNS WITH VARIABLE INTEREST RATE OF STIBOR 3M + 2.45 PERCENTAGE POINTS WITH MATURITY IN SEPTEMBER 2021; 30/04/2018 – 3m company | 3m attest super rapid readout steam chal | K173519 | 04/23/2018 |; 23/05/2018 – OROCOBRE UPS CAUCHARI RESOURCE EST. TO 3M TONS LITHUM CARBONATE; 29/03/2018 – Poland 3M Wibor at 1.72% by End-2Q18 vs 1.73% Prior (Survey)

Golden Gate Private Equity Inc increased its stake in Fidelity National Financial Inc. (FNF) by 28.68% based on its latest 2018Q2 regulatory filing with the SEC. Golden Gate Private Equity Inc bought 26,500 shares as the company’s stock rose 4.61% with the market. The institutional investor held 118,900 shares of the finance company at the end of 2018Q2, valued at $4.47 million, up from 92,400 at the end of the previous reported quarter. Golden Gate Private Equity Inc who had been investing in Fidelity National Financial Inc. for a number of months, seems to be bullish on the $9.00 billion market cap company. The stock decreased 2.74% or $0.92 during the last trading session, reaching $32.7. About 1.57M shares traded or 25.36% up from the average. Fidelity National Financial, Inc. (NYSE:FNF) has risen 15.01% since December 5, 2017 and is uptrending. It has underperformed by 0.61% the S&P500. Some Historical FNF News: 19/03/2018 – STEWART: PACT TO BE BOUGHT BY FIDELITY NATIONAL FINANCIAL; 19/03/2018 – FNF HAS BEEN NEGOTIATING STEWART DEAL FOR 3-4 MONTHS: CALL; 19/03/2018 – FIDELITY NATIONAL FINANCIAL OUTLOOK STABLE BY FITCH; 02/05/2018 – FNF 1Q REV. $1.7B, EST. $1.66B; 19/03/2018 – Fidelity National Financial to Buy Stewart Information Services for $1.19 Billion; 26/03/2018 – Stewart Information needed nomination push to motivate board; 19/03/2018 – FIDELITY NATIONAL FINANCIAL INC – CO EXPECTS DEAL TO BE AT LEAST 15% ACCRETIVE TO PRO FORMA 2017 ADJ NET EPS AT THAT OPERATIONAL COST SYNERGY TARGET; 02/05/2018 – Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0.30; 19/03/2018 – STEWART SAYS FIDELITY NATIONAL FINL DEAL VALUED AT ABOUT $1.2B; 19/03/2018 – STEWART INFORMATION SERVICES SAYS STEWART WILL BE OBLIGATED TO PAY TERMINATION FEE OF $33 MLN TO FNF IF MERGER TERMINATED DUE TO STEWART’S BOARD

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 firm has “Hold” rating given on Thursday, March 22 by RBC Capital Markets. The company was maintained on Thursday, July 13 by Jefferies. The rating was maintained by Barclays Capital on Friday, April 28 with “Buy”. The stock of 3M Company (NYSE:MMM) has “Hold” rating given on Thursday, January 25 by RBC Capital Markets. J.P. Morgan maintained 3M Company (NYSE:MMM) rating on Thursday, January 18. J.P. Morgan has “Sell” rating and $221.0 target. Credit Suisse maintained it with “Outperform” rating and $222 target in Wednesday, October 24 report. The firm has “Buy” rating given on Tuesday, April 19 by Citigroup. RBC Capital Markets maintained the shares of MMM in report on Tuesday, December 12 with “Hold” rating. The company was maintained on Thursday, December 14 by Jefferies. The firm has “Buy” rating given on Tuesday, April 24 by CFRA.

Arizona State Retirement System, which manages about $9.94 billion US Long portfolio, upped its stake in Zions Bancorporation (NASDAQ:ZION) by 54,882 shares to 161,456 shares, valued at $8.51M in 2018Q2, according to the filing. It also increased its holding in Dover Corp (NYSE:DOV) by 40,984 shares in the quarter, for a total of 119,868 shares, and has risen its stake in Autodesk Inc (NASDAQ:ADSK).

More notable recent 3M Company (NYSE:MMM) news were published by: Investorplace.com which released: “10 Boring Stocks to Buy for Red-Hot Returns – Investorplace.com” on November 30, 2018, also Fool.com with their article: “7 Reasons That 3M’s Guidance Looks Overly Optimistic – Motley Fool” published on November 29, 2018, Bizjournals.com published: “3M’s new products must meet sustainability goals, company says – Minneapolis / St. Paul Business Journal” on December 05, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Fool.com and their article: “Will 3M’s New 5-Year Financial Plan Help the Stock Recover? – The Motley Fool” published on December 01, 2018 as well as Seekingalpha.com‘s news article titled: “3M CEO sets five-year financial targets – Seeking Alpha” with publication date: November 15, 2018.

