Genesee Valley Trust Company Cut Stake in 3M Company (MMM) by $593,560 as Valuation Rose; Numeric Investors Has Decreased Comcast New (CMCSA) Stake by $946,200

February 20, 2018 - By Adrian Erickson

Genesee Valley Trust Company decreased its stake in 3M Company (MMM) by 36.14% based on its latest 2017Q3 regulatory filing with the SEC. Genesee Valley Trust Company sold 2,840 shares as the company’s stock rose 7.02% with the market. The institutional investor held 5,019 shares of the medical and dental instruments company at the end of 2017Q3, valued at $1.05 million, down from 7,859 at the end of the previous reported quarter. Genesee Valley Trust Company who had been investing in 3M Company for a number of months, seems to be less bullish one the $140.49B market cap company. The stock decreased 0.32% or $0.75 during the last trading session, reaching $235.92. About 1.04 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since February 20, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Numeric Investors Llc decreased its stake in Comcast Corp New (CMCSA) by 0.67% based on its latest 2017Q3 regulatory filing with the SEC. Numeric Investors Llc sold 24,900 shares as the company’s stock rose 3.16% with the market. The institutional investor held 3.67M shares of the television services company at the end of 2017Q3, valued at $141.16M, down from 3.69 million at the end of the previous reported quarter. Numeric Investors Llc who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the $182.95B market cap company. The stock decreased 1.01% or $0.4 during the last trading session, reaching $39.39. About 8.41M shares traded. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since February 20, 2017 and is uptrending. It has outperformed by 12.26% the S&P500.

Genesee Valley Trust Company, which manages about $244.74M US Long portfolio, upped its stake in O’reilly Automotive Inc New Com (NASDAQ:ORLY) by 1,515 shares to 8,446 shares, valued at $1.82M in 2017Q3, according to the filing. It also increased its holding in Eaton Vance Floating Rate Class I (EIBLX) by 40,852 shares in the quarter, for a total of 607,605 shares, and has risen its stake in Adobe Sys Inc. (NASDAQ:ADBE).

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M had 79 analyst reports since July 24, 2015 according to SRatingsIntel. UBS maintained 3M Company (NYSE:MMM) on Wednesday, December 16 with “Buy” rating. On Wednesday, October 25 the stock rating was maintained by Stifel Nicolaus with “Hold”. The company was downgraded on Wednesday, September 20 by JP Morgan. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Tuesday, June 6 by Bank of America. Jefferies maintained 3M Company (NYSE:MMM) rating on Tuesday, April 12. Jefferies has “Buy” rating and $187 target. The company was maintained on Friday, October 23 by RBC Capital Markets. As per Wednesday, October 25, the company rating was upgraded by Goldman Sachs. Argus Research maintained the shares of MMM in report on Wednesday, October 25 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Monday, May 29 report. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Barclays Capital on Friday, April 28.

