Cadinha & Co Stake In 3M Co (MMM) Was Has Lifted; As Mar (MAR) Share Price Declined, Fulton Breakefield Broenniman Cut Position by $1.79 Million

3M Company (NYSE:MMM) Logo

Cadinha & Co Llc increased its stake in 3M Co (MMM) by 1063.13% based on its latest 2018Q3 regulatory filing with the SEC. Cadinha & Co Llc bought 67,934 shares as the company’s stock declined 6.86% with the market. The institutional investor held 74,324 shares of the medical and dental instruments company at the end of 2018Q3, valued at $15.66 million, up from 6,390 at the end of the previous reported quarter. Cadinha & Co Llc who had been investing in 3M Co for a number of months, seems to be bullish on the $120.76B market cap company. The stock increased 1.52% or $3.15 during the last trading session, reaching $209.72. About 2.97M shares traded or 21.49% up from the average. 3M Company (NYSE:MMM) has declined 17.47% since February 14, 2018 and is downtrending. It has underperformed by 17.47% the S&P500. Some Historical MMM News: 11/04/2018 – The Sky’s the Limit in 3M Disruptive Design Challenge; 24/04/2018 – 3M sinks 8%, eyes biggest drop since 2006; 16/05/2018 – Universal Laser Systems Adds More 3M Materials to Its Database; 09/05/2018 – 3M: HLDRS REJECT PROPOSAL ON SETTING TARGET AMOUNTS ON CEO PAY; 02/04/2018 – Propeller Health Publishes Results From a Large Public Health Study on Asthma; Successfully Reduces the Burden of Asthma in Louisville; 11/04/2018 – UK FEB GOODS EXPORT VOLUMES -1.6 PCT 3M/3M, IMPORT VOLUMES -1.1 PCT 3M/3M; 20/03/2018 – MN House of Reps: Bipartisan bill would use 3M settlement dollars to test private wells; 01/05/2018 – LAUNCH: ANZ BANK NEW 5-YR BENCHMARK DEAL AT 3M BBSW +93BP AREA; 24/04/2018 – 3M SEES FY 2018 ADJ. EPS $10.20 TO $10.55/SHR, EST. $10.53; 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

Fulton Breakefield Broenniman Llc decreased its stake in Mar (MAR) by 38.54% based on its latest 2018Q3 regulatory filing with the SEC. Fulton Breakefield Broenniman Llc sold 13,539 shares as the company’s stock declined 13.21% with the market. The institutional investor held 21,595 shares of the hotels and resorts company at the end of 2018Q3, valued at $2.85M, down from 35,134 at the end of the previous reported quarter. Fulton Breakefield Broenniman Llc who had been investing in Mar for a number of months, seems to be less bullish one the $40.55 billion market cap company. The stock increased 3.59% or $4.12 during the last trading session, reaching $118.86. About 2.30M shares traded or 10.66% up from the average. Marriott International, Inc. (NASDAQ:MAR) has declined 13.33% since February 14, 2018 and is downtrending. It has underperformed by 13.33% the S&P500. Some Historical MAR News: 12/03/2018 – Speaking of Dividends: The Marriott Trade-Off — Barron’s; 08/05/2018 – Marriott Sees FY EPS $5.43-EPS $5.55; 17/04/2018 – For Marriott’s Hotel Rewards Members, the Wait Is Finally Over; 03/05/2018 – Boyd & Blair Potato Vodka Named to Full-Service Beverage Programs for Marriott Hotels; 26/04/2018 – Marriott International Launches Global Customer Recognition Platform Powered by Salesforce, Providing Personalization at Scale Across All Consumer Touchpoints; 08/05/2018 – MARRIOTT – FOR FULL YEAR 2018, EXPECTS COMPARABLE SYSTEMWIDE REVPAR ON A CONSTANT DOLLAR BASIS WILL INCREASE 3 TO 4 PERCENT WORLDWIDE; 05/04/2018 – Marriott International Volume Rises More Than Triple Average; 03/04/2018 – The Ritz-Carlton Leadership Center To Hold Customer Experience Symposium; 16/04/2018 – American Express, Marriott Unveil ‘New and Refreshed’ Starwood Preferred Guest Co-Branded Credit Cards; 04/05/2018 – JW MARRIOTT HOTELS & RESORTS – TO OPEN JW MARRIOTT MALDIVES RESORT & SPA IN MALDIVES IN SECOND HALF OF 2018

