Ubs Oconnor Trimmed Its Vulcan M (VMC) Stake by $2.98 Billion; Share Price Declined; Somerset Trust Company Raised Its 3M Co Com (MMM) Holding by $663,405 as Stock Declined

May 26, 2018 - By Stephen Andrade

Vulcan Materials Company (NYSE:VMC) Logo

Somerset Trust Company increased its stake in 3M Co Com (MMM) by 14.74% based on its latest 2017Q4 regulatory filing with the SEC. Somerset Trust Company bought 2,823 shares as the company’s stock declined 8.03% with the market. The institutional investor held 21,972 shares of the medical and dental instruments company at the end of 2017Q4, valued at $5.17 million, up from 19,149 at the end of the previous reported quarter. Somerset Trust Company who had been investing in 3M Co Com for a number of months, seems to be bullish on the $118.16 billion market cap company. The stock decreased 0.19% or $0.38 during the last trading session, reaching $199.03. About 1.69M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 26, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Ubs Oconnor Llc decreased its stake in Vulcan M (VMC) by 33.18% based on its latest 2017Q4 regulatory filing with the SEC. Ubs Oconnor Llc sold 23,202 shares as the company’s stock declined 7.65% with the market. The hedge fund held 46,734 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q4, valued at $6.00B, down from 69,936 at the end of the previous reported quarter. Ubs Oconnor Llc who had been investing in Vulcan M for a number of months, seems to be less bullish one the $16.83B market cap company. The stock decreased 0.45% or $0.57 during the last trading session, reaching $127.34. About 890,912 shares traded. Vulcan Materials Company (NYSE:VMC) has risen 1.98% since May 26, 2017 and is uptrending. It has underperformed by 9.57% the S&P500.

Somerset Trust Company, which manages about $200.18 million US Long portfolio, decreased its stake in Quest Diagnostics Inc (NYSE:DGX) by 5,620 shares to 18,917 shares, valued at $1.86 million in 2017Q4, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 2,434 shares in the quarter, leaving it with 29,389 shares, and cut its stake in Whirlpool Corp (NYSE:WHR).

Since January 31, 2018, it had 0 buys, and 16 insider sales for $30.99 million activity. Keel Paul A had sold 13,480 shares worth $3.33 million. Shin Hak Cheol had sold 6,799 shares worth $1.68 million. Bauman James L sold 2,826 shares worth $700,790. Shares for $742,051 were sold by Little Frank R Jr. on Friday, February 23. $1.54M worth of 3M Company (NYSE:MMM) shares were sold by Vale Michael G.. Gangestad Nicholas C sold 1,681 shares worth $419,846.

Investors sentiment increased to 0.83 in Q4 2017. 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. Punch & Assoc Inv Management Incorporated invested in 0.33% or 16,283 shares. Guardian Cap Advsrs LP reported 13,025 shares or 0.42% of all its holdings. 169,856 are held by Tocqueville Asset Mngmt L P. 262,894 were reported by Cornerstone Cap Lc. Bancshares Of Montreal Can stated it has 0.19% in 3M Company (NYSE:MMM). Suntrust Banks reported 0.47% stake. Family Firm holds 0.21% or 2,288 shares. Jnba Finance Advsr has 3,586 shares. Amer Retail Bank owns 2,200 shares or 0.15% of their US portfolio. Marietta Inv Ptnrs Limited Liability, Wisconsin-based fund reported 13,472 shares. Anchor Cap Lc holds 91,540 shares. Jarislowsky Fraser Limited invested 0.98% in 3M Company (NYSE:MMM). Univest Corp Of Pennsylvania has 13,529 shares. Acadian Asset Management Lc holds 451,380 shares. Highland Capital Lc invested 0.29% of its portfolio in 3M Company (NYSE:MMM).

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. The stock of 3M Company (NYSE:MMM) earned “Equal-Weight” rating by Barclays Capital on Monday, October 5. CFRA upgraded 3M Company (NYSE:MMM) rating on Tuesday, April 24. CFRA has “Buy” rating and $26000 target. On Wednesday, January 24 the stock rating was upgraded by Hilliard Lyons to “Buy”. The firm earned “Underperform” rating on Friday, October 23 by RBC Capital Markets. The rating was maintained by Barclays Capital with “Underweight” on Monday, March 26. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, January 25 report. On Wednesday, October 25 the stock rating was upgraded by Goldman Sachs to “Hold”. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Wednesday, October 26 with “Underperform” rating. Bernstein maintained the shares of MMM in report on Wednesday, March 30 with “Market Perform” rating. Credit Suisse upgraded 3M Company (NYSE:MMM) on Friday, September 25 to “Outperform” rating.

