Weyerhaeuser Co (WY) Shareholder Klingenstein Fields & Co Has Lowered Holding; Cardinal Capital Management Cut 3M Company (MMM) Holding by $1.70 Million as Market Value Rose

January 14, 2018 - By Peter Kolinski

Klingenstein Fields & Co Llc decreased its stake in Weyerhaeuser Co (WY) by 2.55% based on its latest 2017Q3 regulatory filing with the SEC. Klingenstein Fields & Co Llc sold 19,535 shares as the company’s stock declined 1.49% while stock markets rallied. The institutional investor held 747,421 shares of the real estate investment trusts company at the end of 2017Q3, valued at $25.44 million, down from 766,956 at the end of the previous reported quarter. Klingenstein Fields & Co Llc who had been investing in Weyerhaeuser Co for a number of months, seems to be less bullish one the $26.62 billion market cap company. The stock increased 0.77% or $0.27 during the last trading session, reaching $35.26. About 2.89 million shares traded or 4.31% up from the average. Weyerhaeuser Company (NYSE:WY) has risen 8.94% since January 14, 2017 and is uptrending. It has underperformed by 7.76% the S&P500.

Amy Minella decreased its stake in 3M Company (MMM) by 15.31% based on its latest 2017Q3 regulatory filing with the SEC. Cardinal Capital Management sold 8,112 shares as the company’s stock rose 7.02% with the market. The hedge fund run by Amy Minella held 44,885 shares of the medical and dental instruments company at the end of 2017Q3, valued at $9.42M, down from 52,997 at the end of the previous reported quarter. Cardinal Capital Management who had been investing in 3M Company 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 buys, and 8 selling transactions for $5.40 million activity. Gangestad Nicholas C had sold 4,004 shares worth $936,291 on Friday, October 27. $92,023 worth of 3M Company (NYSE:MMM) was sold by Lindekugel Jon T on Tuesday, October 31. Little Frank R Jr. had sold 2,719 shares worth $560,200 on Thursday, August 17. On Friday, October 27 the insider THULIN INGE G sold $1.59M. Hammes Eric D. had sold 1,428 shares worth $295,106. $547,377 worth of 3M Company (NYSE:MMM) was sold by Fong Ivan K.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It turned negative, 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. Cs Mckee Lp accumulated 71,160 shares. Regal Invest Advsrs Ltd owns 10,518 shares for 0.52% of their portfolio. North Star Asset Mngmt accumulated 7,858 shares or 0.16% of the stock. Woodley Farra Manion Portfolio Management Incorporated holds 5,732 shares. Somerset Gru Llc owns 75,284 shares. Arkansas-based State Bank Of The Ozarks has invested 0.26% in 3M Company (NYSE:MMM). California-based Osborne Ptnrs Cap Mgmt Limited Liability Company has invested 0.06% in 3M Company (NYSE:MMM). Howe & Rusling reported 59,534 shares. Cadinha And Limited Liability Company accumulated 3,177 shares. Murphy Pohlad Asset Mngmt Limited Liability holds 10,466 shares or 1.53% of its portfolio. Moreover, Mariner Wealth Advsr Llc has 0.14% invested in 3M Company (NYSE:MMM). Welch Grp Inc Limited Liability holds 3.09% of its portfolio in 3M Company (NYSE:MMM) for 88,107 shares. Panagora Asset Mgmt holds 0.25% or 300,051 shares in its portfolio. South Dakota Inv Council holds 0.15% of its portfolio in 3M Company (NYSE:MMM) for 35,400 shares. Cibc Asset Mngmt Inc holds 88,492 shares.

