Koninklijke Philips N V (PHG) Shareholder Samlyn Capital Cut Holding; As 3M Co. (MMM) Shares Declined, Shareholder Campbell Newman Asset Management Has Decreased Holding

June 12, 2018 - By Nellie Frank

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Campbell Newman Asset Management Inc decreased its stake in 3M Co. (MMM) by 94.43% based on its latest 2018Q1 regulatory filing with the SEC. Campbell Newman Asset Management Inc sold 38,983 shares as the company’s stock declined 18.48% with the market. The institutional investor held 2,300 shares of the medical and dental instruments company at the end of 2018Q1, valued at $505,000, down from 41,283 at the end of the previous reported quarter. Campbell Newman Asset Management Inc who had been investing in 3M Co. for a number of months, seems to be less bullish one the $121.78 billion market cap company. The stock decreased 0.71% or $1.47 during the last trading session, reaching $205.12. About 2.30 million shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 12, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 05/03/2018 – BREAKING: 3M appoints Michael F. Roman as CEO,effective July 1. Current CEO Inge Thulin becomes executive chairman; 05/03/2018 – 3M NAMES INGE THULIN EXECUTIVE CHAIRMAN MICHAEL ROMAN CEO; 24/04/2018 – 3M CO – DURING THE QUARTER, CO RECORDED AN EXPENSE OF $217 MILLION, OR $0.36 PER SHARE, RELATED TO THE TAX CUTS AND JOBS ACT; 11/04/2018 – Filtrete™ Brand from 3M Teams up with Amazon to Integrate the New Filtrete™ Smart Air Filter Line with Amazon Dash; 04/04/2018 – 3M CO – KRISTEN LUDGATE IS APPOINTED SENIOR VICE PRESIDENT, HUMAN RESOURCES, EFFECTIVE JULY 1, 2018; 21/03/2018 – Switzerland 3M Yield at -0.75% by End-18 (Survey); 24/04/2018 – 3M sinks 8%, eyes biggest drop since 2007; 02/04/2018 – Propeller Health Publishes Results From a Large Public Health Study on Asthma; Successfully Reduces the Burden of Asthma in Louisville; 12/04/2018 – U.S. 3M Libor Yield at 2.49% by End-3Q vs 2.38% Prior (Survey); 05/03/2018 – 3M Elevates Operating Chief to CEO as Thulin Moves to New Role

Robert Pohly decreased its stake in Koninklijke Philips N V (PHG) by 41.46% based on its latest 2018Q1 regulatory filing with the SEC. Samlyn Capital Llc sold 730,138 shares as the company’s stock rose 7.57% while stock markets declined. The hedge fund run by Robert Pohly held 1.03M shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $39.50M, down from 1.76M at the end of the previous reported quarter. Samlyn Capital Llc who had been investing in Koninklijke Philips N V for a number of months, seems to be less bullish one the $37.96 billion market cap company. The stock increased 0.87% or $0.37 during the last trading session, reaching $42.9. About 732,547 shares traded. Koninklijke Philips N.V. (NYSE:PHG) has risen 19.98% since June 12, 2017 and is uptrending. It has outperformed by 7.41% the S&P500. Some Historical PHG News: 17/04/2018 – FDA: Philips Medical Systems (Cleveland) Inc- Ingenuity Core 128 – Model no. 728323, 728324, Computed Tomography X-Ray system; 24/04/2018 – KONINKLIJKE PHILIPS NV PHG.AS : JP MORGAN RAISES TARGET PRICE TO 36.7 EUROS FROM 35.6 EUROS; 26/04/2018 – Philips Lighting: Aim For Positive Comparable Sales Growth in Full-Year; 12/03/2018 – KONINKLIJKE AHOLD DELHAIZE NV – LAUNCHED & PRICED EUR 500 MLN FIXED RATE NOTES DUE IN 2026 & EUR 300 MLN FLOATING RATE NOTES DUE IN 2021; 17/04/2018 – FDA: Philips Medical Systems (Cleveland) Inc- Brilliance 16 Slice (Air) – Model no. 728246, Computed Tomography X-Ray system; 17/04/2018 – Philips Introduces New SpeechExec Enterprise Dictation and Transcription Software; 23/04/2018 – Early Monday, Swiss bank UBS reported better-than-expected first quarter earnings with net profit up 19 percent. Philips has also released its first quarter earnings; 09/05/2018 – REG-Ahold Delhaize extends SCAD option agreement, adopts additional commitments following shareholder feedback; 12/04/2018 – Philips China Creates an Al Lab to Propel Digital Transformation Strategy; 27/04/2018 – TT INTERNATIONAL CUTS SHORT PHILIPS LIGHTING TO 0.25 FROM 0.50

