Haverford Trust Company Has Upped 3M Company (MMM) Holding by $367,775; As Netflix (NFLX) Shares Rose, Tremblant Capital Group Lowered Stake by $5.69 Million

April 19, 2018 - By Louis Casey

3M Company (NYSE:MMM) Logo

Brett Barakett decreased its stake in Netflix Inc (NFLX) by 14.03% based on its latest 2017Q4 regulatory filing with the SEC. Tremblant Capital Group sold 29,803 shares as the company’s stock rose 58.31% while stock markets declined. The hedge fund run by Brett Barakett held 182,686 shares of the consumer services company at the end of 2017Q4, valued at $35.07 million, down from 212,489 at the end of the previous reported quarter. Tremblant Capital Group who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $143.40B market cap company. The stock decreased 1.22% or $4.07 during the last trading session, reaching $330.45. About 4.47 million shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 108.73% since April 19, 2017 and is uptrending. It has outperformed by 97.18% the S&P500.

Haverford Trust Company increased its stake in 3M Company (MMM) by 3.36% based on its latest 2017Q4 regulatory filing with the SEC. Haverford Trust Company bought 1,565 shares as the company’s stock declined 8.03% with the market. The institutional investor held 48,204 shares of the medical and dental instruments company at the end of 2017Q4, valued at $11.35 million, up from 46,639 at the end of the previous reported quarter. Haverford Trust Company who had been investing in 3M Company for a number of months, seems to be bullish on the $129.42 billion market cap company. The stock decreased 0.87% or $1.9 during the last trading session, reaching $217.62. About 540,820 shares traded. 3M Company (NYSE:MMM) has risen 13.36% since April 19, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Tremblant Capital Group, which manages about $3.75B and $2.07 billion US Long portfolio, upped its stake in Cbs Corp New (NYSE:CBS) by 163,665 shares to 1.33 million shares, valued at $78.43M in 2017Q4, according to the filing. It also increased its holding in Anheuser Busch Inbev Sa/Nv (NYSE:BUD) by 177,128 shares in the quarter, for a total of 384,765 shares, and has risen its stake in Palo Alto Networks Inc (Call) (NYSE:PANW).

Investors sentiment increased to 1.31 in 2017 Q4. Its up 0.19, from 1.12 in 2017Q3. It increased, as 53 investors sold NFLX shares while 244 reduced holdings. 107 funds opened positions while 281 raised stakes. 344.43 million shares or 3.28% less from 356.10 million shares in 2017Q3 were reported. Susquehanna Intl Grp Inc Llp holds 0.05% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 705,206 shares. Sfe Invest Counsel, California-based fund reported 1,400 shares. Lord Abbett Ltd Liability Corp owns 220,524 shares or 0.12% of their US portfolio. Mason Street Limited Liability Company owns 0.27% invested in Netflix, Inc. (NASDAQ:NFLX) for 60,276 shares. Moreover, Parkside Fin Bancorporation And Tru has 0.03% invested in Netflix, Inc. (NASDAQ:NFLX) for 437 shares. Riverhead Cap Management Limited Liability Corporation holds 0.04% in Netflix, Inc. (NASDAQ:NFLX) or 4,657 shares. Peddock Capital Advsrs Limited Liability invested in 0.02% or 170 shares. Forte Limited Liability Adv reported 2,248 shares stake. Farmers & Merchants Invests has 382 shares. Lincoln Natl Corporation has invested 0.04% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Rampart Investment Management Ltd Llc accumulated 5,858 shares. Fulton Financial Bank Na invested 0.05% in Netflix, Inc. (NASDAQ:NFLX). Whale Rock Capital Mngmt Lc accumulated 409,734 shares. 304,181 were reported by Great West Life Assurance Com Can. Pathstone Family Office Ltd Liability Corporation invested in 0.05% or 480 shares.

