Compton Capital Management Raised 3M Co (MMM) Stake by $496,860 as Stock Rose; Spinnaker Trust Boosted Its Position in Us Bancorp (USB) as Shares Rose

U.S. Bancorp (NYSE:USB) Logo

Spinnaker Trust increased its stake in Us Bancorp (USB) by 632.59% based on its latest 2018Q2 regulatory filing with the SEC. Spinnaker Trust bought 33,110 shares as the company’s stock rose 4.84% with the market. The institutional investor held 38,344 shares of the major banks company at the end of 2018Q2, valued at $1.92M, up from 5,234 at the end of the previous reported quarter. Spinnaker Trust who had been investing in Us Bancorp for a number of months, seems to be bullish on the $85.01B market cap company. The stock decreased 3.31% or $1.8 during the last trading session, reaching $52.6. About 9.81 million shares traded or 32.16% up from the average. U.S. Bancorp (NYSE:USB) has risen 3.84% since December 5, 2017 and is uptrending. It has underperformed by 11.78% the S&P500. Some Historical USB News: 09/05/2018 – U.S. BANCORP OUTLOOK STABLE BY MOODY’S; 05/03/2018 Moody’s has placed on review for downgrade the ratings on 72 tranches in 36 structured note transactions; 18/04/2018 – U.S. BANCORP CFO SAYS AFTER MOST RECENT RATE HIKE, HAVE SEEN VERY LITTLE MOVEMENT IN TERMS OF DEPOSIT PRICING – CONF CALL; 23/04/2018 – DJ US Bancorp, Inst Holders, 1Q 2018 (USB); 18/04/2018 – US BANCORP 1Q EPS INCLUDES 1C NET FAVORABLE ITEMS; 24/04/2018 – Elavon Gives Customers and Partners Enhanced Protection from Data Breaches with PCI Point-to-Point Encryption (P2PE) Validation; 18/04/2018 – Fitch: U.S. Bancorp’s 1Q18 Bottom Line Results Aided by Tax Reform; 11/04/2018 – U.S. BANK – CLIENTS WHOSE BUSINESS TRAVEL CARDS RUN ON MASTERCARD NETWORK CAN NOW PAY FOR PURCHASES VIA MOBILE DEVICES; 18/04/2018 – US Bancorp 1Q Return on Tangible Common Equity 19.3%; 04/04/2018 – Little Harbor Advisors, LLC Launches the LHA Market State™ U.S. Tactical ETF (Ticker Symbol: MSUS)

Compton Capital Management Inc increased its stake in 3M Co (MMM) by 17.44% based on its latest 2018Q2 regulatory filing with the SEC. Compton Capital Management Inc bought 2,535 shares as the company’s stock rose 0.89% with the market. The institutional investor held 17,068 shares of the medical and dental instruments company at the end of 2018Q2, valued at $3.36M, up from 14,533 at the end of the previous reported quarter. Compton Capital Management Inc who had been investing in 3M Co for a number of months, seems to be bullish on the $117.74B 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: 19/04/2018 – TRYG TRYG.CO – NOTES WILL BE ISSUED ON 26 APRIL 2018 WITH A VARIABLE INTEREST RATE OF 3M STIBOR + 2.50% PER ANNUM; 13/04/2018 – Canada 3M CDOR Yield at 1.93% by End-3Q vs 1.90% Prior (Survey); 02/04/2018 – Propeller Health Publishes Results From a Large Public Health Study on Asthma; Successfully Reduces the Burden of Asthma in Louisville; 04/04/2018 – 3M Names Kristen Ludgate Senior VP, Human Re; 01/05/2018 – LAUNCH: ANZ BANK NEW 5-YR BENCHMARK DEAL AT 3M BBSW +93BP AREA; 04/04/2018 – 3M Selects C3 IoT As Strategic Al Software Platform; 24/04/2018 – 3M sinks 8%, eyes biggest drop since 2006; 30/05/2018 – 3M INDIA LTD TMIN.NS – APPROVES PROPOSAL FOR INVESTMENT IN 3M ELECTRO & COMMUNICATION INDIA FOR AMOUNT NOT EXCEEDING 5.90 BLN RUPEES; 24/04/2018 – 3M sinks 8%, eyes biggest drop since 2007; 24/04/2018 – 3M said Tuesday it expects earnings per share for the year to range between $10.20 and $10.55, down from a range between $10.20 and $10.70