Since October 27, 2017, it had 0 insider buys, and 20 insider sales for $33.77 million activity. 44 shares valued at $11,102 were sold by THULIN INGE G on Wednesday, January 31. Vrohidis Ippocratis had sold 225 shares worth $56,178 on Thursday, February 1. 8,834 3M Company (NYSE:MMM) shares with value of $2.19M were sold by Bauman James L. Another trade for 400 shares valued at $92,023 was sold by Lindekugel Jon T. 1,500 shares were sold by Little Frank R Jr., worth $351,708. The insider Keel Paul A sold 13,480 shares worth $3.33 million.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It fall, 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. Natl Pension reported 468,003 shares stake. Arcadia Corp Mi reported 2,780 shares. Ironwood Financial Lc reported 53 shares. Vanguard Incorporated stated it has 47.88M shares. Barrett Asset Management Ltd Co holds 165,981 shares or 2.54% of its portfolio. Waters Parkerson And Limited Co reported 25,246 shares. Campbell Newman Asset reported 43,194 shares stake. Teacher Retirement Sys Of Texas invested in 0.14% or 110,523 shares. Lincoln Capital Ltd invested 0.23% of its portfolio in 3M Company (NYSE:MMM). 36,059 were reported by Argent Trust Company. Foster Dykema Cabot & Communication Ma has 3,369 shares. Anderson Hoagland Comm invested 0.97% of its portfolio in 3M Company (NYSE:MMM). Macquarie Grp Ltd holds 113,289 shares or 0.04% of its portfolio. 19,782 were accumulated by Meiji Yasuda Asset Mgmt Com. Sentinel Tru Lba reported 1,100 shares or 0.04% of all its holdings.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.02, from 1.01 in 2017Q2. It is positive, as 53 investors sold CMCSA shares while 517 reduced holdings. 115 funds opened positions while 470 raised stakes. 3.65 billion shares or 1.23% less from 3.69 billion shares in 2017Q2 were reported. Cubic Asset Management Limited Liability holds 0.21% or 19,830 shares in its portfolio. Invesco Limited owns 61.70 million shares. Ghp Invest Advsrs reported 0.32% stake. Ifrah Financial Ser reported 21,388 shares. Locust Wood Advisers Limited Liability, a New York-based fund reported 523,275 shares. Guinness Asset Ltd accumulated 89,150 shares. Raymond James & Assoc invested in 0.43% or 5.56 million shares. Ashfield reported 42,708 shares. Plancorp Ltd Liability has invested 0.07% in Comcast Corporation (NASDAQ:CMCSA). Letko Brosseau Associate Incorporated reported 1.11% stake. Amer Trust Investment Advsr Limited Liability Com has invested 3.17% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Sentinel Asset Management holds 1.41M shares or 1.3% of its portfolio. Moreover, Lourd Cap Ltd Liability has 0.05% invested in Comcast Corporation (NASDAQ:CMCSA) for 13,274 shares. East Coast Asset Limited Liability Com holds 25,342 shares or 0.26% of its portfolio. The Tennessee-based Pinnacle Financial Ptnrs has invested 1.37% in Comcast Corporation (NASDAQ:CMCSA).

Since September 15, 2017, it had 0 insider buys, and 5 selling transactions for $31.15 million activity. Shares for $156,931 were sold by BLOCK ARTHUR R on Thursday, September 28. 190,756 shares were sold by BURKE STEPHEN B, worth $8.11 million on Friday, January 26. BACON KENNETH J had sold 2,232 shares worth $83,175 on Friday, September 15.

Numeric Investors Llc, which manages about $14.26 billion and $13.01B US Long portfolio, upped its stake in Potbelly Corp (NASDAQ:PBPB) by 180,887 shares to 327,587 shares, valued at $4.06M in 2017Q3, according to the filing. It also increased its holding in Spx Corp (SPW) by 21,200 shares in the quarter, for a total of 105,400 shares, and has risen its stake in Intercontinental Exchange In (NYSE:ICE).

Among 31 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Comcast Corporation had 79 analyst reports since July 27, 2015 according to SRatingsIntel. As per Tuesday, January 31, the company rating was maintained by RBC Capital Markets. Macquarie Research upgraded the shares of CMCSA in report on Monday, October 24 to “Outperform” rating. UBS maintained the stock with “Buy” rating in Friday, July 24 report. On Thursday, January 26 the stock rating was maintained by Pivotal Research with “Buy”. On Monday, January 4 the stock rating was maintained by Macquarie Research with “Neutral”. RBC Capital Markets maintained the shares of CMCSA in report on Tuesday, January 30 with “Buy” rating. The firm has “Buy” rating given on Monday, August 14 by Oppenheimer. The firm earned “Buy” rating on Wednesday, June 28 by Bank of America. As per Friday, July 7, the company rating was maintained by RBC Capital Markets. Jefferies maintained Comcast Corporation (NASDAQ:CMCSA) on Thursday, January 25 with “Buy” rating.

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