Inverness Counsel Llc decreased its stake in 3M Company (MMM) by 24.72% based on its latest 2018Q3 regulatory filing with the SEC. Inverness Counsel Llc sold 3,099 shares as the company’s stock declined 6.86% with the market. The institutional investor held 9,437 shares of the medical and dental instruments company at the end of 2018Q3, valued at $1.99 million, down from 12,536 at the end of the previous reported quarter. Inverness Counsel Llc who had been investing in 3M Company for a number of months, seems to be less bullish one the $114.05B market cap company. The stock increased 2.16% or $4.15 during the last trading session, reaching $195.86. About 2.75 million shares traded or 2.32% up from the average. 3M Company (NYSE:MMM) has declined 17.47% since January 21, 2018 and is downtrending. It has underperformed by 17.47% the S&P500. Some Historical MMM News: 25/04/2018 – Australia 3M Interbank Yield at 1.83% by End-2Q18 (Survey); 30/04/2018 – 3M GETS FDA 510 K CLEARANCE FOR ATTEST SUPER RAPID INDICATOR; 30/05/2018 – 3M INDIA 4Q REVENUE 6.79B RUPEES VERSUS 6.48B RUPEES; 21/05/2018 – 3M SEES SOLID ECONOMY TO AID COMPANY: COO MIKE ROMAN; 05/03/2018 – 3M CO – MICHAEL F. ROMAN IS APPOINTED CHIEF EXECUTIVE OFFICER, EFFECTIVE JULY 1, 2018; 03/04/2018 – Consum Prod Sfty: Scotch Thermal Laminators Recalled by 3M Due to Burn Hazard; 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; 04/04/2018 – 3M Selects C3 IoT As Strategic AI Software Platform; 09/05/2018 – 3M NAMES MOJDEH POUL EVP, SAFETY-GRAPHICS GROUP; 26/03/2018 – 3m company | 3m attest super rapid readout biological | K173437 | 03/19/2018 |
Miller Investment Management Lp decreased its stake in Centene Corp Del (CNC) by 16.86% based on its latest 2018Q3 regulatory filing with the SEC. Miller Investment Management Lp sold 48,608 shares as the company’s stock declined 7.65% with the market. The hedge fund held 239,677 shares of the medical specialities company at the end of 2018Q3, valued at $34.70M, down from 288,285 at the end of the previous reported quarter. Miller Investment Management Lp who had been investing in Centene Corp Del for a number of months, seems to be less bullish one the $26.11 billion market cap company. The stock increased 1.08% or $1.35 during the last trading session, reaching $126.62. About 1.07 million shares traded. Centene Corporation (NYSE:CNC) has risen 31.28% since January 21, 2018 and is uptrending. It has outperformed by 31.28% the S&P500. Some Historical CNC News: 08/05/2018 – S&PGR Revises Centene Outlook To Positive From Stable; Affirms; 24/04/2018 – Centene Sees 2018 Rev $60.6B-$61.4B; 09/05/2018 – S&PGR Rates Centene Proposed Sr. Unsec. Notes ‘BB+’; 24/04/2018 – Centene Raises 2018 View To Adj EPS $6.95-Adj EPS $7.35; 09/05/2018 – CENTENE CORP – OFFERING WAS UPSIZED FROM PREVIOUSLY ANNOUNCED $1.7 BLN OF NOTES; 09/05/2018 – Centene to Use Proceeds to Finance Part of Cash Consideration in Fidelis Care Deal; 24/04/2018 – CENTENE CONCLUDES EARNINGS CALL; 04/05/2018 – Centene Corp Announces Closing of Offering of Common Stk and Full Exercise of Option; 02/04/2018 – CENTENE SAYS EXPECTS ONE OF UNDERTAKINGS TO INCLUDE A $340 MLN CONTRIBUTION BY CO TO STATE OF NEW YORK TO BE PAID OVER A 5-YR PERIOD – SEC FILING; 24/04/2018 – CENTENE CORP CNC.N FY2018 SHR VIEW $7.14, REV VIEW $59.94 BLN — THOMSON REUTERS l/B/E/S
Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 107 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, May 3 by RBC Capital Markets. The firm earned “Outperform” rating on Wednesday, October 24 by Credit Suisse. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Deutsche Bank on Thursday, July 12. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, October 11 report. The stock of 3M Company (NYSE:MMM) earned “Underperform” rating by RBC Capital Markets on Friday, July 24. Bank of America maintained the stock with “Buy” rating in Tuesday, June 6 report. The firm has “Buy” rating by Jefferies given on Tuesday, April 24. RBC Capital Markets upgraded 3M Company (NYSE:MMM) rating on Wednesday, December 7. RBC Capital Markets has “Sector Perform” rating and $171 target. The rating was maintained by Credit Suisse with “Buy” on Friday, April 28. The stock has “Hold” rating by RBC Capital Markets on Thursday, January 25.