Cadinha & Co Llc, which manages about $952.64 million and $632.42M US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 7,750 shares to 27,472 shares, valued at $2.34M in 2018Q3, according to the filing. It also reduced its holding in Ishares S&P 500 Index (IVV) by 1,305 shares in the quarter, leaving it with 58,359 shares, and cut its stake in Amazon.Com Inc (NASDAQ:AMZN).

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M Company: 2019 To Be A Likely Dissappointment – Seeking Alpha” on January 20, 2019, also Seekingalpha.com with their article: “The Durability Of Innovation At 3M – Seeking Alpha” published on January 16, 2019, Seekingalpha.com published: “3M Q4 2018 Earnings Preview – Seeking Alpha” on January 28, 2019. More interesting news about 3M Company (NYSE:MMM) were released by: 247Wallst.com and their article: “Earnings Preview: How 3M Could Rock the Dow – 24/7 Wall St.” published on January 28, 2019 as well as Seekingalpha.com‘s news article titled: “3M +2.2% after Q4 beat, trimming guidance – Seeking Alpha” with publication date: January 29, 2019.

Since September 10, 2018, it had 1 buy, and 11 sales for $17.53 million activity. Lindekugel Jon T also sold $1.19 million worth of 3M Company (NYSE:MMM) shares. Bauman James L sold $3.22M worth of stock. Vrohidis Ippocratis also sold $1.63M worth of 3M Company (NYSE:MMM) on Thursday, February 7. Gangestad Nicholas C sold $942,450 worth of stock. The insider Vale Michael G. sold 8,906 shares worth $1.77M. 1,272 shares were sold by Hammes Eric D., worth $274,752 on Monday, September 10.

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. As per Monday, November 21, the company rating was downgraded by Goldman Sachs. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, December 14. The stock has “Buy” rating by Jefferies on Thursday, July 13. As per Wednesday, October 25, the company rating was maintained by Stifel Nicolaus. Citigroup maintained 3M Company (NYSE:MMM) rating on Wednesday, October 25. Citigroup has “Buy” rating and $262 target. As per Thursday, January 25, the company rating was maintained by RBC Capital Markets. UBS maintained 3M Company (NYSE:MMM) rating on Wednesday, March 30. UBS has “Buy” rating and $190 target. The rating was maintained by Citigroup on Wednesday, July 26 with “Buy”. The firm earned “Buy” rating on Monday, August 14 by Jefferies. On Friday, April 28 the stock rating was maintained by Credit Suisse with “Buy”.

Investors sentiment increased to 1.03 in Q3 2018. Its up 0.06, from 0.97 in 2018Q2. It increased, 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. Cap Investors owns 0.09% invested in 3M Company (NYSE:MMM) for 1.52M shares. Van Cleef Asset Managementinc holds 0.06% or 1,180 shares in its portfolio. Cabot invested 0.18% in 3M Company (NYSE:MMM). Argent Tru invested in 1.96% or 80,985 shares. Delta Asset Mngmt Ltd Tn reported 158,573 shares or 4.45% of all its holdings. Ww Asset Management accumulated 41,804 shares. Bryn Mawr Tru Communications holds 99,829 shares. Banque Pictet Cie Sa, a Switzerland-based fund reported 726,553 shares. Campbell Newman Asset Mngmt Inc has 2,300 shares for 0.07% of their portfolio. Keystone Planning holds 1,673 shares or 0.18% of its portfolio. Fjarde Ap accumulated 160,051 shares. 33,090 were accumulated by Douglass Winthrop Lc. Moreover, Clarkston Prns has 0.3% invested in 3M Company (NYSE:MMM) for 38,612 shares. Parkside Bancorporation And Trust holds 6,677 shares. Grandfield And Dodd Limited Co holds 0.38% or 17,440 shares in its portfolio.