Since September 10, 2018, it had 1 buying transaction, and 1 insider sale for $90,252 activity. Hammes Eric D. had sold 1,272 shares worth $274,752 on Monday, September 10.

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 22.17 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.

Investors sentiment increased to 0.97 in Q2 2018. Its up 0.20, from 0.77 in 2018Q1. It improved, 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. Mitsubishi Ufj Tru Bk Corp has invested 0.42% in 3M Company (NYSE:MMM). Colorado-based Tributary Management Ltd Liability has invested 0.37% in 3M Company (NYSE:MMM). Sfe Investment Counsel invested in 0.85% or 10,461 shares. Marietta Prtnrs Ltd Liability Corp reported 13,452 shares. Chilton Capital Ltd Liability Corp invested 0.1% of its portfolio in 3M Company (NYSE:MMM). Jacobson And Schmitt Advsrs Ltd reported 0.14% of its portfolio in 3M Company (NYSE:MMM). Saybrook Cap Nc reported 56,311 shares or 5.08% of all its holdings. M Holdg Securities Inc has invested 0.31% in 3M Company (NYSE:MMM). Boothbay Fund Lc stated it has 1,100 shares. 484,099 are held by Schafer Cullen Cap Mgmt Inc. Signaturefd Ltd Liability Corp reported 6,550 shares or 0.14% of all its holdings. Reilly Herbert Faulkner Iii reported 21,562 shares. Sei Invests invested in 87,583 shares or 0.06% of the stock. Adirondack accumulated 0.42% or 3,022 shares. Grimes & Inc has invested 0.23% in 3M Company (NYSE:MMM).

Investors sentiment decreased to 1.26 in 2018 Q2. Its down 0.08, from 1.34 in 2018Q1. It fall, as 40 investors sold FNF shares while 100 reduced holdings. 44 funds opened positions while 132 raised stakes. 222.08 million shares or 2.28% more from 217.14 million shares in 2018Q1 were reported. Lincoln invested 0.01% of its portfolio in Fidelity National Financial, Inc. (NYSE:FNF). Menta Limited Liability Corp holds 0.06% or 7,300 shares. Royal Retail Bank Of Canada holds 105,909 shares. Price T Rowe Inc Md invested in 0.13% or 22.32M shares. Thompson Invest Management holds 0.85% in Fidelity National Financial, Inc. (NYSE:FNF) or 124,020 shares. 324,011 are held by Hollencrest Cap. Stevens Cap LP invested 0.01% of its portfolio in Fidelity National Financial, Inc. (NYSE:FNF). Janney Montgomery Scott Ltd owns 18,650 shares for 0.01% of their portfolio. M&T State Bank reported 30,717 shares. Eaton Vance Mngmt holds 93,495 shares or 0.01% of its portfolio. Gateway Inv Advisers Limited Liability Com owns 152,620 shares for 0.05% of their portfolio. Sawgrass Asset owns 0.01% invested in Fidelity National Financial, Inc. (NYSE:FNF) for 7,755 shares. Piedmont Investment Advisors Ltd Liability Company invested in 0% or 103 shares. Financial Counselors Inc has invested 0.01% of its portfolio in Fidelity National Financial, Inc. (NYSE:FNF). State Board Of Administration Of Florida Retirement Sys reported 409,276 shares or 0.04% of all its holdings.

Among 8 analysts covering Fidelity National Financial (NYSE:FNF), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Fidelity National Financial had 27 analyst reports since August 3, 2015 according to SRatingsIntel. As per Friday, September 8, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Overweight” rating on Friday, September 25 by Piper Jaffray. As per Friday, October 27, the company rating was maintained by Barclays Capital. The firm earned “Outperform” rating on Tuesday, July 17 by Wood. Monness Crespi & Hardt maintained Fidelity National Financial, Inc. (NYSE:FNF) on Monday, January 25 with “Buy” rating. The company was maintained on Thursday, October 26 by Piper Jaffray. SunTrust maintained the shares of FNF in report on Thursday, October 19 with “Buy” rating. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The rating was maintained by SunTrust on Friday, January 26 with “Buy”. The firm has “Overweight” rating given on Friday, February 12 by Barclays Capital.

3M Company (NYSE:MMM) Institutional Positions Chart

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