State Str (STT) Shareholder Centurylink Investment Management Company Lowered Its Position by $769,215; Sii Investments Has Decreased Its 3M Co (MMM) Stake by $2.24 Million

January 14, 2018 - By Stephen Andrade

Centurylink Investment Management Company decreased its stake in State Str Corp (STT) by 35.28% based on its latest 2017Q3 regulatory filing with the SEC. Centurylink Investment Management Company sold 8,097 shares as the company’s stock rose 0.17% with the market. The institutional investor held 14,852 shares of the major banks company at the end of 2017Q3, valued at $1.42 million, down from 22,949 at the end of the previous reported quarter. Centurylink Investment Management Company who had been investing in State Str Corp for a number of months, seems to be less bullish one the $39.77B market cap company. The stock increased 1.38% or $1.46 during the last trading session, reaching $107.24. About 1.48M shares traded. State Street Corporation (NYSE:STT) has risen 33.09% since January 14, 2017 and is uptrending. It has outperformed by 16.39% the S&P500.

Sii Investments Inc decreased its stake in 3M Co (MMM) by 37.47% based on its latest 2017Q3 regulatory filing with the SEC. Sii Investments Inc sold 10,711 shares as the company’s stock rose 7.02% with the market. The institutional investor held 17,872 shares of the medical and dental instruments company at the end of 2017Q3, valued at $3.75 million, down from 28,583 at the end of the previous reported quarter. Sii Investments Inc who had been investing in 3M Co for a number of months, seems to be less bullish one the $145.61 billion market cap company. The stock increased 0.89% or $2.16 during the last trading session, reaching $244.47. About 1.97M shares traded or 0.36% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since January 14, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Since August 11, 2017, it had 0 insider buys, and 8 sales for $5.40 million activity. The insider Gangestad Nicholas C sold $936,291. On Friday, October 27 the insider Fong Ivan K sold $547,377. THULIN INGE G sold $1.59 million worth of stock or 6,823 shares. Hammes Eric D. sold $295,106 worth of stock or 1,428 shares. Shares for $1.02M were sold by Keel Paul A on Friday, August 11. Another trade for 400 shares valued at $92,023 was sold by Lindekugel Jon T.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.02 earnings per share, up 7.45% or $0.14 from last year’s $1.88 per share. MMM’s profit will be $1.20B for 30.26 P/E if the $2.02 EPS becomes a reality. After $2.33 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It dived, 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. Alley Limited Liability Company holds 1.73% of its portfolio in 3M Company (NYSE:MMM) for 22,698 shares. Stearns Finance Svcs Gp reported 0.71% in 3M Company (NYSE:MMM). First Personal Financial Ser has invested 0.27% in 3M Company (NYSE:MMM). Ashfield Cap Prtnrs Limited Liability Corp has 1.45% invested in 3M Company (NYSE:MMM). Texas Permanent School Fund has 0.45% invested in 3M Company (NYSE:MMM) for 165,382 shares. Moreover, Pacific Global Investment Mgmt has 1.15% invested in 3M Company (NYSE:MMM). Cookson Peirce & holds 0.75% or 34,609 shares in its portfolio. Amica Mutual Ins owns 29,330 shares or 0.55% of their US portfolio. 6,651 were accumulated by Paragon Ltd. Cannell Peter B holds 0.26% of its portfolio in 3M Company (NYSE:MMM) for 35,650 shares. Brave Asset Management stated it has 9,350 shares or 1.03% of all its holdings. Portfolio Solutions Limited Co has invested 0% of its portfolio in 3M Company (NYSE:MMM). Federated Invsts Inc Pa reported 12,465 shares stake. Bangor Savings Bank owns 1,851 shares. East Coast Asset Mgmt Ltd Liability owns 6,028 shares for 0.33% of their portfolio.

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, March 30 by UBS. The firm earned “Buy” rating on Thursday, December 14 by Jefferies. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, March 30. On Wednesday, January 3 the stock rating was maintained by RBC Capital Markets with “Hold”. Jefferies maintained it with “Buy” rating and $219 target in Monday, May 29 report. As per Monday, August 14, the company rating was maintained by Jefferies. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Tuesday, April 12 by Jefferies. The stock of 3M Company (NYSE:MMM) has “Hold” rating given on Tuesday, December 12 by RBC Capital Markets. The firm has “Underperform” rating by RBC Capital Markets given on Friday, July 24. Citigroup maintained it with “Buy” rating and $262 target in Wednesday, October 25 report.

Sii Investments Inc, which manages about $3.27B and $1.75 billion US Long portfolio, upped its stake in Ishares Tr (IVV) by 10,622 shares to 168,940 shares, valued at $42.77 million in 2017Q3, according to the filing. It also increased its holding in Ishares Inc by 6,607 shares in the quarter, for a total of 11,600 shares, and has risen its stake in Ishares Tr (EEM).

Since August 10, 2017, it had 0 insider buys, and 4 selling transactions for $601,263 activity. Another trade for 261 shares valued at $24,491 was sold by Newth Sean P. Sullivan George E had sold 2,664 shares worth $247,779 on Tuesday, August 15. Grove Hannah M sold $296,160 worth of State Street Corporation (NYSE:STT) on Thursday, August 10.

Centurylink Investment Management Company, which manages about $18.36B and $307.45 million US Long portfolio, upped its stake in Dish Network Corp (NASDAQ:DISH) by 12,143 shares to 26,218 shares, valued at $1.42 million in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 346 shares in the quarter, for a total of 2,995 shares, and has risen its stake in Oge Energy Corp (NYSE:OGE).

Analysts await State Street Corporation (NYSE:STT) to report earnings on January, 23 before the open. They expect $1.69 EPS, up 14.19% or $0.21 from last year’s $1.48 per share. STT’s profit will be $626.72M for 15.86 P/E if the $1.69 EPS becomes a reality. After $1.71 actual EPS reported by State Street Corporation for the previous quarter, Wall Street now forecasts -1.17% negative EPS growth.

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