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 company was maintained on Wednesday, January 25 by Stifel Nicolaus. As per Wednesday, April 26, the company rating was maintained by Stifel Nicolaus. Jefferies maintained the stock with “Buy” rating in Monday, August 14 report. Citigroup maintained 3M Company (NYSE:MMM) rating on Wednesday, July 26. Citigroup has “Buy” rating and $228 target. RBC Capital Markets maintained it with “Underperform” rating and $136 target in Wednesday, December 16 report. The firm has “Outperform” rating by Credit Suisse given on Friday, September 25. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Wednesday, March 30 by UBS. On Monday, October 5 the stock rating was maintained by Barclays Capital with “Equal-Weight”. As per Friday, September 15, the company rating was maintained by RBC Capital Markets. Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating on Wednesday, October 25. Stifel Nicolaus has “Hold” rating and $244 target.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.02 EPS, 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 EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth.

Since October 16, 2017, it had 0 insider purchases, and 1 insider sale for $7.97 million activity.

Among 14 analysts covering Weyerhaeuser Company (NYSE:WY), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. Weyerhaeuser Company had 34 analyst reports since September 11, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, May 3 by Vertical Research. As per Friday, November 13, the company rating was upgraded by CLSA. The rating was upgraded by Raymond James to “Strong Buy” on Monday, January 9. The company was upgraded on Friday, October 9 by UBS. The stock has “Hold” rating by BMO Capital Markets on Wednesday, September 27. RBC Capital Markets maintained Weyerhaeuser Company (NYSE:WY) on Wednesday, April 19 with “Buy” rating. On Tuesday, January 19 the stock rating was upgraded by Dundee Securities to “Buy”. The firm has “Neutral” rating given on Monday, May 9 by DA Davidson. Dundee Securities downgraded the stock to “Neutral” rating in Friday, December 18 report. Bank of America downgraded the shares of WY in report on Wednesday, July 5 to “Neutral” rating.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It improved, as 31 investors sold WY shares while 275 reduced holdings. 76 funds opened positions while 261 raised stakes. 551.50 million shares or 0.58% less from 554.73 million shares in 2017Q2 were reported. Advisors Ok reported 0.85% stake. Sabal has invested 0.04% of its portfolio in Weyerhaeuser Company (NYSE:WY). Lederer & Associate Inv Counsel Ca holds 0.4% of its portfolio in Weyerhaeuser Company (NYSE:WY) for 12,322 shares. Utah Retirement holds 0.1% or 136,860 shares. Wellington Shields Cap Lc has 0.28% invested in Weyerhaeuser Company (NYSE:WY) for 62,723 shares. Montgomery Inv Inc owns 73,216 shares. Texas Yale Capital Corp reported 9,824 shares. Jacobus Wealth Management holds 8,249 shares or 0.07% of its portfolio. Third Avenue Ltd Liability holds 5.64 million shares or 8.64% of its portfolio. Reliance Trust Of Delaware has invested 0.1% in Weyerhaeuser Company (NYSE:WY). Dynamic Ltd reported 0.27% of its portfolio in Weyerhaeuser Company (NYSE:WY). Pacific Heights Asset Mngmt Limited Liability Company holds 200,000 shares or 0.65% of its portfolio. Marco Investment Lc stated it has 0.07% of its portfolio in Weyerhaeuser Company (NYSE:WY). Waterfront Capital Partners Limited Liability stated it has 1.78% of its portfolio in Weyerhaeuser Company (NYSE:WY). Liberty Mutual Gp Asset reported 32,207 shares.

Klingenstein Fields & Co Llc, which manages about $3.18 billion and $2.60 billion US Long portfolio, upped its stake in Disney Walt Co (NYSE:DIS) by 4,246 shares to 2.03 million shares, valued at $200.34 million in 2017Q3, according to the filing. It also increased its holding in Schwab Us Small Cap Etf (SCHA) by 152,521 shares in the quarter, for a total of 163,072 shares, and has risen its stake in General Electric Co (NYSE:GE).

Analysts await Weyerhaeuser Company (NYSE:WY) to report earnings on February, 2. They expect $0.35 EPS, up 150.00% or $0.21 from last year’s $0.14 per share. WY’s profit will be $264.19 million for 25.19 P/E if the $0.35 EPS becomes a reality. After $0.34 actual EPS reported by Weyerhaeuser Company for the previous quarter, Wall Street now forecasts 2.94% EPS growth.

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