As Magellan Midstream Prtnrs LP (MMP) Market Valuation Declined, Atlanta Capital Group Decreased Its Position by $348,450; Howland Capital Management Has Trimmed Holding in 3M Co (MMM) by $398,860

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Howland Capital Management Llc decreased its stake in 3M Co (MMM) by 1.85% based on its latest 2018Q2 regulatory filing with the SEC. Howland Capital Management Llc sold 2,035 shares as the company’s stock rose 0.89% with the market. The institutional investor held 107,715 shares of the medical and dental instruments company at the end of 2018Q2, valued at $21.19 million, down from 109,750 at the end of the previous reported quarter. Howland Capital Management Llc who had been investing in 3M Co for a number of months, seems to be less bullish one the $118.02 billion market cap company. The stock increased 0.24% or $0.48 during the last trading session, reaching $202.68. About 2.99 million shares traded or 15.90% up from the average. 3M Company (NYSE:MMM) has declined 1.40% since December 7, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 03/04/2018 – Consum Prod Sfty: Scotch Thermal Laminators Recalled by 3M Due to Burn Hazard; 25/05/2018 – Hartford Value HLS Adds US Foods Holding, Exits 3M Co; 24/05/2018 – Australia 3M Interbank Yield at 1.90% by End-2Q18 (Survey); 05/03/2018 – More: 3M appoints Michael Roman as CEO; Inge Thulin will take new position as executive chairman of the board; 05/03/2018 – 3M CO – MICHAEL F. ROMAN IS APPOINTED CHIEF EXECUTIVE OFFICER, EFFECTIVE JULY 1, 2018; 04/04/2018 – C3 IOT ANNOUNCED MULTI-YEAR AGREEMENT WITH 3M TO PROVIDE C3 IOT Al AND IOT SOFTWARE PLATFORM TO SUPPORT 3M’S DIGITAL TRANSFORMATION; 05/03/2018 – 3M Announces New Leadership Appointments; 13/04/2018 – Canada 3M Bill Yield at 1.55% by End-3Q vs 1.58% Prior (Survey); 09/05/2018 – 3M CO – STOCKHOLDERS ELECTED EACH OF TWELVE NOMINEES TO BOARD FOR A ONE-YEAR TERM; 08/03/2018 – Minnesota AG: Summary of 3M Settlement

Atlanta Capital Group decreased its stake in Magellan Midstream Prtnrs Lp (MMP) by 38.08% based on its latest 2018Q2 regulatory filing with the SEC. Atlanta Capital Group sold 5,050 shares as the company’s stock declined 1.74% while stock markets rallied. The institutional investor held 8,211 shares of the natural gas distribution company at the end of 2018Q2, valued at $567,000, down from 13,261 at the end of the previous reported quarter. Atlanta Capital Group who had been investing in Magellan Midstream Prtnrs Lp for a number of months, seems to be less bullish one the $13.74 billion market cap company. The stock increased 0.10% or $0.06 during the last trading session, reaching $60.23. About 1.31M shares traded or 68.72% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 1.80% since December 7, 2017 and is downtrending. It has underperformed by 17.42% the S&P500. Some Historical MMP News: 03/05/2018 – Crude volumes on Magellan’s Bridg; 09/03/2018 – MAGELLAN MIDSTREAM PARTNERS – CUSTOMERS INTERESTED IN OPEN SEASON MUST SUBMIT BINDING COMMITMENTS BY 5:00 P.M. CENTRAL TIME ON MAY 9, 2018; 20/04/2018 – DJ Magellan Midstream Partners LP, Inst Holders, 1Q 2018 (MMP); 27/03/2018 – Report: Exploring Fundamental Drivers Behind Mobile TeleSystems OJSC, Scorpio Tankers, Magellan Midstream Partners, National St; 15/03/2018 – Shell warns against proposed Magellan oil trading arm; 04/05/2018 – Magellan Midstream Boosts Capital Spending as Projects Heat Up Along Texas Gulf Coast, an Industrial Info News Alert; 03/05/2018 – MAGELLAN MIDSTREAM PARTNERS – NET INCOME PER LIMITED PARTNER UNIT ESTIMATED TO BE $4.10 FOR 2018; 26/04/2018 – MMP BOOSTS QTRLY DISTRIBUTION TO 93.75C, EST 93.75C; 03/05/2018 – MAGELLAN MIDSTREAM PARTNERS LP – INCREASES ANNUAL GUIDANCE FOR 2018 DISTRIBUTABLE CASH FLOW TO $1.08 BLN; 03/05/2018 – Magellan Midstream 1Q Net $210.9M

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on February, 7. They expect $1.15 earnings per share, up 10.58% or $0.11 from last year’s $1.04 per share. MMP’s profit will be $262.42M for 13.09 P/E if the $1.15 EPS becomes a reality. After $1.10 actual earnings per share reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 4.55% EPS growth.

More notable recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Seekingalpha.com which released: “ET: Excellent Quarter Benefiting From Strength In Upstream – Seeking Alpha” on November 11, 2018, also Nasdaq.com with their article: “Plains All American Pipeline, L.P. Earnings Skyrocket in Q3 – Nasdaq” published on November 07, 2018, Seekingalpha.com published: “Magellan Midstream tops Q2 earnings estimates, ups full-year DCF guidance – Seeking Alpha” on August 02, 2018. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Seekingalpha.com and their article: “Magellan Midstream Partners (MMP) Presents At Barclays CEO Energy-Power Conference – Slideshow – Seeking Alpha” published on September 06, 2018 as well as Fool.com‘s news article titled: “Magellan Midstream Partners Raises Guidance and Plans Even More Construction – The Motley Fool” with publication date: November 02, 2018.