Investors sentiment increased to 1.03 in 2018 Q3. Its up 0.06, from 0.97 in 2018Q2. It improved, as 47 investors sold MMM shares while 535 reduced holdings. 117 funds opened positions while 480 raised stakes. 371.40 million shares or 0.76% less from 374.25 million shares in 2018Q2 were reported. The Kentucky-based Cullinan Assoc has invested 0.83% in 3M Company (NYSE:MMM). Davis stated it has 1,300 shares. Brighton Jones Ltd Com has 8,135 shares. Barrett Asset Management Ltd Liability Corp invested in 160,863 shares. Synovus Fincl has invested 0.14% in 3M Company (NYSE:MMM). Cabot holds 1,350 shares. Avalon Advsrs Ltd Liability Com has invested 0.01% in 3M Company (NYSE:MMM). Eagle Asset Management reported 0.44% stake. 17,112 are held by South Texas Money Mgmt. Security Trust Co stated it has 1.91% of its portfolio in 3M Company (NYSE:MMM). Mathes Com accumulated 13,288 shares. 26,436 were accumulated by Monarch Cap Mgmt. Ledyard Bank has invested 0.38% in 3M Company (NYSE:MMM). Forbes J M Com Llp has invested 0.13% in 3M Company (NYSE:MMM). Cap Counsel Ltd Llc New York has invested 0.39% in 3M Company (NYSE:MMM).
Since September 10, 2018, it had 1 buy, and 1 insider sale for $90,252 activity. 1,000 3M Company (NYSE:MMM) shares with value of $184,500 were bought by PAGE GREGORY R.
More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M: Time To Buy The Dip Of This Dividend King With Dividend Increase Expected This Month – Seeking Alpha” on January 02, 2019, also Seekingalpha.com with their article: “Long list of names seen hiking dividends next week – Seeking Alpha” published on January 18, 2019, Seekingalpha.com published: “How Safe Is 3M’s Dividend? – Seeking Alpha” on January 04, 2019. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M Company: 2019 To Be A Likely Dissappointment – Seeking Alpha” published on January 20, 2019 as well as Fool.com‘s news article titled: “Forget 3M: GE Is a Better-Value Stock – The Motley Fool” with publication date: December 28, 2018.
Analysts await 3M Company (NYSE:MMM) to report earnings on January, 29 before the open. They expect $2.28 EPS, up 8.57% or $0.18 from last year’s $2.1 per share. MMM’s profit will be $1.33B for 21.48 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.
Inverness Counsel Llc, which manages about $2.49B and $1.90B US Long portfolio, upped its stake in Western Alliance Bancorp (NYSE:WAL) by 102,725 shares to 675,322 shares, valued at $38.42M in 2018Q3, according to the filing. It also increased its holding in Xcel Energy Inc (NYSE:XEL) by 22,696 shares in the quarter, for a total of 314,446 shares, and has risen its stake in Idexx Laboratories Inc (NASDAQ:IDXX).
