As 3M Company (MMM) Stock Rose, Lodestar Investment Counsel Increased Position; Taconic Capital Advisors LP Increases Stake in Colgate Palmolive Co (CL)

January 19, 2018 - By Hazel Jackson

Frank Brosens increased its stake in Colgate Palmolive Co (CL) by 25% based on its latest 2017Q3 regulatory filing with the SEC. Taconic Capital Advisors Lp bought 15,000 shares as the company’s stock rose 3.95% with the market. The hedge fund run by Frank Brosens held 75,000 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $5.46M, up from 60,000 at the end of the previous reported quarter. Taconic Capital Advisors Lp who had been investing in Colgate Palmolive Co for a number of months, seems to be bullish on the $67.97 billion market cap company. The stock increased 1.01% or $0.77 during the last trading session, reaching $77.4. About 2.25M shares traded. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since January 19, 2017 and is uptrending. It has underperformed by 10.47% the S&P500.

Lodestar Investment Counsel Llc increased its stake in 3M Company (MMM) by 4.25% based on its latest 2017Q3 regulatory filing with the SEC. Lodestar Investment Counsel Llc bought 3,420 shares as the company’s stock rose 7.02% with the market. The institutional investor held 83,875 shares of the medical and dental instruments company at the end of 2017Q3, valued at $17.61 million, up from 80,455 at the end of the previous reported quarter. Lodestar Investment Counsel Llc who had been investing in 3M Company for a number of months, seems to be bullish on the $147.22B market cap company. The stock increased 0.51% or $1.26 during the last trading session, reaching $247.17. About 941,691 shares traded. 3M Company (NYSE:MMM) has risen 18.59% since January 19, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

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. Cambridge Advisors stated it has 0.19% in 3M Company (NYSE:MMM). South Africa-based Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.62% in 3M Company (NYSE:MMM). 19,993 were accumulated by Clean Yield Grp. Garde Capital Inc holds 4,560 shares. Omers Administration Corp owns 15,725 shares for 0.04% of their portfolio. Midwest Inv Lc invested 0.35% of its portfolio in 3M Company (NYSE:MMM). Bailard owns 14,350 shares. Martin Investment Management Ltd Liability Com accumulated 54,873 shares or 3.22% of the stock. Willingdon Wealth Management reported 0.04% stake. Prelude Cap Mngmt Lc has invested 0.01% in 3M Company (NYSE:MMM). S&Co invested in 67,494 shares. Bb&T Securities Limited has invested 0.59% in 3M Company (NYSE:MMM). Old Mutual Global Invsts (Uk) Limited holds 257,792 shares or 0.57% of its portfolio. Capital Advsr Ltd Liability Corp owns 9,425 shares. Focused Wealth Mngmt reported 0.16% of its portfolio in 3M Company (NYSE:MMM).

Since August 11, 2017, it had 0 buys, and 8 sales for $5.40 million activity. $547,377 worth of 3M Company (NYSE:MMM) shares were sold by Fong Ivan K. Shares for $1.02M were sold by Keel Paul A. THULIN INGE G had sold 6,823 shares worth $1.59 million. On Thursday, August 17 Hammes Eric D. sold $295,106 worth of 3M Company (NYSE:MMM) or 1,428 shares. Little Frank R Jr. sold 2,719 shares worth $560,200. $92,023 worth of stock was sold by Lindekugel Jon T on Tuesday, October 31.

Lodestar Investment Counsel Llc, which manages about $597.87 million and $814.07M US Long portfolio, decreased its stake in Verizon Communications Inc. (NYSE:VZ) by 14,003 shares to 25,020 shares, valued at $1.24 million in 2017Q3, according to the filing. It also reduced its holding in Metropolitan Life (NYSE:MET) by 7,475 shares in the quarter, leaving it with 362,550 shares, and cut its stake in General Electric (NYSE:GE).

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, October 23 with “Underperform”. As per Wednesday, December 14, the company rating was maintained by Stifel Nicolaus. The company was maintained on Tuesday, June 6 by Bank of America. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, March 30. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Monday, July 10 with “Hold” rating. The rating was maintained by Jefferies on Thursday, December 14 with “Buy”. Credit Suisse upgraded the stock to “Outperform” rating in Friday, September 25 report. Citigroup maintained the shares of MMM in report on Monday, October 9 with “Buy” rating. UBS maintained the stock with “Buy” rating in Wednesday, December 16 report. The rating was downgraded by Goldman Sachs on Monday, November 21 to “Sell”.

Investors sentiment is 0.9 in Q3 2017. Its the same as in 2017Q2. It has no change, as 52 investors sold CL shares while 437 reduced holdings. only 92 funds opened positions while 350 raised stakes. 617.24 million shares or 0.04% less from 617.46 million shares in 2017Q2 were reported. New England Rech Mgmt invested in 3,000 shares. Alphaone Ltd Limited Liability Company owns 2,186 shares or 0.04% of their US portfolio. Commonwealth Equity invested in 249,177 shares. Cibc reported 63,894 shares. Horrell Capital Management accumulated 36 shares or 0% of the stock. Vident Invest Advisory owns 0.05% invested in Colgate-Palmolive Company (NYSE:CL) for 11,791 shares. Susquehanna Group Inc Inc Llp has 0.01% invested in Colgate-Palmolive Company (NYSE:CL) for 434,167 shares. South Texas Money Management Limited holds 0.02% or 5,407 shares. Moreover, Rwc Asset Mgmt Limited Liability Partnership has 0.75% invested in Colgate-Palmolive Company (NYSE:CL) for 169,589 shares. Seabridge Advisors Lc owns 1,042 shares. Carret Asset Limited Liability owns 19,668 shares or 0.23% of their US portfolio. Hamilton Point Limited Co accumulated 34,017 shares. North Carolina-based Sheets Smith Wealth has invested 0.22% in Colgate-Palmolive Company (NYSE:CL). 446,688 are owned by Ameriprise Fincl. Public Sector Pension Investment Board owns 229,862 shares or 0.07% of their US portfolio.

Taconic Capital Advisors Lp, which manages about $11.01 billion and $119.66 million US Long portfolio, decreased its stake in Ally Finl Inc (NYSE:ALLY) by 430,000 shares to 220,000 shares, valued at $5.34 million in 2017Q3, according to the filing.

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