Tuttle Tactical Management Has Trimmed 3M Company (MMM) Stake by $698,478; Market Valuation Rose; Digital Rlty Tr (DLR) Share Price Rose While Apg Asset Management Us Has Trimmed Stake by $46.64 Million

January 19, 2018 - By Ellis Scott

Tuttle Tactical Management Llc decreased its stake in 3M Company (MMM) by 56.33% based on its latest 2017Q3 regulatory filing with the SEC. Tuttle Tactical Management Llc sold 3,342 shares as the company’s stock rose 7.02% with the market. The institutional investor held 2,591 shares of the medical and dental instruments company at the end of 2017Q3, valued at $544,000, down from 5,933 at the end of the previous reported quarter. Tuttle Tactical Management Llc who had been investing in 3M Company for a number of months, seems to be less bullish one the $147.32 billion market cap company. The stock increased 0.58% or $1.43 during the last trading session, reaching $247.34. About 1.32M 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.

Apg Asset Management Us Inc decreased its stake in Digital Rlty Tr Inc (DLR) by 7.7% based on its latest 2017Q3 regulatory filing with the SEC. Apg Asset Management Us Inc sold 395,293 shares as the company’s stock rose 10.26% with the market. The institutional investor held 4.74M shares of the consumer services company at the end of 2017Q3, valued at $560.38 million, down from 5.13 million at the end of the previous reported quarter. Apg Asset Management Us Inc who had been investing in Digital Rlty Tr Inc for a number of months, seems to be less bullish one the $22.91 billion market cap company. The stock increased 0.22% or $0.23 during the last trading session, reaching $107.19. About 866,671 shares traded. Digital Realty Trust, Inc. (NYSE:DLR) has risen 23.90% since January 19, 2017 and is uptrending. It has outperformed by 7.20% the S&P500.

Since August 16, 2017, it had 0 insider purchases, and 1 sale for $3.00 million activity.

Apg Asset Management Us Inc, which manages about $71.11B and $11.96B US Long portfolio, upped its stake in Life Storage Inc by 57,500 shares to 671,000 shares, valued at $54.90M in 2017Q3, according to the filing. It also increased its holding in Invitation Homes Inc by 1.71M shares in the quarter, for a total of 10.90M shares, and has risen its stake in Simon Ppty Group Inc New (NYSE:SPG).

Analysts await Digital Realty Trust, Inc. (NYSE:DLR) to report earnings on February, 15. They expect $1.52 earnings per share, up 6.29% or $0.09 from last year’s $1.43 per share. DLR’s profit will be $324.80 million for 17.63 P/E if the $1.52 EPS becomes a reality. After $1.51 actual earnings per share reported by Digital Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 0.66% EPS growth.

Investors sentiment increased to 2.06 in Q3 2017. Its up 1.03, from 1.03 in 2017Q2. It is positive, as 44 investors sold DLR shares while 119 reduced holdings. 95 funds opened positions while 241 raised stakes. 198.28 million shares or 22.83% more from 161.43 million shares in 2017Q2 were reported. Cap Guardian Trust has invested 0.34% in Digital Realty Trust, Inc. (NYSE:DLR). Franklin Resource reported 0.01% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR). Friedberg Inv Mngmt invested in 6,690 shares or 1.28% of the stock. Gulf Bank (Uk) Limited has invested 0.1% in Digital Realty Trust, Inc. (NYSE:DLR). Bowling Mgmt Lc holds 0.11% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR) for 6,023 shares. Mason Street Advsr Lc has 28,404 shares for 0.08% of their portfolio. Federated Pa stated it has 0.5% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR). Cibc World Inc reported 0% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR). Kemper Corp Master Retirement Trust holds 2,500 shares. Mutual Of America Mgmt Ltd Com invested in 0.05% or 24,197 shares. Lazard Asset Mngmt Llc stated it has 0% in Digital Realty Trust, Inc. (NYSE:DLR). Dimensional Fund Advsr Limited Partnership has invested 0.15% in Digital Realty Trust, Inc. (NYSE:DLR). Employees Retirement Systems Of Texas reported 0.22% in Digital Realty Trust, Inc. (NYSE:DLR). Maryland-based Chevy Chase has invested 0.1% in Digital Realty Trust, Inc. (NYSE:DLR). Navellier & Assocs invested 1.33% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR).

Among 21 analysts covering Digital Realty Trust (NYSE:DLR), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Digital Realty Trust had 76 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 21 by Canaccord Genuity. The firm has “Outperform” rating by Cowen & Co given on Monday, June 12. As per Friday, October 27, the company rating was maintained by KeyBanc Capital Markets. As per Friday, July 29, the company rating was downgraded by Cowen & Co. The firm has “Outperform” rating by RBC Capital Markets given on Friday, May 13. The firm earned “Buy” rating on Tuesday, September 26 by KeyBanc Capital Markets. On Friday, November 24 the stock rating was maintained by SunTrust with “Buy”. The stock of Digital Realty Trust, Inc. (NYSE:DLR) has “Hold” rating given on Wednesday, April 26 by Stifel Nicolaus. The stock of Digital Realty Trust, Inc. (NYSE:DLR) has “Hold” rating given on Monday, November 13 by Jefferies. The stock of Digital Realty Trust, Inc. (NYSE:DLR) earned “Buy” rating by Cowen & Co on Wednesday, October 18.

Tuttle Tactical Management Llc, which manages about $198.63 million and $101.19 million US Long portfolio, upped its stake in Ishares Barclays Short Treasury Bond (SHV) by 49,499 shares to 150,903 shares, valued at $16.66 million in 2017Q3, according to the filing. It also increased its holding in Allergan Plc by 4,547 shares in the quarter, for a total of 7,712 shares, and has risen its stake in Priceline Group Inc (NASDAQ:PCLN).

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.02 earnings per share, up 7.45% or $0.14 from last year’s $1.88 per share. MMM’s profit will be $1.20 billion for 30.61 P/E if the $2.02 EPS becomes a reality. After $2.33 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth.

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. Citigroup maintained the stock with “Buy” rating in Tuesday, April 19 report. Jefferies maintained the stock with “Buy” rating in Monday, August 14 report. As per Wednesday, March 30, the company rating was maintained by UBS. Jefferies maintained 3M Company (NYSE:MMM) rating on Tuesday, April 12. Jefferies has “Buy” rating and $187 target. Bank of America maintained the stock with “Buy” rating in Wednesday, October 25 report. The stock of 3M Company (NYSE:MMM) earned “Underperform” rating by RBC Capital Markets on Tuesday, August 4. The company was maintained on Friday, April 28 by Barclays Capital. As per Monday, October 5, the company rating was maintained by Barclays Capital. Jefferies maintained the stock with “Buy” rating in Thursday, December 14 report. The stock has “Outperform” rating by Credit Suisse on Tuesday, March 15.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It worsened, 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. 55,621 were reported by Brown Brothers Harriman And. Utd Natl Bank holds 0.79% or 9,514 shares in its portfolio. 3,733 are owned by Beck Capital Mgmt Ltd Liability Com. 107,824 are owned by Cambridge Tru Company. Neuberger Berman Limited Liability invested in 1.60M shares. Roundview Cap Ltd Llc invested in 0.67% or 11,009 shares. Newman Dignan Sheerar stated it has 0.26% of its portfolio in 3M Company (NYSE:MMM). Fagan Associates holds 0.63% of its portfolio in 3M Company (NYSE:MMM) for 6,040 shares. Modera Wealth Mgmt Limited Liability reported 14,410 shares. Paragon Capital Mngmt Limited has 0.54% invested in 3M Company (NYSE:MMM) for 6,651 shares. Retail Bank Pictet Cie (Asia) Limited holds 3.61% in 3M Company (NYSE:MMM) or 36,427 shares. Maple has 7,489 shares. The Ohio-based First Fiduciary Investment Counsel has invested 3.52% in 3M Company (NYSE:MMM). Maryland Cap Management accumulated 0.1% or 3,055 shares. Invesco Limited reported 0.11% of its portfolio in 3M Company (NYSE:MMM).

Since August 11, 2017, it had 0 buys, and 8 selling transactions for $5.40 million activity. Another trade for 6,823 shares valued at $1.59 million was sold by THULIN INGE G. On Friday, October 27 the insider Fong Ivan K sold $547,377. Little Frank R Jr. also sold $351,708 worth of 3M Company (NYSE:MMM) shares. 4,965 shares were sold by Keel Paul A, worth $1.02 million. 400 shares valued at $92,023 were sold by Lindekugel Jon T on Tuesday, October 31. Shares for $936,291 were sold by Gangestad Nicholas C.

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:


Recent Posts