Hightower Advisors LLC Stake In 3M Co (MMM) Was Raised

December 7, 2017 - By Vivian Park

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.10, from 0.81 in 2017Q1. It increased, as 45 investors sold MMM shares while 589 reduced holdings. 131 funds opened positions while 449 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. Wellington Shields & Company Limited Liability owns 5,447 shares. Biondo Limited Liability Corporation holds 1.39% or 22,987 shares in its portfolio. 1.00M were reported by New York State Teachers Retirement Sys. First Foundation invested in 0.05% or 4,146 shares. Peregrine Asset Advisers holds 1,896 shares or 0.25% of its portfolio. Archford Strategies Limited Liability Corp holds 0.06% or 531 shares. Massachusetts-based Amer Inv Svcs has invested 0.09% in 3M Company (NYSE:MMM). Credit Suisse Ag accumulated 0.26% or 1.27M shares. American & Mngmt accumulated 935 shares. L S Advsrs has invested 1.17% in 3M Company (NYSE:MMM). Bkd Wealth Ltd Limited Liability Company holds 0.42% of its portfolio in 3M Company (NYSE:MMM) for 17,951 shares. Sigma Invest Counselors reported 0.68% in 3M Company (NYSE:MMM). Cape Ann Bancorp holds 2.3% of its portfolio in 3M Company (NYSE:MMM) for 8,335 shares. Advisors Asset Mngmt reported 52,376 shares. First Republic Inv Mgmt stated it has 0.68% of its portfolio in 3M Company (NYSE:MMM).

Hightower Advisors Llc increased its stake in 3M Co (MMM) by 27472.75% based on its latest 2017Q2 regulatory filing with the SEC. Hightower Advisors Llc bought 219,782 shares as the company’s stock rose 7.02% with the market. The institutional investor held 220,582 shares of the medical and dental instruments company at the end of 2017Q2, valued at $45.87 million, up from 800 at the end of the previous reported quarter. Hightower Advisors Llc who had been investing in 3M Co for a number of months, seems to be bullish on the $143.13B market cap company. The stock increased 0.68% or $1.63 during the last trading session, reaching $240.3. About 1.37M shares traded. 3M Company (NYSE:MMM) has risen 18.59% since December 7, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Hightower Advisors Llc, which manages about $15.08 billion and $11.55B US Long portfolio, decreased its stake in Pfizer Inc (NYSE:PFE) by 151,900 shares to 2.27 million shares, valued at $76.33M in 2017Q2, according to the filing. It also reduced its holding in Sears Hldgs Corp (NASDAQ:SHLD) by 608,390 shares in the quarter, leaving it with 710 shares, and cut its stake in Cognizant Technology Solutio (NASDAQ:CTSH).

More notable recent 3M Company (NYSE:MMM) news were published by: Streetinsider.com which released: “3M Co. (MMM) Reports Patent Infringement Lawsuit to Protect Dental Restorative …” on December 04, 2017, also Bizjournals.com with their article: “Drucker Institute ranks 3M among best-managed US companies (Slideshow)” published on December 07, 2017, Bloomberg.com published: “3M Faces New Cancer Claims in Minnesota’s $5 Billion Lawsuit” on November 20, 2017. More interesting news about 3M Company (NYSE:MMM) were released by: Startribune.com and their article: “3M sues Kerr Corp. alleging dental-patent infringement” published on December 04, 2017 as well as Startribune.com‘s news article titled: “3M gives $8 million more to University of Minnesota Driven Campaign” with publication date: December 05, 2017.

3M Company (NYSE:MMM) Ratings Coverage

Among 14 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. 3M had 65 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) has “Outperform” rating given on Friday, September 25 by Credit Suisse. RBC Capital Markets maintained it with “Hold” rating and $205.0 target in Wednesday, October 11 report. The stock of 3M Company (NYSE:MMM) has “Underperform” rating given on Wednesday, December 16 by RBC Capital Markets. RBC Capital Markets upgraded 3M Company (NYSE:MMM) on Wednesday, December 7 to “Sector Perform” rating. On Wednesday, March 30 the stock rating was maintained by Bernstein with “Market Perform”. The company was maintained on Monday, July 10 by RBC Capital Markets. UBS maintained 3M Company (NYSE:MMM) rating on Wednesday, March 30. UBS has “Buy” rating and $190 target. The company was maintained on Wednesday, December 14 by Stifel Nicolaus. Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating on Wednesday, July 19. Stifel Nicolaus has “Hold” rating and $20200 target. The firm earned “Buy” rating on Thursday, June 1 by Jefferies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.