Investors sentiment increased to 0.97 in Q2 2018. Its up 0.20, from 0.77 in 2018Q1. It increased, 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. Principal Financial Group Incorporated accumulated 1.31 million shares. Mercer Cap Advisers reported 1.77% of its portfolio in 3M Company (NYSE:MMM). 21,977 were reported by Armstrong Henry H Assocs. Moreover, Amica Mutual has 0.47% invested in 3M Company (NYSE:MMM) for 19,959 shares. Highland Cap Mngmt Lc reported 19,365 shares or 0.29% of all its holdings. Edgestream Prns LP reported 0.05% stake. 90,494 were accumulated by Hyman Charles D. Halsey Associates Inc Ct holds 0.21% or 5,365 shares in its portfolio. Intersect Cap Lc reported 0.31% of its portfolio in 3M Company (NYSE:MMM). Heritage Investors Management has 55,418 shares for 0.67% of their portfolio. 44,395 are held by Wilkins Invest Counsel. Strategic Services has invested 0.08% in 3M Company (NYSE:MMM). Aviance Mngmt Ltd Liability accumulated 5 shares. Ls Investment Advsrs Limited Com reported 42,377 shares stake. Zevin Asset Mgmt Limited Liability Corporation holds 3,434 shares.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M: Optimistic, But A Few Caveats – Seeking Alpha” on November 11, 2018, also Seekingalpha.com with their article: “As Expected, Evolution, Not Revolution, From 3M – Seeking Alpha” published on November 20, 2018, Forbes.com published: “How Has 3M Managed To Consistently Improve Its Margins Over The Past Five Years? – Forbes” on November 29, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Fool.com and their article: “7 Reasons That 3M’s Guidance Looks Overly Optimistic – Motley Fool” published on November 29, 2018 as well as Fool.com‘s news article titled: “Will 3M’s New 5-Year Financial Plan Help the Stock Recover? – The Motley Fool” with publication date: December 01, 2018.

Compton Capital Management Inc, which manages about $284.24M and $236.41 million US Long portfolio, decreased its stake in Starbucks Corp (NASDAQ:SBUX) by 24,785 shares to 6,253 shares, valued at $305,000 in 2018Q2, according to the filing.

Since September 10, 2018, it had 1 insider purchase, and 1 sale for $90,252 activity. PAGE GREGORY R bought $184,500 worth of stock or 1,000 shares.

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. Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating on Wednesday, October 25. Stifel Nicolaus has “Hold” rating and $244 target. Jefferies maintained the shares of MMM in report on Tuesday, September 26 with “Buy” rating. UBS maintained 3M Company (NYSE:MMM) rating on Wednesday, December 16. UBS has “Buy” rating and $175 target. RBC Capital Markets maintained the shares of MMM in report on Wednesday, October 25 with “Hold” rating. The company was maintained on Wednesday, October 25 by Argus Research. RBC Capital Markets maintained the shares of MMM in report on Wednesday, December 16 with “Underperform” rating. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Friday, October 23 with “Underperform” rating. Morgan Stanley maintained 3M Company (NYSE:MMM) rating on Wednesday, July 26. Morgan Stanley has “Underweight” rating and $190 target. The company was maintained on Wednesday, July 19 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Tuesday, August 4 with “Underperform”.

Since July 19, 2018, it had 0 buys, and 7 selling transactions for $16.82 million activity. On Wednesday, November 14 OMALEY DAVID B sold $585,001 worth of U.S. Bancorp (NYSE:USB) or 10,902 shares. Another trade for 58,924 shares valued at $3.05 million was sold by Elmore John R.. 14,229 shares valued at $730,517 were sold by von Gillern Jeffry H. on Thursday, July 19. CECERE ANDREW also sold $9.71M worth of U.S. Bancorp (NYSE:USB) shares.

Spinnaker Trust, which manages about $938.58M US Long portfolio, decreased its stake in Eog Res Inc (NYSE:EOG) by 2,920 shares to 25,122 shares, valued at $3.13M in 2018Q2, according to the filing. It also reduced its holding in Charles Schwab Corp (NYSE:SCHW) by 11,260 shares in the quarter, leaving it with 55,307 shares, and cut its stake in Wisdomtree Dynamic Ccy Hdgd Int.

More news for U.S. Bancorp (NYSE:USB) were recently published by: Seekingalpha.com, which released: “U.S. Bancorp (USB) CEO Andy Cecere Presents at Goldman Sachs US Financial Services Conference (Transcript) – Seeking Alpha” on December 04, 2018. Nasdaq.com‘s article titled: “Is Citigroup Stock Too Cheap To Ignore? – Nasdaq” and published on November 20, 2018 is yet another important article.

3M Company (NYSE:MMM) Institutional Positions Chart

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