Fulton Bank Increased 3M Co (MMM) Stake by $446,633; Shares Rose; Hengistbury Investment Partners Llp Has Decreased Visa (V) Holding as Share Price Rose

January 21, 2018 - By Stephen Andrade

Fulton Bank increased its stake in 3M Co (MMM) by 13.3% based on its latest 2017Q3 regulatory filing with the SEC. Fulton Bank bought 2,137 shares as the company’s stock rose 7.02% with the market. The institutional investor held 18,207 shares of the medical and dental instruments company at the end of 2017Q3, valued at $3.82 million, up from 16,070 at the end of the previous reported quarter. Fulton Bank who had been investing in 3M Co for a number of months, seems to be bullish on the $147.82 billion market cap company. The stock increased 0.92% or $2.27 during the last trading session, reaching $248.18. About 2.01 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since January 21, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Stuart Powers decreased its stake in Visa Inc (V) by 0.41% based on its latest 2017Q3 regulatory filing with the SEC. Hengistbury Investment Partners Llp sold 9,600 shares as the company’s stock rose 5.74% with the market. The hedge fund run by Stuart Powers held 2.33M shares of the business services company at the end of 2017Q3, valued at $244.92M, down from 2.34M at the end of the previous reported quarter. Hengistbury Investment Partners Llp who had been investing in Visa Inc for a number of months, seems to be less bullish one the $278.06 billion market cap company. The stock decreased 0.33% or $0.41 during the last trading session, reaching $122.7. About 8.25 million shares traded or 7.19% up from the average. Visa Inc. (NYSE:V) has risen 20.29% since January 21, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Since August 11, 2017, it had 0 buys, and 8 selling transactions for $5.40 million activity. Keel Paul A had sold 4,965 shares worth $1.02M on Friday, August 11. Lindekugel Jon T had sold 400 shares worth $92,023 on Tuesday, October 31. Little Frank R Jr. also sold $351,708 worth of 3M Company (NYSE:MMM) shares. Another trade for 1,428 shares valued at $295,106 was made by Hammes Eric D. on Thursday, August 17. 6,823 shares were sold by THULIN INGE G, worth $1.59M. $936,291 worth of 3M Company (NYSE:MMM) was sold by Gangestad Nicholas C.

Fulton Bank, which manages about $1.34B US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 7,722 shares to 119,040 shares, valued at $9.76M in 2017Q3, according to the filing. It also reduced its holding in Hanesbrands Inc (NYSE:HBI) by 13,892 shares in the quarter, leaving it with 55,123 shares, and cut its stake in Harbor Fd (HAINX).

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It fall, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. Caisse De Depot Et Placement Du Quebec holds 0.86% of its portfolio in 3M Company (NYSE:MMM) for 1.76 million shares. Moreover, Palladium Prtnrs Ltd Limited Liability Company has 0.16% invested in 3M Company (NYSE:MMM) for 9,710 shares. New York-based Gamco Investors Et Al has invested 0.01% in 3M Company (NYSE:MMM). Chemung Canal Tru, a New York-based fund reported 16,679 shares. Perkins Coie Trust holds 30,199 shares. Diversified Tru owns 1,418 shares. Smithfield Tru owns 17,393 shares. Northstar has invested 1.03% in 3M Company (NYSE:MMM). The Massachusetts-based Boston & Management has invested 2.31% in 3M Company (NYSE:MMM). At State Bank invested in 5,405 shares. Arete Wealth Advisors reported 3,469 shares. Fulton Breakefield Broenniman Ltd Liability invested in 10,140 shares. Howland Capital Mgmt Limited Liability Com stated it has 113,021 shares or 1.96% of all its holdings. Fulton Savings Bank Na holds 0.28% in 3M Company (NYSE:MMM) or 18,207 shares. Security Bank Of So Dak holds 0.51% or 2,140 shares.

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, December 7 by RBC Capital Markets. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Friday, April 28 by Credit Suisse. The stock has “Sell” rating by J.P. Morgan on Thursday, January 18. The rating was maintained by Deutsche Bank on Tuesday, August 25 with “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, October 25. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, April 26 report. The firm earned “Buy” rating on Thursday, June 1 by Jefferies. The firm earned “Hold” rating on Tuesday, December 12 by RBC Capital Markets. The stock of 3M Company (NYSE:MMM) has “Outperform” rating given on Wednesday, October 25 by Credit Suisse. The rating was maintained by RBC Capital Markets with “Underperform” on Friday, October 23.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 1. They expect $0.97 earnings per share, up 12.79% or $0.11 from last year’s $0.86 per share. V’s profit will be $2.20B for 31.62 P/E if the $0.97 EPS becomes a reality. After $0.90 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth.

Since August 17, 2017, it had 0 insider purchases, and 3 sales for $7.43 million activity. 49,702 shares valued at $5.65 million were sold by MAHON TULLIER KELLY on Friday, December 15. Shares for $1.07 million were sold by CRANSTON MARY B on Thursday, August 17.

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Thursday, February 11. On Thursday, January 4 the stock rating was maintained by Mizuho with “Buy”. As per Monday, June 6, the company rating was upgraded by JP Morgan. The firm earned “Buy” rating on Monday, September 25 by Robert W. Baird. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, July 20 by RBC Capital Markets. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, June 8. Morgan Stanley maintained it with “Overweight” rating and $126 target in Thursday, October 26 report. The firm has “Buy” rating given on Wednesday, October 11 by Mizuho. The company was maintained on Wednesday, September 6 by Cowen & Co. Compass Point initiated the shares of V in report on Friday, April 15 with “Neutral” rating.

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