3M Company (MMM) Stock Price Rose While Oakbrook Investments LLC Upped Its Holding

3M Company (NYSE:MMM) LogoInvestors sentiment decreased to 0.8 in 2018 Q4. Its down 0.23, from 1.03 in 2018Q3. It turned negative, as 70 investors sold MMM shares while 588 reduced holdings. 122 funds opened positions while 407 raised stakes. 398.67 million shares or 7.34% more from 371.40 million shares in 2018Q3 were reported. Prudential Fincl invested 0.22% of its portfolio in 3M Company (NYSE:MMM). 4,595 were accumulated by Wilbanks Smith Thomas Asset Management Limited Co. Moreover, Alley Com Limited Com has 1.6% invested in 3M Company (NYSE:MMM). Nine Masts Capital Ltd accumulated 0.06% or 1,727 shares. Cadence Capital Management holds 0.51% or 26,588 shares in its portfolio. Zacks Inv Mgmt reported 7,381 shares stake. Parnassus Invs Ca holds 3.52 million shares or 2.92% of its portfolio. Orrstown has invested 1.37% in 3M Company (NYSE:MMM). Moreover, Perkins Coie Co has 2.96% invested in 3M Company (NYSE:MMM) for 29,676 shares. Quantitative Mgmt Ltd Limited Liability Company reported 10,800 shares stake. Smith Chas P And Associate Pa Cpas has invested 1.93% of its portfolio in 3M Company (NYSE:MMM). Northwestern Mutual Wealth reported 0.08% of its portfolio in 3M Company (NYSE:MMM). Confluence Wealth Ltd Llc invested 0.19% in 3M Company (NYSE:MMM). Osborne Prns Capital Mngmt Ltd Liability has 2,250 shares. Banque Pictet And Cie Sa holds 3.26% or 838,493 shares in its portfolio.

Since January 30, 2019, it had 0 insider buys, and 10 selling transactions for $17.44 million activity. Keel Paul A also sold $1.87M worth of 3M Company (NYSE:MMM) on Friday, February 8. $1.77 million worth of 3M Company (NYSE:MMM) was sold by Vale Michael G. on Thursday, February 7. Gangestad Nicholas C sold $942,450 worth of stock or 4,681 shares. Shares for $1.63 million were sold by Vrohidis Ippocratis. Bushman Julie L also sold $841,392 worth of 3M Company (NYSE:MMM) shares. Bauman James L sold $3.22 million worth of stock.

Oakbrook Investments Llc increased its stake in 3M Company (MMM) by 26.91% based on its latest 2018Q4 regulatory filing with the SEC. Oakbrook Investments Llc bought 33,685 shares as the company’s stock rose 1.23% with the market. The institutional investor held 158,879 shares of the medical and dental instruments company at the end of 2018Q4, valued at $30.27 million, up from 125,194 at the end of the previous reported quarter. Oakbrook Investments Llc who had been investing in 3M Company for a number of months, seems to be bullish on the $103.18B market cap company. The stock decreased 0.07% or $0.12 during the last trading session, reaching $179. About 1.71 million shares traded. 3M Company (NYSE:MMM) has declined 10.58% since May 8, 2018 and is downtrending. It has underperformed by 14.95% the S&P500.

Oakbrook Investments Llc, which manages about $3.64B and $1.47B US Long portfolio, decreased its stake in Chevron Corporation (NYSE:CVX) by 37,615 shares to 36,339 shares, valued at $3.95M in 2018Q4, according to the filing. It also reduced its holding in Autodesk Inc. (NASDAQ:ADSK) by 24,320 shares in the quarter, leaving it with 233,989 shares, and cut its stake in Verizon Communications Inc. (NYSE:VZ).

More notable recent 3M Company (NYSE:MMM) news were published by: Investorplace.com which released: “Heading Into Earnings, the Glass Is Half-Full for 3M Stock – Investorplace.com” on April 24, 2019, also Fool.com with their article: “Is 3M Stock a Buy? – The Motley Fool” published on April 17, 2019, Seekingalpha.com published: “3M: Lack Of Near-Term Catalysts, Stock Fairly Valued – Seeking Alpha” on May 02, 2019. More interesting news about 3M Company (NYSE:MMM) were released by: 247Wallst.com and their article: “China Trade Stocks Hammered on Trade Talk Woes – 24/7 Wall St.” published on May 06, 2019 as well as Investorplace.com‘s news article titled: “3M Earnings: MMM Stock Tumbles on Big Q1 Miss, Outlook – Investorplace.com” with publication date: April 25, 2019.

3M Company (NYSE:MMM) Ratings Coverage

Among 3 analysts covering 3M (NYSE:MMM), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. 3M had 9 analyst reports since November 16, 2018 according to SRatingsIntel. Barclays Capital maintained it with “Underweight” rating and $189 target in Thursday, January 3 report. On Friday, November 16 the stock rating was maintained by Deutsche Bank with “Hold”. Morgan Stanley maintained 3M Company (NYSE:MMM) on Friday, March 22 with “Equal-Weight” rating. On Monday, November 19 the stock rating was maintained by Barclays Capital with “Underweight”. The firm has “Underweight” rating by Barclays Capital given on Wednesday, April 3. On Monday, March 25 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of 3M Company (NYSE:MMM) has “Hold” rating given on Friday, April 26 by Deutsche Bank.

3M Company (NYSE:MMM) Institutional Positions Chart

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