3M Co (MMM) Shareholder Oregon Public Employees Retirement Fund Lifted Position; As General Motors (GM) Share Price Declined, Van Hulzen Asset Management Decreased Position by $5.53 Million

May 18, 2018 - By reb123z

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Van Hulzen Asset Management Llc decreased its stake in General Motors (GM) by 95.12% based on its latest 2017Q4 regulatory filing with the SEC. Van Hulzen Asset Management Llc sold 134,800 shares as the company’s stock declined 17.02% with the market. The institutional investor held 6,920 shares of the auto manufacturing company at the end of 2017Q4, valued at $284,000, down from 141,720 at the end of the previous reported quarter. Van Hulzen Asset Management Llc who had been investing in General Motors for a number of months, seems to be less bullish one the $53.98B market cap company. The stock increased 0.71% or $0.27 during the last trading session, reaching $38.3. About 9.57 million shares traded. General Motors Company (NYSE:GM) has risen 0.46% since May 18, 2017 and is uptrending. It has underperformed by 11.09% the S&P500.

Oregon Public Employees Retirement Fund increased its stake in 3M Co (MMM) by 51.88% based on its latest 2017Q4 regulatory filing with the SEC. Oregon Public Employees Retirement Fund bought 86,098 shares as the company’s stock declined 8.03% with the market. The institutional investor held 252,060 shares of the medical and dental instruments company at the end of 2017Q4, valued at $59.33M, up from 165,962 at the end of the previous reported quarter. Oregon Public Employees Retirement Fund who had been investing in 3M Co for a number of months, seems to be bullish on the $118.95B market cap company. The stock increased 0.76% or $1.51 during the last trading session, reaching $200.36. About 2.27M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 18, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

More notable recent General Motors Company (NYSE:GM) news were published by: 247Wallst.com which released: “What to Look For When GM Reports Earnings Thursday Morning” on April 25, 2018, also 247Wallst.com with their article: “The Biggest Company the Year You Were Born” published on May 17, 2018, Seekingalpha.com published: “Investment plan increase for GM Korea” on April 25, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Nasdaq.com and their article: “Will GM Korea Turn a Profit in 2019?” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “An Investment Overview On Alliance Data Systems” with publication date: May 17, 2018.

Van Hulzen Asset Management Llc, which manages about $396.50M and $328.65M US Long portfolio, upped its stake in S&P 500 Unit Trust (SPY) by 1,235 shares to 7,758 shares, valued at $2.07 million in 2017Q4, according to the filing. It also increased its holding in Eaton by 7,070 shares in the quarter, for a total of 61,581 shares, and has risen its stake in Hanesbrands Inc (NYSE:HBI).

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.03, from 0.87 in 2017Q3. It is positive, as 64 investors sold GM shares while 322 reduced holdings. 122 funds opened positions while 225 raised stakes. 999.45 million shares or 1.00% less from 1.01 billion shares in 2017Q3 were reported. Banced Corporation stated it has 13,970 shares or 0.95% of all its holdings. Jacobs Levy Equity Mgmt has 0.54% invested in General Motors Company (NYSE:GM). Kornitzer Cap Management Ks holds 0.05% or 75,860 shares. Avalon Ltd Com owns 303,484 shares for 0.38% of their portfolio. Bnp Paribas Arbitrage Sa reported 1.02 million shares. Campbell Inv Adviser owns 7,189 shares or 0.22% of their US portfolio. The New York-based Focused Wealth Mgmt has invested 0.14% in General Motors Company (NYSE:GM). Hartford Mgmt Comm holds 0.2% of its portfolio in General Motors Company (NYSE:GM) for 269,341 shares. Cibc has 2.80 million shares for 0.82% of their portfolio. Pinebridge Ltd Partnership, New York-based fund reported 564 shares. Green Square Capital Ltd Llc holds 46,173 shares. Clinton Incorporated reported 76,383 shares. Texas Permanent School Fund reported 348,982 shares. Texas Yale Cap Corporation reported 24,275 shares. Riggs Asset Managment stated it has 316 shares.

