Schaper Benz & Wise Investment Counsel Has Trimmed 3M Company (MMM) Position; Shorts at Akorn (AKRX) Lowered By 17.42%

June 19, 2017 - By Ellis Scott

Schaper Benz & Wise Investment Counsel Inc decreased 3M Company (MMM) stake by 69.98% reported in 2016Q4 SEC filing. Schaper Benz & Wise Investment Counsel Inc sold 3,094 shares as 3M Company (MMM)’s stock rose 7.02%. The Schaper Benz & Wise Investment Counsel Inc holds 1,327 shares with $237,000 value, down from 4,421 last quarter. 3M Company now has $128.53 billion valuation. It closed at $213.24 lastly. It is down 18.59% since June 19, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Akorn Incorporated (NASDAQ:AKRX) had a decrease of 17.42% in short interest. AKRX’s SI was 7.30M shares in June as released by FINRA. Its down 17.42% from 8.84M shares previously. With 3.71 million avg volume, 2 days are for Akorn Incorporated (NASDAQ:AKRX)’s short sellers to cover AKRX’s short positions. The SI to Akorn Incorporated’s float is 8.98%. It closed at $33.48 lastly. It is down 12.04% since June 19, 2016 and is uptrending. It has underperformed by 4.66% the S&P500.

Among 11 analysts covering 3M (NYSE:MMM), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. 3M had 42 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Underperform” rating by RBC Capital Markets on Wednesday, October 26. RBC Capital Markets upgraded 3M Co (NYSE:MMM) rating on Wednesday, December 7. RBC Capital Markets has “Sector Perform” rating and $171 target. The stock has “Buy” rating by Citigroup on Thursday, January 21. The firm has “Buy” rating given on Tuesday, April 12 by Jefferies. The rating was maintained by UBS with “Buy” on Wednesday, December 16. The firm has “Buy” rating by Barclays Capital given on Friday, April 28. RBC Capital Markets maintained it with “Underperform” rating and $149 target in Tuesday, August 4 report. The firm has “Buy” rating given on Tuesday, April 19 by Citigroup. The rating was maintained by Stifel Nicolaus on Wednesday, December 14 with “Hold”. The firm has “Buy” rating by UBS given on Friday, July 24.

Since February 8, 2017, it had 0 insider purchases, and 14 insider sales for $30.89 million activity. Gangestad Nicholas C had sold 2,888 shares worth $523,613 on Monday, February 13. Delgado Joaquin sold $2.11 million worth of 3M Co (NYSE:MMM) on Tuesday, February 14. Another trade for 3,393 shares valued at $613,250 was made by Ashish Khandpur K on Monday, February 13. $1.53 million worth of 3M Co (NYSE:MMM) was sold by Keel Paul A. THULIN INGE G had sold 14,680 shares worth $2.60M. 1,300 shares were sold by Lindekugel Jon T, worth $256,388. Price Kimberly F sold $597,500 worth of stock or 3,016 shares.

Analysts await 3M Co (NYSE:MMM) to report earnings on July, 25. They expect $2.44 EPS, up 17.31% or $0.36 from last year’s $2.08 per share. MMM’s profit will be $1.47 billion for 21.85 P/E if the $2.44 EPS becomes a reality. After $2.16 actual EPS reported by 3M Co for the previous quarter, Wall Street now forecasts 12.96% EPS growth.

Investors sentiment increased to 0.86 in Q4 2016. Its up 0.08, from 0.78 in 2016Q3. It increased, as 67 investors sold MMM shares while 592 reduced holdings. 100 funds opened positions while 464 raised stakes. 383.70 million shares or 2.52% more from 374.26 million shares in 2016Q3 were reported. Contravisory Mngmt Incorporated owns 19 shares or 0% of their US portfolio. Westfield Communication Lp holds 3,250 shares. Ftb Advsr invested in 20,058 shares. Thomas Story & Son Ltd Liability Company holds 44,690 shares or 4.8% of its portfolio. Private Advisor Gru Lc reported 35,369 shares stake. Concert Wealth Management Incorporated accumulated 4,290 shares or 0.17% of the stock. Blackrock Group, United Kingdom-based fund reported 5.37M shares. Autus Asset Mngmt Ltd Liability Corporation holds 9,572 shares or 0.38% of its portfolio. California Employees Retirement Sys owns 1.56M shares. Spectrum Management Grp accumulated 10,495 shares. Lombard Odier Asset Mngmt (Europe) Limited accumulated 0.55% or 8,554 shares. Conestoga Capital Advsr Limited Liability reported 0.04% of its portfolio in 3M Co (NYSE:MMM). Manufacturers Life Ins The invested 0.15% of its portfolio in 3M Co (NYSE:MMM). Blair William Il invested in 151,231 shares. Jefferies Grp Incorporated Ltd Liability Corp owns 593 shares for 0% of their portfolio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: