As Express Scripts Hldg Co (ESRX) Shares Declined, Baupost Group Has Cut Holding; Focused Investors Decreased 3M Company (MMM) Stake as Stock Value Declined

April 23, 2018 - By mmahotstuff

3M Company (NYSE:MMM) Logo

Focused Investors Llc decreased its stake in 3M Company (MMM) by 11.33% based on its latest 2017Q4 regulatory filing with the SEC. Focused Investors Llc sold 37,800 shares as the company’s stock declined 8.03% with the market. The institutional investor held 295,800 shares of the medical and dental instruments company at the end of 2017Q4, valued at $69.62 million, down from 333,600 at the end of the previous reported quarter. Focused Investors Llc who had been investing in 3M Company for a number of months, seems to be less bullish one the $128.93B market cap company. The stock decreased 0.44% or $0.95 during the last trading session, reaching $216.8. About 1.07M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since April 23, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Seth Klarman decreased its stake in Express Scripts Hldg Co (ESRX) by 9.79% based on its latest 2017Q4 regulatory filing with the SEC. Baupost Group Llc sold 250,435 shares as the company’s stock declined 5.58% with the market. The hedge fund run by Seth Klarman held 2.31 million shares of the medical and nursing services company at the end of 2017Q4, valued at $172.15 million, down from 2.56M at the end of the previous reported quarter. Baupost Group Llc who had been investing in Express Scripts Hldg Co for a number of months, seems to be less bullish one the $42.20B market cap company. The stock increased 2.26% or $1.66 during the last trading session, reaching $75.15. About 1.72 million shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has risen 8.93% since April 23, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Since October 27, 2017, it had 0 insider purchases, and 21 insider sales for $34.51 million activity. Vale Michael G. sold $1.54M worth of stock or 6,243 shares. Bauman James L sold $700,790 worth of stock. $56,178 worth of stock was sold by Vrohidis Ippocratis on Thursday, February 1. Little Frank R Jr. sold $351,708 worth of stock. 1,681 shares were sold by Gangestad Nicholas C, worth $419,846. Keel Paul A also sold $3.33M worth of 3M Company (NYSE:MMM) on Thursday, February 1.

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. Choate Invest Advsrs invested in 23,297 shares. Aperio Group Inc Ltd Com stated it has 0.7% of its portfolio in 3M Company (NYSE:MMM). Hodges Capital Mgmt Incorporated stated it has 0.02% of its portfolio in 3M Company (NYSE:MMM). Tctc Ltd Liability Company has invested 1.47% in 3M Company (NYSE:MMM). Employees Retirement Sys Of Texas holds 0.38% of its portfolio in 3M Company (NYSE:MMM) for 126,400 shares. Brave Asset Management reported 9,350 shares or 1.15% of all its holdings. Credit Suisse Ag reported 1.30M shares. Service Of America has invested 0.04% of its portfolio in 3M Company (NYSE:MMM). Dowling Yahnke Lc owns 0.77% invested in 3M Company (NYSE:MMM) for 36,233 shares. Rice Hall James Assocs Ltd Liability reported 0.01% of its portfolio in 3M Company (NYSE:MMM). Asset Management owns 0.09% invested in 3M Company (NYSE:MMM) for 2,793 shares. Curbstone Fincl Mngmt holds 4,093 shares. Granite Inv Ptnrs Limited Co holds 14,846 shares. Amica Mutual Company holds 0.56% of its portfolio in 3M Company (NYSE:MMM) for 24,184 shares. Fifth Third Bankshares invested in 0.65% or 404,378 shares.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24 before the open. They expect $2.50 EPS, up 15.74% or $0.34 from last year’s $2.16 per share. MMM’s profit will be $1.49 billion for 21.68 P/E if the $2.50 EPS becomes a reality. After $2.10 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 19.05% EPS growth.

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. As per Wednesday, October 25, the company rating was maintained by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Wednesday, October 26 with “Underperform”. The rating was maintained by Jefferies on Tuesday, April 12 with “Buy”. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, October 25. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Thursday, January 25. RBC Capital Markets has “Hold” rating and $254.0 target. The firm has “Hold” rating by RBC Capital Markets given on Monday, July 10. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Wednesday, October 25 by Argus Research. Citigroup maintained the shares of MMM in report on Tuesday, April 19 with “Buy” rating. The stock has “Buy” rating by Jefferies on Thursday, June 1. The company was downgraded on Monday, November 21 by Goldman Sachs.

Investors sentiment increased to 0.69 in Q4 2017. Its up 0.07, from 0.62 in 2017Q3. It improved, as 68 investors sold ESRX shares while 407 reduced holdings. 111 funds opened positions while 216 raised stakes. 479.40 million shares or 1.52% less from 486.80 million shares in 2017Q3 were reported. Dimensional Fund Advsrs Lp reported 6.49 million shares. National Mutual Ins Federation Of Agricultural Cooperatives holds 18,100 shares. Lombard Odier Asset Mngmt (Europe) Limited owns 6,739 shares. Palladium Prns Limited stated it has 0.11% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Baystate Wealth Mgmt Ltd Liability reported 567 shares. Massmutual Fsb Adv accumulated 7,767 shares. Tortoise Inv Mgmt Limited Co stated it has 251 shares. Ww Asset Management accumulated 0.13% or 53,385 shares. Endurant LP stated it has 1.7% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Cordasco Financial Network owns 0.06% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 751 shares. California State Teachers Retirement Systems holds 1.11M shares or 0.17% of its portfolio. Arcadia Mi reported 0.01% in Express Scripts Holding Company (NASDAQ:ESRX). Advisor Ptnrs Lc holds 0.14% in Express Scripts Holding Company (NASDAQ:ESRX) or 9,540 shares. 768 were accumulated by First Personal Finance. First Natl Bank Communications Of Newtown invested in 3,677 shares.

Among 25 analysts covering Express Scripts (NASDAQ:ESRX), 8 have Buy rating, 3 Sell and 14 Hold. Therefore 32% are positive. Express Scripts had 66 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, March 9 by Wells Fargo. The firm has “Underperform” rating given on Wednesday, March 15 by Wells Fargo. As per Wednesday, July 26, the company rating was maintained by Oppenheimer. The company was maintained on Tuesday, April 26 by Credit Suisse. SunTrust maintained Express Scripts Holding Company (NASDAQ:ESRX) on Thursday, January 11 with “Buy” rating. RBC Capital Markets maintained Express Scripts Holding Company (NASDAQ:ESRX) rating on Thursday, December 14. RBC Capital Markets has “Hold” rating and $68.0 target. Mizuho maintained Express Scripts Holding Company (NASDAQ:ESRX) on Wednesday, January 24 with “Hold” rating. The firm earned “Hold” rating on Thursday, March 29 by William Blair. SunTrust maintained it with “Buy” rating and $86.0 target in Wednesday, December 20 report. The firm has “Market Perform” rating by Leerink Swann given on Tuesday, January 19.

Express Scripts Holding Company (NASDAQ:ESRX) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

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:


>