Disney Walt Co (DIS) Shareholder Grassi Investment Management Decreased Holding by $403,074; 3M Co (MMM) Holding Has Lifted by Ray Gerald L & Associates Ltd

February 22, 2018 - By Vivian Park

Ray Gerald L & Associates Ltd increased its stake in 3M Co (MMM) by 60.12% based on its latest 2017Q3 regulatory filing with the SEC. Ray Gerald L & Associates Ltd bought 2,830 shares as the company’s stock rose 7.02% with the market. The institutional investor held 7,537 shares of the medical and dental instruments company at the end of 2017Q3, valued at $1.58M, up from 4,707 at the end of the previous reported quarter. Ray Gerald L & Associates Ltd who had been investing in 3M Co for a number of months, seems to be bullish on the $140.35 billion market cap company. The stock increased 1.51% or $3.5 during the last trading session, reaching $235.68. About 1.06M shares traded. 3M Company (NYSE:MMM) has risen 18.59% since February 22, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Grassi Investment Management decreased its stake in Disney Walt Co (DIS) by 7.77% based on its latest 2017Q3 regulatory filing with the SEC. Grassi Investment Management sold 4,113 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 48,829 shares of the television services company at the end of 2017Q3, valued at $4.81M, down from 52,942 at the end of the previous reported quarter. Grassi Investment Management who had been investing in Disney Walt Co for a number of months, seems to be less bullish one the $158.31B market cap company. The stock increased 0.22% or $0.23 during the last trading session, reaching $105.28. About 2.15 million shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since February 22, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Investors sentiment decreased to 0.77 in Q3 2017. 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. Omers Administration owns 15,725 shares. Cwm Ltd stated it has 793 shares. Teacher Retirement System Of Texas holds 0.14% in 3M Company (NYSE:MMM) or 110,523 shares. D E Shaw And stated it has 0.01% in 3M Company (NYSE:MMM). Bradley Foster Sargent Ct holds 0.7% of its portfolio in 3M Company (NYSE:MMM) for 87,156 shares. Nadler Fin Gp holds 0.21% in 3M Company (NYSE:MMM) or 3,068 shares. Staley Cap Advisers reported 227,736 shares or 3.9% of all its holdings. Prudential Public Limited Co accumulated 0.3% or 454,757 shares. Northwestern Mutual Wealth Management, Wisconsin-based fund reported 135,318 shares. Covington Cap Mgmt owns 0.87% invested in 3M Company (NYSE:MMM) for 62,478 shares. Deutsche Bancshares Ag has invested 0.29% in 3M Company (NYSE:MMM). Franklin Resources invested in 1.05M shares or 0.11% of the stock. Dearborn Prtn Ltd Liability Company stated it has 165,283 shares or 2.55% of all its holdings. 2,774 are held by Callahan Limited Com. Bkd Wealth Ltd Llc accumulated 18,314 shares.

Ray Gerald L & Associates Ltd, which manages about $650.50 million and $802.14 million US Long portfolio, decreased its stake in Celgene Corp (NASDAQ:CELG) by 3,180 shares to 253,919 shares, valued at $37.03 million in 2017Q3, according to the filing. It also reduced its holding in Vanguard Bd Index Fd Inc (BND) by 4,481 shares in the quarter, leaving it with 29,709 shares, and cut its stake in Under Armour Inc.

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. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Friday, July 24 by UBS. Jefferies maintained the shares of MMM in report on Tuesday, April 12 with “Buy” rating. Deutsche Bank upgraded it to “Buy” rating and $275.0 target in Tuesday, February 13 report. The firm has “Underperform” rating by RBC Capital Markets given on Wednesday, October 26. The rating was upgraded by RBC Capital Markets on Wednesday, December 7 to “Sector Perform”. The company was upgraded on Friday, September 25 by Credit Suisse. Barclays Capital maintained the stock with “Buy” rating in Friday, April 28 report. As per Monday, May 29, the company rating was maintained by Jefferies. Stifel Nicolaus maintained it with “Hold” rating and $245.0 target in Wednesday, December 13 report.

Since October 27, 2017, it had 0 insider purchases, and 20 insider sales for $33.77 million activity. Another trade for 1,500 shares valued at $351,708 was made by Little Frank R Jr. on Friday, October 27. Shin Hak Cheol sold 6,799 shares worth $1.68 million. $8.85M worth of 3M Company (NYSE:MMM) was sold by THULIN INGE G. Vrohidis Ippocratis sold $56,178 worth of 3M Company (NYSE:MMM) on Thursday, February 1. The insider Bauman James L sold 8,834 shares worth $2.19M. Fong Ivan K sold $547,377 worth of 3M Company (NYSE:MMM) on Friday, October 27.

Among 39 analysts covering The Walt Disney Company (NYSE:DIS), 23 have Buy rating, 3 Sell and 13 Hold. Therefore 59% are positive. The Walt Disney Company had 152 analyst reports since July 24, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, August 11 report. The rating was downgraded by BMO Capital Markets on Wednesday, January 18 to “Underperform”. The firm earned “Buy” rating on Thursday, January 14 by Drexel Hamilton. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 10. Piper Jaffray maintained The Walt Disney Company (NYSE:DIS) on Sunday, August 6 with “Buy” rating. The rating was upgraded by Rosenblatt on Wednesday, January 3 to “Buy”. Jefferies maintained the stock with “Hold” rating in Thursday, July 6 report. Rosenblatt maintained The Walt Disney Company (NYSE:DIS) on Wednesday, August 9 with “Hold” rating. The rating was upgraded by Topeka Capital Markets to “Buy” on Friday, July 24. The company was maintained on Thursday, November 19 by Topeka Capital Markets.

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