Capwealth Advisors Position In 3M Company (MMM) Was Upped; Veeva Sys (VEEV) Valuation Rose While Castleark Management Lifted Its Position

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Capwealth Advisors Llc increased its stake in 3M Company (MMM) by 6.07% based on its latest 2018Q2 regulatory filing with the SEC. Capwealth Advisors Llc bought 2,215 shares as the company’s stock rose 0.89% with the market. The institutional investor held 38,719 shares of the medical and dental instruments company at the end of 2018Q2, valued at $7.62 million, up from 36,504 at the end of the previous reported quarter. Capwealth Advisors Llc who had been investing in 3M Company for a number of months, seems to be bullish on the $117.35 billion market cap company. The stock decreased 0.33% or $0.68 during the last trading session, reaching $201.52. About 2.18 million shares traded. 3M Company (NYSE:MMM) has declined 1.40% since December 6, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 05/03/2018 – 3M Names New CEO, Thulin To Become Executive Chair — MarketWatch; 05/03/2018 – 3M CO – MICHAEL ROMAN APPOINTED 3M CHIEF EXECUTIVE OFFICER; 16/05/2018 – Governor Rauner: $3M grant from IL EPA will help fund project to switch to groundwater source for Quincy. City will pay the; 21/05/2018 – 3M SEES SOLID ECONOMY TO AID COMPANY: COO MIKE ROMAN; 23/03/2018 – Norway 3M Nibor Yield 1.00% by End-18 (Survey); 13/04/2018 – Canada 3M Bill Yield at 1.55% by End-3Q vs 1.58% Prior (Survey); 21/03/2018 – Switzerland 3M Yield at -0.75% by End-18 (Survey); 07/03/2018 – GRAPHIC-GE value could slip to lowest among large U.S. industrials; 03/05/2018 – 3M’s New Single-Patient Stethoscope Fills Immense Auscultation Quality Gap for Clinicians Treating Patients in Isolation; 24/04/2018 – Anglo American 1Q Minas-Rio Production Decreased by 30% to 3M Tons

Castleark Management Llc increased its stake in Veeva Sys Inc (VEEV) by 45.8% based on its latest 2018Q2 regulatory filing with the SEC. Castleark Management Llc bought 59,405 shares as the company’s stock rose 28.09% with the market. The institutional investor held 189,108 shares of the prepackaged software company at the end of 2018Q2, valued at $14.54 million, up from 129,703 at the end of the previous reported quarter. Castleark Management Llc who had been investing in Veeva Sys Inc for a number of months, seems to be bullish on the $13.31B market cap company. The stock decreased 0.96% or $0.89 during the last trading session, reaching $92.11. About 1.98M shares traded or 31.40% up from the average. Veeva Systems Inc. (NYSE:VEEV) has risen 82.53% since December 6, 2017 and is uptrending. It has outperformed by 66.91% the S&P500. Some Historical VEEV News: 24/05/2018 – Veeva Systems Sees 2Q EPS 33c-EPS 34c; 30/05/2018 – New Veeva Vault Training Provides Life Sciences a Modern Cloud Application for Effective Role-based Training; 24/05/2018 – VEEVA SYSTEMS INC VEEV.N SEES FY 2019 REVENUE $826 MLN TO $830 MLN; 24/05/2018 – Veeva Systems 1Q Rev $195.5M; 02/05/2018 – Wells Capital Management Inc. Exits Position in Veeva; 08/03/2018 – Veeva Forms Golden Cross: Technicals; 24/05/2018 – VEEVA 1Q ADJ EPS 33C, EST. 31C; 24/04/2018 – Veeva Closes Below 50-Day Moving Average: Technicals; 04/05/2018 – Veeva Awards Billionaire CEO Gassner $88 Million for Last Year; 16/04/2018 – Veeva Cloud Innovation Helps CPG and Chemical Industries Improve Quality Processes

Since June 6, 2018, it had 0 insider purchases, and 23 selling transactions for $21.08 million activity. SEKHRI PAUL J sold $62,306 worth of stock or 601 shares. 727 shares were sold by BARABE TIMOTHY C, worth $76,335 on Thursday, September 27. Wallach Matthew J sold 12,000 shares worth $1.09M. Another trade for 981 shares valued at $90,321 was made by MATEO ALAN on Saturday, October 13. Another trade for 10,000 shares valued at $798,647 was made by CODD RONALD E F on Tuesday, July 10. Faddis Jonathan also sold $304,440 worth of Veeva Systems Inc. (NYSE:VEEV) shares.