More important recent 3M Company (NYSE:MMM) news were published by: Benzinga.com which released: “RBC: 3M Remains One Of The Strongest Industrials” on May 03, 2018, also Seekingalpha.com published article titled: “Jefferies cautious on 3M amid rate, recession fears”, Investorplace.com published: “Resistance Looms Large for 3M Co Stock — Short It!” on May 11, 2018. More interesting news about 3M Company (NYSE:MMM) was released by: Livetradingnews.com and their article: “3M Company (NYSE:MMM) Stock Worth Watching” with publication date: May 23, 2018.

Analysts await Vulcan Materials Company (NYSE:VMC) to report earnings on August, 1. They expect $1.39 earnings per share, up 54.44% or $0.49 from last year’s $0.9 per share. VMC’s profit will be $183.73 million for 22.90 P/E if the $1.39 EPS becomes a reality. After $0.44 actual earnings per share reported by Vulcan Materials Company for the previous quarter, Wall Street now forecasts 215.91% EPS growth.

More news for Vulcan Materials Company (NYSE:VMC) were recently published by: Seekingalpha.com, which released: “Home Repair Projects And Eventual Infrastructure Spending Will Benefit These 5 Housing-Related Stocks” on May 20, 2018. Seekingalpha.com‘s article titled: “Vulcan Materials (VMC) Q1 2018 Results – Earnings Call Transcript” and published on May 03, 2018 is yet another important article.

Ubs Oconnor Llc, which manages about $12.67B and $3308.68B US Long portfolio, upped its stake in New Orie (NYSE:EDU) by 5,405 shares to 38,205 shares, valued at $3.59B in 2017Q4, according to the filing. It also increased its holding in Intel Co by 49.00 million shares in the quarter, for a total of 79.00 million shares, and has risen its stake in La Quint (NYSE:LQ).

Among 14 analysts covering Vulcan Materials Company (NYSE:VMC), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Vulcan Materials Company had 43 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stephens given on Friday, April 13. The firm earned “Hold” rating on Wednesday, January 17 by Jefferies. RBC Capital Markets maintained Vulcan Materials Company (NYSE:VMC) rating on Monday, July 24. RBC Capital Markets has “Buy” rating and $15400 target. The firm has “Buy” rating given on Wednesday, August 23 by Stifel Nicolaus. Citigroup maintained it with “Buy” rating and $150 target in Tuesday, February 27 report. The rating was maintained by Stephens with “Buy” on Wednesday, January 3. The rating was upgraded by Suntrust Robinson to “Buy” on Wednesday, October 26. Jefferies maintained Vulcan Materials Company (NYSE:VMC) on Monday, April 23 with “Hold” rating. The firm earned “Buy” rating on Monday, October 9 by Citigroup. The firm has “Outperform” rating by RBC Capital Markets given on Friday, February 5.

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.19, from 1.06 in 2017Q3. It increased, as 35 investors sold VMC shares while 152 reduced holdings. 65 funds opened positions while 168 raised stakes. 118.61 million shares or 2.84% more from 115.33 million shares in 2017Q3 were reported. Guggenheim Ltd Llc invested 0.11% of its portfolio in Vulcan Materials Company (NYSE:VMC). Bankshares Of Montreal Can holds 0.01% or 81,765 shares in its portfolio. Moneta Gru Inv Advsrs Ltd Limited Liability Company, a Missouri-based fund reported 3 shares. Federated Investors Incorporated Pa holds 0% or 681 shares. Swiss Bancorporation owns 486,942 shares. Northern Tru invested in 0.05% or 1.51 million shares. Two Creeks Mngmt Limited Partnership owns 111,892 shares. 17,964 are owned by Oak Ridge Invests Limited Liability. Kentucky Retirement invested 0.07% of its portfolio in Vulcan Materials Company (NYSE:VMC). Whittier accumulated 0% or 6 shares. Axa has 0.02% invested in Vulcan Materials Company (NYSE:VMC) for 38,857 shares. State Teachers Retirement Sys owns 218,690 shares. 458,024 were accumulated by Schwab Charles Investment Mngmt Inc. Atlantic Group Limited Liability holds 0% of its portfolio in Vulcan Materials Company (NYSE:VMC) for 355 shares. Pictet Asset invested in 71,352 shares.

3M Company (NYSE:MMM) Institutional Positions Chart

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