Norinchukin Bank The Has Cut 3M Co (MMM) Position By $4.72 Million; Rock Springs Capital Management LP Decreased Bristol Myers Squibb Co (BMY) Stake

November 14, 2017 - By Marie Mckinney

Norinchukin Bank The decreased 3M Co (MMM) stake by 7.55% reported in 2017Q2 SEC filing. Norinchukin Bank The sold 22,670 shares as 3M Co (MMM)’s stock rose 7.02%. The Norinchukin Bank The holds 277,754 shares with $57.83M value, down from 300,424 last quarter. 3M Co now has $136.60B valuation. The stock rose 0.49% or $1.12 reaching $229.34. About 789,546 shares traded. 3M Co (NYSE:MMM) has risen 18.59% since November 14, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Rock Springs Capital Management Lp decreased Bristol Myers Squibb Co (BMY) stake by 88.95% reported in 2017Q2 SEC filing. Rock Springs Capital Management Lp sold 402,600 shares as Bristol Myers Squibb Co (BMY)’s stock declined 1.04%. The Rock Springs Capital Management Lp holds 50,000 shares with $2.79M value, down from 452,600 last quarter. Bristol Myers Squibb Co now has $100.36 billion valuation. The stock rose 0.54% or $0.33 reaching $61.32. About 2.59M shares traded. Bristol-Myers Squibb Co (NYSE:BMY) has declined 23.19% since November 14, 2016 and is downtrending. It has underperformed by 39.89% the S&P500.

Norinchukin Bank The increased Davita Inc (NYSE:DVA) stake by 25,138 shares to 35,254 valued at $2.28 million in 2017Q2. It also upped Dow Chemco (NYSE:DOW) stake by 5,209 shares and now owns 138,722 shares. Abbvie Inc (NYSE:ABBV) was raised too.

Analysts await 3M Co (NYSE:MMM) to report earnings on January, 23. They expect $2.00 earnings per share, up 6.38% or $0.12 from last year’s $1.88 per share. MMM’s profit will be $1.19B for 28.67 P/E if the $2.00 EPS becomes a reality. After $2.33 actual earnings per share reported by 3M Co for the previous quarter, Wall Street now forecasts -14.16% negative EPS growth.

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. Zwj Inv Counsel has invested 0.25% of its portfolio in 3M Co (NYSE:MMM). Baldwin Invest Limited Liability holds 0.46% or 5,541 shares in its portfolio. First Allied Advisory accumulated 0.38% or 40,720 shares. Cornerstone Advsr Inc, a Alabama-based fund reported 21,000 shares. Lakeview Prtn Lc has 2,296 shares. Investors Asset Mgmt Of Georgia Ga Adv owns 1,822 shares. Jarislowsky Fraser Limited stated it has 0.98% in 3M Co (NYSE:MMM). Moreover, Philadelphia has 0.16% invested in 3M Co (NYSE:MMM). Telos Management holds 0.23% of its portfolio in 3M Co (NYSE:MMM) for 2,775 shares. Spectrum Mngmt Group Inc holds 0.9% in 3M Co (NYSE:MMM) or 11,510 shares. 17,326 were reported by Punch And Associate Invest Inc. Commonwealth Natl Bank Of Australia reported 77,427 shares. Pub Sector Pension Inv Board invested in 0.12% or 68,148 shares. Kbc Grp Nv stated it has 0.19% in 3M Co (NYSE:MMM). Baker Ellis Asset Ltd Liability Co has invested 0.31% in 3M Co (NYSE:MMM).

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 company was upgraded on Wednesday, December 7 by RBC Capital Markets. RBC Capital Markets maintained it with “Underperform” rating and $155 target in Wednesday, October 26 report. The firm has “Hold” rating given on Wednesday, April 26 by Stifel Nicolaus. Barclays Capital maintained the shares of MMM in report on Monday, October 5 with “Equal-Weight” rating. The company was upgraded on Monday, October 24 by Barclays Capital. The stock of 3M Co (NYSE:MMM) earned “Underweight” rating by JP Morgan on Wednesday, September 20. Citigroup maintained the stock with “Buy” rating in Wednesday, July 26 report. Bank of America maintained the stock with “Buy” rating in Tuesday, June 6 report. The firm has “Underweight” rating by Morgan Stanley given on Monday, October 2. The company was maintained on Wednesday, March 30 by Morgan Stanley.

Rock Springs Capital Management Lp increased Tesaro Inc (NASDAQ:TSRO) stake by 15,600 shares to 490,500 valued at $68.60M in 2017Q2. It also upped Acadia Healthcare Company In (NASDAQ:ACHC) stake by 75,000 shares and now owns 1.35M shares. Exact Sciences Corp (NASDAQ:EXAS) was raised too.

Among 19 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Bristol-Myers Squibb Company had 67 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, August 23 with “Buy”. As per Thursday, August 27, the company rating was maintained by Jefferies. BMO Capital Markets maintained the stock with “Sell” rating in Sunday, July 23 report. Citigroup maintained the shares of BMY in report on Wednesday, October 18 with “Buy” rating. Credit Suisse maintained Bristol-Myers Squibb Co (NYSE:BMY) on Friday, October 27 with “Neutral” rating. The rating was initiated by Atlantic Securities on Friday, December 18 with “Underweight”. The stock has “Hold” rating by Piper Jaffray on Thursday, July 27. Guggenheim upgraded the shares of BMY in report on Wednesday, December 2 to “Buy” rating. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, December 1. Berenberg upgraded the shares of BMY in report on Friday, January 22 to “Buy” rating.

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