Atlanta Capital Group, which manages about $1.02 billion and $659.70 million US Long portfolio, upped its stake in Enterprise Prods Partners L (NYSE:EPD) by 15,507 shares to 46,233 shares, valued at $1.28M in 2018Q2, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 14,859 shares in the quarter, for a total of 141,280 shares, and has risen its stake in Spdr S&P Midcap 400 Etf Tr (MDY).

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. Magellan Midstream Partners L.P. had 79 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, April 4 by Wunderlich. The firm has “Hold” rating given on Thursday, September 7 by Stifel Nicolaus. The rating was maintained by Barclays Capital on Friday, February 2 with “Equal-Weight”. The rating was downgraded by Barclays Capital on Tuesday, July 18 to “Hold”. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Hold” rating given on Friday, August 3 by Stifel Nicolaus. Bank of America maintained the stock with “Buy” rating in Tuesday, March 27 report. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Hold” rating by RBC Capital Markets on Sunday, July 23. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, July 11. The firm earned “Neutral” rating on Friday, May 5 by Credit Suisse. On Wednesday, July 13 the stock rating was initiated by Ladenburg Thalmann with “Buy”.

Investors sentiment increased to 1.01 in Q2 2018. Its up 0.23, from 0.78 in 2018Q1. It is positive, as 29 investors sold MMP shares while 155 reduced holdings. 55 funds opened positions while 131 raised stakes. 136.78 million shares or 0.59% more from 135.98 million shares in 2018Q1 were reported. Naples Glob Limited holds 0.09% or 4,675 shares in its portfolio. Narwhal Cap Mgmt invested in 29,350 shares. Glenview Bancorporation Tru Dept has 3,150 shares. Mark Sheptoff Planning Lc invested 0.04% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Sei Investments Company holds 151,665 shares. Cushing Asset Mgmt Ltd Partnership has 1.87% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Manufacturers Life Insurance Com The stated it has 0% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Edgemoor Advsr holds 0.6% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 65,105 shares. Cap Advsrs Ok holds 11,689 shares or 0.05% of its portfolio. Regions Financial reported 10,961 shares. Stratos Wealth Ptnrs invested 0.05% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Oakworth Cap holds 0% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 5 shares. Argent Trust holds 0.08% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 8,814 shares. 4,314 are held by Cetera Advisor Network Ltd Llc. Pinnacle Ltd Llc holds 0% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 82,578 shares.

Since September 20, 2018, it had 0 insider buys, and 3 sales for $2.79 million activity. The insider May Douglas J sold 5,000 shares worth $343,467. Another trade for 30,000 shares valued at $2.07M was made by MEARS MICHAEL N on Thursday, September 20.

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

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. Rathbone Brothers Public Ltd Com invested in 36,877 shares or 0.27% of the stock. Advisors Ltd Co owns 9,542 shares. St Germain D J Com has invested 0.2% in 3M Company (NYSE:MMM). Allsquare Wealth Mngmt Ltd Liability Corp holds 274 shares. South Texas Money Management Ltd owns 24,321 shares. Cap Mngmt Associate Ny reported 0.55% stake. 43.09 million are owned by State Street. Mutual Of America Cap Management Lc holds 76,545 shares or 0.22% of its portfolio. Buckhead Cap Ltd Liability Company has invested 1.98% in 3M Company (NYSE:MMM). Alpha Windward Ltd Llc, Massachusetts-based fund reported 1,208 shares. Moreover, East Coast Asset Ltd has 0.34% invested in 3M Company (NYSE:MMM). Evermay Wealth Ltd Limited Liability Company has invested 0.35% in 3M Company (NYSE:MMM). 10,106 were accumulated by Autus Asset Management Limited Liability Company. Rampart Ltd Co has 6,079 shares for 0.12% of their portfolio. Michigan-based Comerica Natl Bank has invested 0.34% in 3M Company (NYSE:MMM).

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 “Underweight” rating by Morgan Stanley given on Monday, October 2. On Wednesday, July 26 the stock rating was maintained by Citigroup with “Buy”. The stock has “Buy” rating by Jefferies on Tuesday, April 24. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Argus Research on Wednesday, April 25. Morgan Stanley maintained 3M Company (NYSE:MMM) rating on Wednesday, July 26. Morgan Stanley has “Underweight” rating and $190 target. RBC Capital Markets maintained it with “Hold” rating and $240.0 target in Wednesday, January 3 report. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, October 25 report. The rating was maintained by Jefferies on Tuesday, April 12 with “Buy”. The firm has “Hold” rating given on Wednesday, October 25 by Goldman Sachs. As per Thursday, July 12, the company rating was maintained by Deutsche Bank.

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 Bizjournals.com with their article: “3M’s new products must meet sustainability goals, company says – Minneapolis / St. Paul Business Journal” published on December 05, 2018, Seekingalpha.com published: “3M Company (MMM) CEO Michael Roman Presents at Credit Suisse 6th Annual Industrials Conference (Transcript) – Seeking Alpha” on November 28, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “As Expected, Evolution, Not Revolution, From 3M – Seeking Alpha” published on November 20, 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.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 24. They expect $2.28 EPS, up 8.57% or $0.18 from last year’s $2.1 per share. MMM’s profit will be $1.33 billion for 22.22 P/E if the $2.28 EPS becomes a reality. After $2.58 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -11.63% negative EPS growth.

3M Company (NYSE:MMM) Institutional Positions Chart

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