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, July 13 the stock rating was maintained by Jefferies with “Buy”. RBC Capital Markets maintained it with “Hold” rating and $24100 target in Thursday, March 22 report. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Wednesday, October 25 by Argus Research. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, October 25 report. As per Wednesday, October 25, the company rating was maintained by Citigroup. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Jefferies on Thursday, December 14. The company was maintained on Monday, May 29 by Jefferies. Bank of America maintained the stock with “Buy” rating in Tuesday, June 6 report. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Tuesday, April 24 by Jefferies. The rating was maintained by Citigroup with “Buy” on Monday, October 9.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 earnings per share, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56B for 19.50 P/E if the $2.63 EPS becomes a reality. After $2.50 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

More notable recent 3M Company (NYSE:MMM) news were published by: Bizjournals.com which released: “After years of delays and stalled plans, Three World Trade opens” on June 11, 2018, also Seekingalpha.com with their article: “AT&T Is A Buy – Cramer’s Lightning Round (6/6/18)” published on June 07, 2018, Seekingalpha.com published: “3M Company: Time To Break Up This Giant?” on June 09, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M Company: It Didn’t Take A Crystal Ball To See That It Was Overvalued – Part 3” published on May 31, 2018 as well as Seekingalpha.com‘s news article titled: “Jefferies cautious on 3M amid rate, recession fears” with publication date: May 16, 2018.

Since January 31, 2018, it had 0 insider purchases, and 16 sales for $30.99 million activity. 35,236 shares were sold by THULIN INGE G, worth $8.85M on Wednesday, January 31. Keel Paul A sold $3.33 million worth of stock. 8,834 3M Company (NYSE:MMM) shares with value of $2.19M were sold by Bauman James L. Vale Michael G. also sold $1.54 million worth of 3M Company (NYSE:MMM) shares. $419,846 worth of 3M Company (NYSE:MMM) was sold by Gangestad Nicholas C on Thursday, February 1. On Friday, February 23 Little Frank R Jr. sold $742,051 worth of 3M Company (NYSE:MMM) or 3,133 shares.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It worsened, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. Twin Tree Mgmt Ltd Partnership has invested 0.04% of its portfolio in 3M Company (NYSE:MMM). Swiss Commercial Bank has 0.53% invested in 3M Company (NYSE:MMM) for 1.98 million shares. Waters Parkerson & Llc invested in 0.48% or 24,879 shares. Old National State Bank In holds 0.31% of its portfolio in 3M Company (NYSE:MMM) for 26,408 shares. Retirement System Of Alabama owns 451,084 shares. Bb&T Corporation holds 0.42% or 100,261 shares. Duncker Streett Co Incorporated reported 0.9% stake. Parametric Portfolio Associates Limited Co owns 2.18 million shares. Focused Invsts Ltd Liability Com stated it has 2.76% of its portfolio in 3M Company (NYSE:MMM). Norris Perne And French Limited Liability Partnership Mi reported 0.13% stake. Harding Loevner LP accumulated 0.66% or 575,850 shares. Schaper Benz And Wise Inv Counsel Wi has 1,397 shares. Fort Point Cap Limited Company holds 0.39% in 3M Company (NYSE:MMM) or 6,590 shares. De Burlo Gp accumulated 11,325 shares. Brookstone Capital holds 0.04% in 3M Company (NYSE:MMM) or 1,928 shares.

Campbell Newman Asset Management Inc, which manages about $443.30 million and $602.23M US Long portfolio, upped its stake in Te Connectivity Limited Reg Sh (NYSE:TEL) by 4,972 shares to 173,540 shares, valued at $17.34M in 2018Q1, according to the filing. It also increased its holding in Fiserv Inc. (NASDAQ:FISV) by 12,553 shares in the quarter, for a total of 25,124 shares, and has risen its stake in Raytheon Co. (NYSE:RTN).

Among 14 analysts covering Koninklijke Philips N.V. (NYSE:PHG), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Koninklijke Philips N.V. had 15 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Berenberg given on Monday, February 12. On Wednesday, September 2 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was upgraded by Societe Generale to “Buy” on Tuesday, July 28. On Wednesday, October 26 the stock rating was upgraded by HSBC to “Buy”. Natixis downgraded the stock to “Neutral” rating in Wednesday, June 21 report. Barclays Capital upgraded the shares of PHG in report on Tuesday, July 28 to “Equal Weight” rating. The firm has “Buy” rating by UBS given on Wednesday, August 10. The rating was downgraded by Deutsche Bank on Tuesday, June 20 to “Hold”. The rating was upgraded by BNP Paribas to “Outperform” on Wednesday, May 11. On Monday, December 12 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”.

3M Company (NYSE:MMM) Institutional Positions Chart

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