Among 18 analysts covering Veeva Systems (NYSE:VEEV), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Veeva Systems had 73 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Friday, May 27 with “Buy”. The rating was maintained by Deutsche Bank on Friday, May 27 with “Hold”. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 24. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Buy” rating given on Thursday, August 24 by KeyBanc Capital Markets. The company was maintained on Friday, August 24 by Morgan Stanley. The company was maintained on Wednesday, June 27 by Morgan Stanley. The company was maintained on Friday, August 18 by Stifel Nicolaus. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Hold” rating given on Friday, March 9 by J.P. Morgan. The company was maintained on Wednesday, February 28 by Canaccord Genuity. KeyBanc Capital Markets maintained the shares of VEEV in report on Sunday, November 12 with “Buy” rating.

Investors sentiment increased to 1.79 in 2018 Q2. Its up 0.39, from 1.4 in 2018Q1. It increased, as 38 investors sold VEEV shares while 79 reduced holdings. 65 funds opened positions while 144 raised stakes. 103.85 million shares or 4.21% more from 99.65 million shares in 2018Q1 were reported. 26,623 were reported by M&T Bancshares Corporation. Winslow Cap Mgmt Limited Liability has invested 0.69% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Stevens Capital Management Limited Partnership invested 0.15% in Veeva Systems Inc. (NYSE:VEEV). Paloma Prtn Mgmt has 0.02% invested in Veeva Systems Inc. (NYSE:VEEV). Hartford Inv Co holds 0.01% of its portfolio in Veeva Systems Inc. (NYSE:VEEV) for 6,245 shares. State Of Wisconsin Board, Wisconsin-based fund reported 146,158 shares. Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma accumulated 5,400 shares. Partners Ltd Company invested in 166,069 shares. Cwm owns 86 shares for 0% of their portfolio. Macroview Mgmt Ltd reported 0.01% in Veeva Systems Inc. (NYSE:VEEV). National Bank & Trust Of Montreal Can has invested 0% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Brandywine Managers Ltd Limited Liability Company holds 9,270 shares or 0.28% of its portfolio. 10,713 are held by Bokf Na. Piedmont Advsrs Ltd Liability Co stated it has 5,587 shares or 0.02% of all its holdings. Ubs Asset Mngmt Americas Incorporated stated it has 0% of its portfolio in Veeva Systems Inc. (NYSE:VEEV).

Castleark Management Llc, which manages about $3.86 billion and $3.25B US Long portfolio, decreased its stake in Voya Finl Inc (NYSE:VOYA) by 9,240 shares to 112,605 shares, valued at $5.29M in 2018Q2, according to the filing. It also reduced its holding in Flir Sys Inc (NASDAQ:FLIR) by 10,760 shares in the quarter, leaving it with 130,675 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

More notable recent Veeva Systems Inc. (NYSE:VEEV) news were published by: Fool.com which released: “The 3 Stocks on the MFM Team’s Radar This Week – The Motley Fool” on November 15, 2018, also Streetinsider.com with their article: “After-Hours Movers 11/28: (LZB) (VEEV) (BOX) Higher; (PIXY) (TLYS) (NDLS) Lower (more…) – StreetInsider.com” published on November 28, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For December 4, 2018 – Benzinga” on December 04, 2018. More interesting news about Veeva Systems Inc. (NYSE:VEEV) were released by: Benzinga.com and their article: “The Street Reacts To Veeva Systems’ Q3 Beat (NYSE:VEEV) – Benzinga” published on November 29, 2018 as well as Investorplace.com‘s news article titled: “Salesforce Stock Will Need Spectacular Earnings to Keep Moving Up – Investorplace.com” with publication date: November 19, 2018.

