3M Co (MMM) Valuation Rose While Bristol John W & Company Has Cut Position; Verizon Communications (VZ) Holder Capital Wealth Planning Has Boosted Its Position

December 17, 2017 - By Vivian Park

Capital Wealth Planning Llc increased its stake in Verizon Communications (VZ) by 48.68% based on its latest 2017Q2 regulatory filing with the SEC. Capital Wealth Planning Llc bought 8,668 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 26,473 shares of the telecommunications equipment company at the end of 2017Q2, valued at $1.18 million, up from 17,805 at the end of the previous reported quarter. Capital Wealth Planning Llc who had been investing in Verizon Communications for a number of months, seems to be bullish on the $214.86B market cap company. The stock increased 0.63% or $0.33 during the last trading session, reaching $52.67. About 28.94 million shares traded or 71.67% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since December 17, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Bristol John W & Company Inc decreased its stake in 3M Co (MMM) by 11.33% based on its latest 2017Q2 regulatory filing with the SEC. Bristol John W & Company Inc sold 46,408 shares as the company’s stock rose 7.02% with the market. The institutional investor held 363,183 shares of the medical and dental instruments company at the end of 2017Q2, valued at $75.61 million, down from 409,591 at the end of the previous reported quarter. Bristol John W & Company Inc who had been investing in 3M Co for a number of months, seems to be less bullish one the $141.76 billion market cap company. The stock decreased 0.03% or $0.08 during the last trading session, reaching $238. About 4.52 million shares traded or 139.94% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since December 17, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Since August 11, 2017, it had 0 insider purchases, and 8 selling transactions for $5.40 million activity. Lindekugel Jon T also sold $92,023 worth of 3M Company (NYSE:MMM) on Tuesday, October 31. The insider Little Frank R Jr. sold $560,200. 4,965 shares valued at $1.02 million were sold by Keel Paul A on Friday, August 11. THULIN INGE G had sold 6,823 shares worth $1.59M on Friday, October 27. The insider Fong Ivan K sold 2,348 shares worth $547,377. On Friday, October 27 Gangestad Nicholas C sold $936,291 worth of 3M Company (NYSE:MMM) or 4,004 shares.

Investors sentiment increased to 0.91 in 2017 Q2. 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. Chesapeake Asset reported 2,069 shares stake. Conestoga Advisors Limited Liability Company accumulated 3,194 shares. Northern Corp holds 0.49% or 8.37 million shares. 687,532 were reported by Coho. Kelly Lawrence W & Ca owns 10,822 shares for 0.45% of their portfolio. Decatur Cap Mngmt, Georgia-based fund reported 48,025 shares. 75,445 are owned by Peapack Gladstone. Moreover, Davidson Investment Advsrs has 0.87% invested in 3M Company (NYSE:MMM). Motley Fool Wealth Management Limited Liability Corp has invested 0.05% in 3M Company (NYSE:MMM). Genesee Valley Trust has 0.69% invested in 3M Company (NYSE:MMM). Fincl Bank Of Nova Scotia Tru Com owns 1.03% invested in 3M Company (NYSE:MMM) for 43,301 shares. 3,069 were reported by Moller Fincl. 116,977 are held by Everett Harris Company Ca. The Louisiana-based Iberiabank Corporation has invested 0.85% in 3M Company (NYSE:MMM). Portfolio Solutions Ltd Liability Company holds 1,095 shares.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.00 EPS, up 6.38% or $0.12 from last year’s $1.88 per share. MMM’s profit will be $1.19B for 29.75 P/E if the $2.00 EPS becomes a reality. After $2.33 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -14.16% negative EPS growth.

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 69 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, November 21 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Hold” rating given on Wednesday, October 25 by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, October 25 by Stifel Nicolaus. The rating was maintained by Jefferies with “Buy” on Tuesday, September 26. Citigroup maintained it with “Buy” rating and $228 target in Wednesday, July 26 report. Barclays Capital upgraded 3M Company (NYSE:MMM) rating on Monday, October 24. Barclays Capital has “Overweight” rating and $194 target. The rating was maintained by RBC Capital Markets with “Hold” on Friday, September 15. The rating was maintained by RBC Capital Markets on Friday, July 24 with “Underperform”. The firm earned “Buy” rating on Monday, October 9 by Citigroup. The firm earned “Outperform” rating on Wednesday, October 25 by Credit Suisse.

Since August 28, 2017, it had 0 insider purchases, and 3 sales for $89,365 activity.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. had 62 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, January 25, the company rating was downgraded by Raymond James. The rating was maintained by RBC Capital Markets on Sunday, September 17 with “Hold”. The firm has “Mkt Perform” rating given on Wednesday, January 25 by FBR Capital. The stock has “Perform” rating by Oppenheimer on Wednesday, July 20. Hilliard Lyons downgraded the shares of VZ in report on Wednesday, July 27 to “Neutral” rating. Barclays Capital maintained the shares of VZ in report on Monday, April 18 with “Equal-Weight” rating. The rating was downgraded by Vetr to “Buy” on Tuesday, August 11. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Monday, March 14 by Citigroup. The firm has “Sector Perform” rating given on Monday, July 31 by RBC Capital Markets. The stock has “Buy” rating by Bank of America on Friday, October 20.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It dived, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Lourd Capital Lc holds 9,929 shares or 0.04% of its portfolio. Ameritas Inv Inc reported 194,347 shares. Sterling Capital Mngmt Limited Com has 0.86% invested in Verizon Communications Inc. (NYSE:VZ) for 2.01 million shares. Kornitzer Capital Ks reported 995,245 shares. Willis Invest Counsel accumulated 328,310 shares. Homrich And Berg has 0.18% invested in Verizon Communications Inc. (NYSE:VZ) for 46,965 shares. F&V Cap Mngmt Lc stated it has 4.18% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Jp Marvel Investment Advsrs Ltd Liability Corp holds 10,000 shares. Rowland Communication Inv Counsel Adv stated it has 6,919 shares or 0% of all its holdings. Waters Parkerson & Co Ltd Liability Co, Louisiana-based fund reported 326,251 shares. Gareth Morgan Invs Ltd Partnership stated it has 0.43% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Zevenbergen Cap Ltd Liability Corp has 0.03% invested in Verizon Communications Inc. (NYSE:VZ) for 14,105 shares. Thompson Rubinstein Invest Incorporated Or, Oregon-based fund reported 18,437 shares. Tradewinds Ltd Limited Liability Company holds 0.19% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 8,118 shares. Amer Money Mgmt Limited Liability has 0.14% invested in Verizon Communications Inc. (NYSE:VZ).

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