Among 57 analysts covering Netflix (NASDAQ:NFLX), 39 have Buy rating, 2 Sell and 16 Hold. Therefore 68% are positive. Netflix had 257 analyst reports since August 4, 2015 according to SRatingsIntel. Atlantic Securities upgraded the shares of NFLX in report on Friday, April 1 to “Overweight” rating. Canaccord Genuity maintained it with “Buy” rating and $225.0 target in Monday, January 22 report. Cowen & Co maintained Netflix, Inc. (NASDAQ:NFLX) on Wednesday, April 11 with “Buy” rating. As per Tuesday, July 19, the company rating was maintained by PiperJaffray. Jefferies maintained it with “Underperform” rating and $74 target in Tuesday, July 19 report. On Tuesday, January 17 the stock rating was upgraded by Mizuho to “Buy”. As per Sunday, September 17, the company rating was maintained by RBC Capital Markets. As per Thursday, October 15, the company rating was maintained by FBR Capital. UBS maintained it with “Buy” rating and $225.0 target in Wednesday, October 4 report. The company was maintained on Tuesday, January 23 by Piper Jaffray.

Since October 23, 2017, it had 0 insider purchases, and 34 insider sales for $155.38 million activity. Another trade for 1,000 shares valued at $187,940 was made by WELLS DAVID B on Monday, December 11. BARTON RICHARD N sold $195,822 worth of Netflix, Inc. (NASDAQ:NFLX) on Tuesday, February 20. On Thursday, January 4 KILGORE LESLIE J sold $175,329 worth of Netflix, Inc. (NASDAQ:NFLX) or 847 shares. The insider HASTINGS REED sold $16.07 million. The insider Peters Gregory K sold 8,533 shares worth $1.92M. Another trade for 63,378 shares valued at $12.61 million was sold by HYMAN DAVID A.

Haverford Trust Company, which manages about $5.09B US Long portfolio, decreased its stake in Jp Morgan Alerian Mlp Index (AMJ) by 180,524 shares to 1.54M shares, valued at $42.20M in 2017Q4, according to the filing. It also reduced its holding in Mastercard (NYSE:MA) by 195,843 shares in the quarter, leaving it with 799,865 shares, and cut its stake in Ww Grainger Inc (NYSE:GWW).

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.06, from 0.77 in 2017Q3. It is positive, 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. Hikari Pwr Ltd owns 114,580 shares. Rocky Mountain Advisers Ltd Liability has 3.16% invested in 3M Company (NYSE:MMM). 61,830 are owned by Raymond James Tru Na. Jennison Associates Limited Liability Com accumulated 0% or 3,286 shares. Gilman Hill Asset Management Limited Liability stated it has 0.15% of its portfolio in 3M Company (NYSE:MMM). Tiedemann Wealth Mngmt Limited Liability Company holds 2,782 shares or 0.05% of its portfolio. Rnc Mngmt Limited Liability Co owns 4,427 shares. Haverford Trust invested in 0.22% or 48,204 shares. Lord Abbett & Ltd Company holds 0.19% or 285,034 shares. Global Invsts invested in 0.04% or 628,751 shares. Virtu Limited Co owns 19,961 shares. Altfest L J And holds 6,376 shares or 0.57% of its portfolio. Lodestar Counsel Limited Liability Company Il has 81,726 shares. Karp Cap Mngmt Corporation has invested 0.27% in 3M Company (NYSE:MMM). Security Tru Company has 30,456 shares for 2.31% of their portfolio.

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M had 83 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The firm has “Buy” rating by Citigroup given on Wednesday, July 26. The rating was maintained by Citigroup with “Buy” on Wednesday, October 25. Barclays Capital maintained the shares of MMM in report on Monday, March 26 with “Underweight” rating. The firm has “Hold” rating by RBC Capital Markets given on Thursday, January 25. The firm has “Buy” rating given on Wednesday, January 24 by Hilliard Lyons. The rating was maintained by RBC Capital Markets with “Hold” on Monday, July 10. On Tuesday, August 4 the stock rating was maintained by RBC Capital Markets with “Underperform”. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, March 30. The firm has “Buy” rating by UBS given on Wednesday, March 30.

Netflix, Inc. (NASDAQ:NFLX) Institutional Positions Chart

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