Fulton Breakefield Broenniman Llc, which manages about $764.48M and $642.67 million US Long portfolio, upped its stake in Ivv (IVV) by 4,318 shares to 28,237 shares, valued at $8.27 million in 2018Q3, according to the filing.

More notable recent Marriott International, Inc. (NASDAQ:MAR) news were published by: Nasdaq.com which released: “4 Defensive Funds to Counter Market Uncertainties – Nasdaq” on February 13, 2019, also Nasdaq.com with their article: “Weak Bond Issuance Backdrop to Mar Moody’s (MCO) Q4 Earnings – Nasdaq” published on February 14, 2019, Nasdaq.com published: “Noteworthy Friday Option Activity: NOV, MAR, SYMC – Nasdaq” on February 01, 2019. More interesting news about Marriott International, Inc. (NASDAQ:MAR) were released by: Nasdaq.com and their article: “Mitsubishi UFJ’s (MUFG) Q3 Earnings Report Shows Improvement – Nasdaq” published on February 05, 2019 as well as Nasdaq.com‘s news article titled: “3 Hotel Stocks That Allow Investors to Rest Comfortably – Nasdaq” with publication date: February 05, 2019.

Among 24 analysts covering Marriott International (NASDAQ:MAR), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Marriott International had 79 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, September 26 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Outperform” rating on Wednesday, August 30 by Wolfe Research. The stock has “Buy” rating by Canaccord Genuity on Wednesday, March 23. M Partners upgraded the shares of MAR in report on Monday, December 5 to “Buy” rating. On Friday, September 22 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was maintained on Tuesday, August 8 by Robert W. Baird. The firm has “Buy” rating by Berenberg given on Tuesday, December 8. The stock of Marriott International, Inc. (NASDAQ:MAR) has “Neutral” rating given on Wednesday, December 12 by Citigroup. The stock has “Hold” rating by Evercore on Monday, November 28. SunTrust maintained it with “Hold” rating and $128.0 target in Friday, February 16 report.

Investors sentiment decreased to 0.72 in 2018 Q3. Its down 0.30, from 1.02 in 2018Q2. It turned negative, as 63 investors sold MAR shares while 260 reduced holdings. 64 funds opened positions while 170 raised stakes. 209.52 million shares or 1.19% more from 207.07 million shares in 2018Q2 were reported. Thompson Siegel And Walmsley Ltd Liability Corp holds 0% or 706 shares in its portfolio. State Of Tennessee Treasury Department reported 91,581 shares. Cleararc Capital stated it has 7,481 shares. Bb&T holds 8,517 shares or 0.02% of its portfolio. Guggenheim Capital owns 148,932 shares. Sol Capital Management Communications holds 0.07% in Marriott International, Inc. (NASDAQ:MAR) or 1,850 shares. Ubs Asset Americas holds 0% or 1.05M shares. Castleark Management Ltd Company holds 0.01% or 1,930 shares. Cetera Advsr Limited Liability Corp holds 2,890 shares. Prudential Public Limited Com accumulated 2,048 shares or 0% of the stock. Canada Pension Plan Invest Board has invested 0.09% in Marriott International, Inc. (NASDAQ:MAR). Jennison Assocs Ltd Liability Corporation has invested 1.32% in Marriott International, Inc. (NASDAQ:MAR). Edgestream LP has invested 0.54% in Marriott International, Inc. (NASDAQ:MAR). Mutual Of America Management Limited Liability Co, New York-based fund reported 41,852 shares. The France-based Fund Mngmt Sa has invested 0.03% in Marriott International, Inc. (NASDAQ:MAR).

3M Company (NYSE:MMM) Institutional Positions Chart