Capwealth Advisors Llc, which manages about $719.93M and $558.27 million US Long portfolio, decreased its stake in Hershey Company (NYSE:HSY) by 5,613 shares to 42,815 shares, valued at $3.98M in 2018Q2, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 34,522 shares in the quarter, leaving it with 218,374 shares, and cut its stake in Consol Energy Inc New.

Since September 10, 2018, it had 1 insider buy, and 1 insider sale for $90,252 activity. Another trade for 1,000 shares valued at $184,500 was made by PAGE GREGORY R on Friday, October 26.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M CEO sets five-year financial targets – Seeking Alpha” on November 15, 2018, also Seekingalpha.com with their article: “3M: Optimistic, But A Few Caveats – Seeking Alpha” published on November 11, 2018, Seekingalpha.com published: “As Expected, Evolution, Not Revolution, From 3M – Seeking Alpha” on November 20, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Bizjournals.com and their article: “3M’s new products must meet sustainability goals, company says – Minneapolis / St. Paul Business Journal” published on December 05, 2018 as well as Seekingalpha.com‘s news article titled: “3M Company (MMM) CEO Michael Roman Presents at Credit Suisse 6th Annual Industrials Conference (Transcript) – Seeking Alpha” with publication date: November 28, 2018.

Investors sentiment increased to 0.97 in Q2 2018. Its up 0.20, from 0.77 in 2018Q1. It is positive, as 73 investors sold MMM shares while 549 reduced holdings. 111 funds opened positions while 490 raised stakes. 374.25 million shares or 0.96% less from 377.88 million shares in 2018Q1 were reported. Cincinnati Fin reported 1.58% of its portfolio in 3M Company (NYSE:MMM). Signaturefd Lc holds 0.14% of its portfolio in 3M Company (NYSE:MMM) for 6,550 shares. California-based Cornerstone Inc has invested 0.11% in 3M Company (NYSE:MMM). Schafer Cullen Capital Mgmt owns 484,099 shares. Boulegeris invested 0.64% in 3M Company (NYSE:MMM). Bank Pictet & Cie (Asia) Ltd reported 56,637 shares. Moreover, Private Wealth Advisors Inc has 0.61% invested in 3M Company (NYSE:MMM) for 7,844 shares. Foster & Motley has invested 0.53% of its portfolio in 3M Company (NYSE:MMM). Cls Lc reported 2,148 shares stake. 4,350 were reported by Holderness Investments. Sg Americas Ltd Company reported 0.04% in 3M Company (NYSE:MMM). Eagle Ridge Mngmt has 50,164 shares. Palisade Asset Management Llc holds 74,936 shares or 2.13% of its portfolio. Missouri-based Moneta Gp Limited Co has invested 0.04% in 3M Company (NYSE:MMM). Salem Counselors has invested 1.69% in 3M Company (NYSE:MMM).

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 106 analyst reports since July 24, 2015 according to SRatingsIntel. On Tuesday, December 12 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Buy” rating given on Thursday, July 13 by Jefferies. The company was maintained on Thursday, December 14 by Jefferies. The firm earned “Underweight” rating on Wednesday, September 20 by JP Morgan. As per Tuesday, April 24, the company rating was maintained by Jefferies. RBC Capital Markets maintained the shares of MMM in report on Wednesday, December 16 with “Underperform” rating. As per Friday, September 25, the company rating was upgraded by Credit Suisse. The company was maintained on Thursday, April 26 by JP Morgan. Stifel Nicolaus maintained 3M Company (NYSE:MMM) on Wednesday, July 19 with “Hold” rating. The firm has “Buy” rating given on Wednesday, October 24 by Argus Research.

3M Company (NYSE:MMM) Institutional Positions Chart

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