Among 29 analysts covering General Motors Company (NYSE:GM), 17 have Buy rating, 3 Sell and 9 Hold. Therefore 59% are positive. General Motors Company had 94 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of GM in report on Thursday, October 5 with “Sector Perform” rating. The stock of General Motors Company (NYSE:GM) has “Equal-Weight” rating given on Friday, May 6 by Morgan Stanley. JP Morgan maintained General Motors Company (NYSE:GM) rating on Tuesday, April 19. JP Morgan has “Overweight” rating and $45 target. The firm earned “Buy” rating on Tuesday, January 16 by CFRA. On Tuesday, August 9 the stock rating was initiated by Seaport Global with “Buy”. The firm has “Sector Perform” rating given on Thursday, October 22 by RBC Capital Markets. The stock has “Neutral” rating by Credit Suisse on Friday, July 24. The company was initiated on Wednesday, June 21 by CLSA. The stock of General Motors Company (NYSE:GM) earned “Market Perform” rating by BMO Capital Markets on Wednesday, October 25. The firm has “Sector Perform” rating given on Friday, July 24 by RBC Capital Markets.

Analysts await General Motors Company (NYSE:GM) to report earnings on July, 24. They expect $1.82 earnings per share, down 3.70% or $0.07 from last year’s $1.89 per share. GM’s profit will be $2.57 billion for 5.26 P/E if the $1.82 EPS becomes a reality. After $1.43 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, December 16 the stock rating was maintained by UBS with “Buy”. The stock has “Buy” rating by Citigroup on Wednesday, July 26. The company was maintained on Wednesday, April 26 by Stifel Nicolaus. On Tuesday, March 15 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Citigroup on Wednesday, October 25. The firm earned “Hold” rating on Wednesday, October 25 by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Thursday, June 1. The stock of 3M Company (NYSE:MMM) has “Underweight” rating given on Wednesday, July 26 by Morgan Stanley. As per Wednesday, April 25, the company rating was maintained by Stifel Nicolaus. On Friday, July 24 the stock rating was maintained by UBS with “Buy”.

Oregon Public Employees Retirement Fund, which manages about $6.64B US Long portfolio, decreased its stake in Chevron Corp (NYSE:CVX) by 28,722 shares to 463,650 shares, valued at $58.04 million in 2017Q4, according to the filing. It also reduced its holding in Teleflex Inc (NYSE:TFX) by 4,830 shares in the quarter, leaving it with 23,386 shares, and cut its stake in East West Bancorp Inc (NASDAQ:EWBC).

Since January 31, 2018, it had 0 insider buys, and 16 sales for $30.99 million activity. $1.54 million worth of 3M Company (NYSE:MMM) was sold by Vale Michael G.. Vrohidis Ippocratis also sold $56,178 worth of 3M Company (NYSE:MMM) on Thursday, February 1. 1,900 3M Company (NYSE:MMM) shares with value of $474,944 were sold by Shin Hak Cheol. Shares for $419,846 were sold by Gangestad Nicholas C. $3.33M worth of 3M Company (NYSE:MMM) was sold by Keel Paul A. $4.75M worth of 3M Company (NYSE:MMM) shares were sold by THULIN INGE G.

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.06, from 0.77 in 2017Q3. It improved, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. City Com holds 1.01% of its portfolio in 3M Company (NYSE:MMM) for 13,572 shares. Cadence Fincl Bank Na owns 1.32% invested in 3M Company (NYSE:MMM) for 15,368 shares. Colony Grp Ltd Com holds 6,705 shares or 0.1% of its portfolio. California-based Hanson Mcclain has invested 0.03% in 3M Company (NYSE:MMM). Sadoff Investment Mgmt Ltd invested in 859 shares or 0.02% of the stock. Verity & Verity Limited Liability Company reported 27,286 shares. Dubuque Bank And Trust Co owns 1.17% invested in 3M Company (NYSE:MMM) for 32,956 shares. 1,397 are held by Schaper Benz & Wise Inv Counsel Inc Wi. Cibc Asset Management Inc holds 57,804 shares. Gw Henssler & Associates Ltd reported 58,130 shares. Garde Incorporated, a Washington-based fund reported 4,560 shares. Bnp Paribas Asset Management Holding Sa invested in 0.21% or 102,211 shares. 7,801 were reported by Stonebridge Cap Ltd Liability Co. Lafleur Godfrey Ltd Liability Corporation owns 1.08% invested in 3M Company (NYSE:MMM) for 18,595 shares. Asset Mgmt One Co Ltd holds 981,413 shares.

3M Company (NYSE:MMM) Institutional Positions Chart

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