Wells Fargo Co New (WFC) Stock Declined While Chatham Capital Group Lowered Stake; Pettyjohn Wood & White Lowered Its 3M Co Com (MMM) Holding as Stock Declined

May 26, 2018 - By Ellis Scott

3M Company (NYSE:MMM) Logo

Chatham Capital Group Inc decreased its stake in Wells Fargo Co New (WFC) by 15.11% based on its latest 2017Q4 regulatory filing with the SEC. Chatham Capital Group Inc sold 5,750 shares as the company’s stock declined 16.98% with the market. The institutional investor held 32,302 shares of the major banks company at the end of 2017Q4, valued at $1.96 million, down from 38,052 at the end of the previous reported quarter. Chatham Capital Group Inc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $267.52B market cap company. The stock increased 0.42% or $0.23 during the last trading session, reaching $54.9. About 17.74M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 26, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Pettyjohn Wood & White Inc decreased its stake in 3M Co Com (MMM) by 13.62% based on its latest 2017Q4 regulatory filing with the SEC. Pettyjohn Wood & White Inc sold 1,656 shares as the company’s stock declined 8.03% with the market. The institutional investor held 10,505 shares of the medical and dental instruments company at the end of 2017Q4, valued at $2.47 million, down from 12,161 at the end of the previous reported quarter. Pettyjohn Wood & White Inc who had been investing in 3M Co Com for a number of months, seems to be less bullish one the $118.16B market cap company. The stock decreased 0.19% or $0.38 during the last trading session, reaching $199.03. About 1.69 million 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.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 EPS, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56 billion for 18.92 P/E if the $2.63 EPS becomes a reality. After $2.50 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

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. Burgundy Asset Management has invested 0.02% in 3M Company (NYSE:MMM). Sand Hill Glob Advisors Ltd holds 0.55% or 23,601 shares in its portfolio. Dowling And Yahnke Limited Liability Co holds 36,233 shares. Jones Financial Cos Lllp owns 25,442 shares or 0.02% of their US portfolio. Cookson Peirce has invested 0.76% in 3M Company (NYSE:MMM). Wellington Grp Ltd Liability Partnership reported 2.32M shares. Aviva Plc has invested 0.67% in 3M Company (NYSE:MMM). Teachers Retirement Systems Of The State Of Kentucky owns 65,223 shares or 0.18% of their US portfolio. Lombard Odier Asset Management (Switzerland) stated it has 2,911 shares or 0.07% of all its holdings. Boothbay Fund Mgmt Ltd Llc holds 1,101 shares. Court Place Advsrs Limited Liability Corporation reported 881 shares. Meristem Limited Liability Partnership reported 22,083 shares or 1.88% of all its holdings. Cibc World Markets Inc reported 155,148 shares stake. Strategic Advisors Ltd Liability owns 1.04% invested in 3M Company (NYSE:MMM) for 10,786 shares. Country Tru Natl Bank holds 0.9% or 89,033 shares in its portfolio.

Since January 31, 2018, it had 0 buys, and 16 sales for $30.99 million activity. Shares for $4.75M were sold by THULIN INGE G on Wednesday, January 31. Another trade for 6,243 shares valued at $1.54 million was made by Vale Michael G. on Friday, February 2. Bauman James L also sold $700,790 worth of 3M Company (NYSE:MMM) on Friday, February 2. 225 shares were sold by Vrohidis Ippocratis, worth $56,178. Another trade for 13,480 shares valued at $3.33M was sold by Keel Paul A. The insider Roman Michael F sold $1.02 million.

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

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 firm earned “Buy” rating on Friday, May 26 by Jefferies. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, October 25. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Tuesday, April 24 by CFRA. RBC Capital Markets maintained the shares of MMM in report on Wednesday, October 26 with “Underperform” rating. The stock of 3M Company (NYSE:MMM) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, December 7. The rating was maintained by UBS with “Buy” on Wednesday, December 16. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Credit Suisse on Wednesday, October 11. Jefferies maintained the shares of MMM in report on Thursday, July 13 with “Buy” rating. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Wednesday, January 3. RBC Capital Markets has “Hold” rating and $240.0 target. The firm has “Buy” rating by Jefferies given on Thursday, December 14.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: 247Wallst.com which released: “Wells Fargo’s Tim Sloan Remains One of America’s Worst CEOs” on May 05, 2018, also 247Wallst.com with their article: “Well Fargo Renews Its Commitment to You After Rip-Offs (Update)” published on May 09, 2018, Seekingalpha.com published: “Wells Fargo: Only Buy On Weakness” on May 26, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Value And Longevity” with publication date: May 21, 2018.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Monday, April 16. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Monday, January 11 by Goldman Sachs. The firm has “Buy” rating given on Thursday, September 22 by Deutsche Bank. The company was upgraded on Wednesday, April 5 by Keefe Bruyette & Woods. The stock of Wells Fargo & Company (NYSE:WFC) has “Mkt Perform” rating given on Monday, October 17 by Keefe Bruyette & Woods. As per Tuesday, September 8, the company rating was upgraded by Deutsche Bank. Jefferies downgraded the stock to “Hold” rating in Monday, November 28 report. The stock of Wells Fargo & Company (NYSE:WFC) earned “Underperform” rating by Macquarie Research on Friday, September 25. Guggenheim upgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, April 26 to “Neutral” rating. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) on Thursday, December 21 with “Buy” rating.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 EPS, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 12.25 P/E if the $1.12 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Chatham Capital Group Inc, which manages about $394.80M and $363.45M US Long portfolio, upped its stake in Vanguard Bd Index Fd Inc (BSV) by 5,300 shares to 99,710 shares, valued at $7.89M in 2017Q4, according to the filing. It also increased its holding in Vanguard Scottsdale Fds (VCSH) by 75,998 shares in the quarter, for a total of 379,866 shares, and has risen its stake in Ishares Tr (FLOT).

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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