Since July 26, 2018, it had 0 buys, and 9 sales for $7.77 million activity. Another trade for 5,000 shares valued at $659,500 was sold by Hunter Jesse N. 2,540 Centene Corporation (NYSE:CNC) shares with value of $308,000 were sold by BROOKS MARK J. On Friday, September 28 the insider Williamson Keith H sold $290,000. 15,000 shares were sold by DITMORE ROBERT K, worth $1.94M on Thursday, October 25. Schwaneke Jeffrey A. sold 4,000 shares worth $500,000. $395,700 worth of Centene Corporation (NYSE:CNC) shares were sold by BURKHALTER BRANDY.
Analysts await Centene Corporation (NYSE:CNC) to report earnings on February, 5. They expect $1.33 EPS, up 37.11% or $0.36 from last year’s $0.97 per share. CNC’s profit will be $274.22 million for 23.80 P/E if the $1.33 EPS becomes a reality. After $1.79 actual EPS reported by Centene Corporation for the previous quarter, Wall Street now forecasts -25.70% negative EPS growth.
Among 23 analysts covering Centene Corporation (NYSE:CNC), 20 have Buy rating, 0 Sell and 3 Hold. Therefore 87% are positive. Centene Corporation had 79 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Monday, June 20. The stock of Centene Corporation (NYSE:CNC) earned “Outperform” rating by Cowen & Co on Monday, April 25. Oppenheimer maintained the shares of CNC in report on Wednesday, October 25 with “Outperform” rating. Cantor Fitzgerald maintained it with “Buy” rating and $107.0 target in Tuesday, September 12 report. The firm has “Buy” rating given on Tuesday, February 6 by Jefferies. Cantor Fitzgerald maintained Centene Corporation (NYSE:CNC) rating on Thursday, March 15. Cantor Fitzgerald has “Buy” rating and $125.0 target. Citigroup maintained the shares of CNC in report on Wednesday, July 26 with “Sell” rating. The stock of Centene Corporation (NYSE:CNC) earned “Overweight” rating by Piper Jaffray on Wednesday, January 4. The stock has “Buy” rating by Cantor Fitzgerald on Tuesday, May 8. On Monday, December 17 the stock rating was maintained by Cantor Fitzgerald with “Overweight”.
Investors sentiment decreased to 0.89 in 2018 Q3. Its down 0.62, from 1.51 in 2018Q2. It dropped, as 36 investors sold CNC shares while 235 reduced holdings. 88 funds opened positions while 153 raised stakes. 174.76 million shares or 0.93% less from 176.39 million shares in 2018Q2 were reported. Geode Mgmt Limited accumulated 2.71 million shares. Parkside Fincl Bank stated it has 0.54% in Centene Corporation (NYSE:CNC). Clarivest Asset Mngmt Lc stated it has 0.59% in Centene Corporation (NYSE:CNC). Massachusetts-based Dakota Wealth Management has invested 0.1% in Centene Corporation (NYSE:CNC). 272,037 were accumulated by State Board Of Administration Of Florida Retirement Systems. Raymond James Na holds 1,940 shares. Moreover, Bridgeway Management has 0.06% invested in Centene Corporation (NYSE:CNC) for 44,300 shares. Gateway Inv Advisers Ltd Com holds 0.01% or 10,341 shares in its portfolio. Weiss Multi invested in 20,070 shares. Natl Pension Service holds 218,204 shares or 0.13% of its portfolio. Rmb Capital Mgmt Limited Liability Corporation has invested 0.01% in Centene Corporation (NYSE:CNC). Janney Montgomery Scott invested in 0.01% or 6,090 shares. Commerzbank Aktiengesellschaft Fi owns 7,344 shares. Advisor Prtn Limited reported 0.13% of its portfolio in Centene Corporation (NYSE:CNC). Moreover, Sei Invests has 0.07% invested in Centene Corporation (NYSE:CNC) for 136,207 shares.